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Thailand: Action on inoculation paramount

Tourism operators have slammed the government’s inefficient public inoculation scheme, which is preventing herd immunity as a fresh outbreak affects the industry for a third time. Thailand’s tourism industry was hurt by a second outbreak of the pandemic late last year and was just starting to glimpse a potential recovery this month with the long […]

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Philippines: Term deposit yields drop as inflation slows

MANILA, Philippines — Term deposit rates eased across the board anew as inflation slowed down in March amid the reimposition of enhanced community quarantine in the National Capital Region (NCR) and nearby provinces. The yield of the seven-day tenor slipped by 4.38 basis points to 1.7842 percent at the term deposit facility (TDF) auction by […]

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Malaysian banks’ pace of recovery to be faster than regional peers, says Moody’s

KUALA LUMPUR (April 8): Moody’s Investors Service said in a report today that the asset quality of Malaysia’s largest banks had been more resilient to the coronavirus-induced economic disruption than their peers in Indonesia, the Philippines and Thailand. This resiliency, along with strong capital and liquidity buffers, will enable Malaysian banks to restore profitability faster than […]

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Cambodia: First quarter food exports suffering

New figures paint a poor picture of exports for Cambodia, highlighting the debilitating effects of COVID-19 on trade. One reason is a massive increase of up to five times in the cost of shipping combined with a shortage of available containers. A total of 978 tonnes of fresh fisheries products were exported in the first […]

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Singapore becomes a global cruise leader, for now

SINGAPORE, April 8 — Singapore currently accounts for a third of the world’s cruises its tourism body said yesterday, owing to the roaring success of its “cruises to nowhere” at a time of crisis in the industry globally. Cruises have yet to restart in many parts of the world after taking a beating from the […]

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