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Philippines: Inflation seen back at 2 to 4% target by second quarter of 2019

MANILA, Philippines — The Department of Budget and Management (DBM) expects inflation to settle within the government’s two to four percent target by the second quarter, a top official said yesterday. During his weekly press briefing, Budget Secretary Benjamin Diokno said inflation may continue to ease in the coming months, and settle back within the government target for 2019. “Around second quarter,” Diokno […]

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Hundreds of unlicensed P2P lenders still operating in Indonesia

The Financial Services Authority (OJK) has found that 231 illegal peer-to-peer lending (P2P) providers, including those from other countries, have been operating in the country since January. The OJK reported its findings on Wednesday, revealing that the lenders were based on websites, applications uploaded to the Google PlayStore and Instagram. OJK investment alert task force chairman Tongam […]

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Emirates launches route connecting PP, Bangkok

Emirates will launch a daily service on June 1 linking Phnom Penh (PNH) and Bangkok (BKK). The service from Phnom Penh to Dubai, via Bangkok, will provide more flight options to passengers travelling between the capitals of Cambodia and Thailand. Travellers from the Southeast Asian nations will enjoy connectivity to over 150 destinations in 86 […]

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Vietnam to increase cassava exports

HANOI (Xinhua) – Vietnam’s Ministry of Industry and Trade as well as Ministry of Agriculture and Rural Development are working with Chinese partners to facilitate cassava starch production and trading enterprises to export to the Chinese market, local media reported yesterday. Large-scale cassava factories and household-scale facilities in Vietnam are being encouraged to improve their […]

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Myanmar: QR code payment system set to launch this year

The Central Bank of Myanmar is set to implement a standardised national payment system by this year, says CBM Vice Governor U Bo Bo Nge. Daw Than Than Swe, director general of the CBM’s Financial Institutions Regulation Department, said to the Myanmar Times that the system will cover international payments, mobile wallets and all mobile network operators. […]

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