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Cambodia: Dollar use hurting national economy

Dollarisation in Cambodia’s economy remains very high, leading to increased local costs and reducing the appeal of the Kingdom’s exports, Chea Serey, director general of the National Bank of Cambodia (NBC), said at a business conference in Phnom Penh yesterday. The majority of transactions in Cambodia, between 82 to 84 percent of them, are still […]

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Cambodia: Consumer protection law still in draft stage

The Ministry of Commerce and other relevant ministries will meet later this month to review progress on the country’s first consumer protection law and formulate a plan to complete the draft legislation, a ministry official said yesterday. The long-awaited legislation aims to level the playing field for businesses and protect consumers by reducing unethical and […]

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Bank Indonesia: Govt Has Done A Good Job in Controlling Inflation

TEMPO.CO, Jakarta –  The Governor of Bank Indonesia Agus Martowardojo said that the government has done a good job in controlling inflation this year. “I see major improvements,” he said when accompanying Trade Minister Enggartiasto Lukita inspecting the affordable market program in Jakarta yesterday. Aside from central and local inflation control teams, Agus also highlighted […]

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Philippines: Inflation unlikely to hit 4% this year

MANILA, Philippines – Inflation is not likely to reach four percent this year despite the upward pressure on consumer prices over the past few months, monetary authorities and economists said over the weekend. Bangko Sentral ng Pilipinas Governor Amando Tetangco told The STAR inflation would not hit the higher end of the central bank’s two […]

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