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Philippines: Govt debt payments hit P60B in July

Lower amortization expenses pulled down the national government’s debt servicing in July by more than 30 percent compared to the payments done a year ago, data released by the Bureau of the Treasury showed. Debt payments in July settled at P60.91 billion, shrinking by 34.12 percent from the P92.46 billion recorded a year earlier. Interest […]

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Malaysia: Banks gear up to face headwinds

PETALING JAYA: With the banking sector’s dismal second-quarter performance, industry captains are not wasting any time as they gear up to navigate headwinds and improve bottom lines for this year and next. Malaysian banks’ earnings have been weighed down by large modification losses, pre-emptive provisions and significant margin compression. The modification charges came about as […]

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Revenue soars, but casinos in Vietnam still taking a loss

Casinos are considered a ‘sensitive business’ in Vietnam. Though regulations have been loosened, they are still very strict. The Ministry of Finance (MOF) has released a report on the amendment of some provisions of Decree 03 on casino business management. Before the decree took effect, eight casinos had been licensed, including seven operating ones. After […]

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