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Taiwan's banking sector saw a rebound in its RMB deposit balance to 110.397 billion yuan in March, ending a seven-month decline. This was attributed mainly to increased corporate receipts and payment preparations, with the central bank deeming this range a "base level."
Rising LPG prices due to the Middle East conflict are severely impacting street food vendors in the Philippines, forcing them to raise prices or face dwindling customer numbers, a trend reflected in increased food inflation.
US President Trump announced a two-week suspension of military action against Iran, conditional on Iran immediately opening the Strait of Hormuz. Following this announcement, West Texas Intermediate (WTI) crude oil prices dropped sharply by nearly 7% shortly after the market opened.