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Philippines: Commentary: COVID-19 disrupts legacy banking

MANILA, Philippines — Over-the-counter banking will be among the casualties of the coronavirus disease 2019 (COVID-19) in the Philippines. A decline of up to 50% in branch-based operations can be expected in the wake of this pandemic. The effects of the nation’s collective trauma from this experience will persist long after the last patient recovers and […]

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Cambodia seeks Russia’s help for free-trade agreement

Cambodian government is seeking support from Russia to push the Cambodia- Eurasian Economic Union (EAEU) free-trade agreement in order to expand trade volume and economic cooperation between Cambodia and the bloc. The call was made during a meeting between Cambodia Ministry of Commerce’s Secretary of State Tek Reth Kamrong and Dmitry Tsvetkov, Russian ambassador to […]

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Thailand: Tourism goal raises eyebrows

The Tourism and Sports Ministry is aiming high for 100 million domestic trips within this year, while the private sector plays down this target, saying it will be difficult to meet. “This new domestic target is reachable because local travel is likely to resume first, particularly for government meetings and incentives, which the cabinet has […]

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Thailand: 17 new digital channels sequenced for education

The National Broadcasting and Telecommunications Commission’s (NBTC) board approved on Wednesday the sequencing of 17 new digital TV channels for education run by the Education Ministry, comprising channels No.37-53. These channels are projected to begin broadcasting on a temporary basis from July 1. Airing will end in six months. They are to serve as alternatives […]

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BNM: Malaysia has limited deflation risk in 2020

KUALA LUMPUR, May 13 — Bank Negara Malaysia said the risk of Malaysia falling into deflation is limited despite the expectation of headline inflation to turn negative this year. Governor Datuk Nor Shamsiah Mohd Yunus said for deflation to happen, the country would have to experience a prolonged and broad-based decline in prices, coupled with […]

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