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Vietnam: Inflation rate rises, new interest rates set

Some commercial banks have raised deposit interest rates following an 8-year inflation rate high in February. Analysts believe a new interest rate floor will be set in the second quarter. Techcombank and VPBank’s moves of raising deposit interest rates in early March have been followed by a series of other banks. Agribank and Vietcombank, two […]

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Philippines risks double-dip recession

MANILA, Philippines — The renewed tighter restrictions in the capital due to surging COVID-19 cases may put the Philippine economy at risk of a double-dip recession, a global think tank said, but the government maintained that the economy remains on track for recovery and growth. In its latest economic monitor, UK-based Pantheon Macroeconomics said the […]

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Thailand: SEC prepares wallet for digital assets

In collaboration with 14 state agencies, the Securities and Exchange Commission (SEC) is planning to create a “government digital wallet” to store all digital assets seized or frozen by the state as proceeds of crime in order to make the assets more secure. The wallet will also improve the SEC’s efficiency in enforcing the Digital […]

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