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World Bank: Growth in Developing East Asia Strong, but Slowing

The World Bank says growth in East Asia’s developing economies remains strong, but warns they need to reduce their reliance on exports as the global economic slowdown continues. The Washington-based lender said in a biannual report Wednesday that it expects growth to slow to 7.6 percent this year in developing East Asia, which excludes Japan. That is down from 8.2 percent in 2011. ​​While it said most East Asian economies were well-positioned to handle further external shocks, …

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The World Bank says growth in East Asia’s developing economies remains strong, but warns they need to reduce their reliance on exports as the global economic slowdown continues.

The Washington-based lender said in a biannual report Wednesday that it expects growth to slow to 7.6 percent this year in developing East Asia, which excludes Japan. That is down from 8.2 percent in 2011.

​​While it said most East Asian economies were well-positioned to handle further external shocks, …

 

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World Bank: Growth in Developing East Asia Strong, but Slowing

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Banking

Malaysia, Thailand banks to join the ASEAN Banking Integration Framework

Banking institutions from Thailand and Malaysia are invited to join the ASEAN Banking Integration Framework and indicate their interest to become a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

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Pursuant to the bilateral arrangement under the ASEAN Banking Integration Framework (ABIF) between Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) which was concluded in April 2019, banking institutions from Thailand and Malaysia are invited to indicate their interest to be a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

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Coronavirus raises asset risks but Thai banks will maintain adequate solvency

A resurgence of coronavirus infections in Thailand will hamper the country’s economic recovery and raise asset risks for banks in the country, says Moody’s

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A resurgence of coronavirus infections in Thailand will hamper the country’s economic recovery and raise asset risks for banks in the country.

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