MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is amending its rules on deposit accounts with the acceptance of electronic signatures and the national ID as sufficient proof of identities. In a draft circular, the regulator amended the miscellaneous rules on deposits under Section 276 of the Manual of Regulations for Banks (MORB) to […]
Read MoreAccording to a survey by Chainalysis, Vietnam’s cryptocurrency market has grown by 881 percent year-on-year, ranking first out of 154 countries in the “Global Cryptocurrency Adoption Index 2021” ranking. Financial product comparison website Finder.com has also published a survey report on the countries with the highest rates of using and owning cryptocurrencies. Accordingly, Vietnam is […]
Read MoreThe baht opened at 32.74 to the US dollar on Monday, weakening from last week’s closing rate of 32.65. The Thai currency is likely to move between 32.65 and 32.80 during the day and between 32.50 and 32.90 this week, Krungthai Bank market strategist Poon Panichpibool said. Poon predicted that the baht would drift sideways […]
Read MoreMANILA, Philippines — The electronics sector, the country’s top exporter, will continue to record strong gains for the remaining months of the year despite global supply chain disruptions. In its weekly economic preview, market intelligence firm IHS Markit said global demand for electronic products has been strongly rebounding from its lows last year and the […]
Read MoreCambodia may be wise to avoid a central bank digital currency (CBDC) because it may reduce revenue. Moody’s Investors Service says widespread adoption of CBDCs would be credit-negative for banks because of lower fees and commissions, especially for lenders that are active in foreign currency payments, clearing and remittances. Figures from consultancy McKinsey show that […]
Read MoreMANILA, Philippine — Corporate regulators warned the public against conducting business with unregistered foreign companies and entities to avoid losing their earnings. In a statement on Monday, the Securities and Exchange Commission cautioned that by dealing with these unregistered and unlicensed entities, the public runs the risk of losing their money once it’s transmitted outside the […]
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