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Philippines: NEDA pushes early passage of rice tariff bill

Move seen to stabilize prices, temper inflation MANILA, Philippines — The National Economic and Development Authority (NEDA) urged lawmakers yesterday to immediately pass the rice tariffication bill, stressing that easing rice importation can slash a percentage point off headline inflation which is expected to remain within the five percent level until the third quarter this […]

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Thailand: Digital asset licences at hand

The Finance Ministry’s announcement on approving digital asset licensing took effect Tuesday, and interested parties can apply for licences from the Securities and Exchange Commission (SEC).  Existing businesses that already operate a digital asset business or newcomers interested in obtaining licences as brokerage firms, traders or trading centres for digital assets can apply for official licences at […]

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Singapore: MAS tells financial institutions to tighten customer verification

ADDRESSING the potential risk that information stolen during the cyber attack on SingHealth may be used by fraudsters to impersonate customers and perform unauthorised financial transactions, the Monetary Authority of Singapore (MAS) has ordered financial institutions to tighten their customer-verification processes. With immediate effect, all financial institutions should not rely solely on the types of […]

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Thailand: RISE IN BORDER TRADE

Thailand’s border trade amounted to Bt678.62 billion in the first half of this year, up 6.78 per cent from the same period last year, Foreign Trade Department deputy director-general Wanchai Varavithya said yesterday.   Up to Bt386.55 billion in trade value came from Thai exports to neighbouring  countries, a drop of 0.79 per cent from […]

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