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Philippines: Vehicle sales zoom over 4-fold in May

MANILA, Philippines — Vehicles sales accelerated over four-fold in May as the easing of quarantine restrictions in the metro, coupled with a comparatively lower base last year, fueled a surge in consumer demand. A joint report from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association Inc. (TMA) released yesterday […]

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Cambodia: Kingdom tops ASEAN in social security spending

Spending only 1.4 percent of its gross domestic product (GDP) on a social safety net, Cambodia outranks ASEAN contemporaries in its relief to financially vulnerable people during the pandemic but continues to lag globally, Moody’s Investor Service reported yesterday. Moody’s placed Cambodia in “Group 2” (the second best) out of five tiers ranking social safety […]

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Malaysia: Increased investment may convince investors to stay

PETALING JAYA: Malaysia’s increased investments in the first quarter of this year may convince investors to stay, thus, opening up employment opportunities, especially for fresh graduates, the Department of Statistic Malaysia (DOSM) said. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin (pic) said according to data from the Ministry of International Trade and Industry (Miti), […]

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Thailand: Industry urges rethink on token ban

The Thailand Digital Asset Operators Trade Association (TDO) is seeking a revision following the Securities and Exchange Commission’s (SEC) recent ban on trading of meme-based tokens such as Dogecoin, fan-based tokens, non-fungible tokens (NFTs) and exchange-issued tokens. The TDO condemned the regulator’s decision, saying the new rules give a competitive advantage to Bitkub’s KUB coin […]

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Philippines: SEC targets financing, lending firms in dirty money crackdown

MANILA, Philippines — The Securities and Exchange Commission (SEC) is mandating all financing and lending companies to submit a program aimed at preventing money laundering and terrorist financing. All entities seeking to operate as financing and lending companies must submit their respective anti-money laundering and terrorist financing blueprint not later than June 21. “As covered […]

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