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Philippines: Government raises P453 billion from fuel marking

MANILA, Philippines — Revenue collectors have raised more than P453 billion worth of taxes through the fuel marking program by reinforcing their combined efforts against potential oil smuggling. Finance Secretary Carlos Dominguez said yesterday the Bureau of Customs and the Bureau of Internal Revenue (BIR) added P453.43 billion to state coffers through fuel marking as […]

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Bank of Laos Limits Daily Foreign Exchange Transactions

The Bank of the Lao PDR (BOL) has announced that commercial banks and currency exchange providers will be subject to new limits on the sale of foreign currencies. A new Decision on currency exchange services for commercial banks and exchange booths limits the sale of foreign currency to LAK 15 million per individual, per day. Individuals must […]

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Cambodia to get new border crossing to Vietnam: PM

Prime Minister Hun Sen on Monday announced the establishment of a new border crossing to Vietnam in Tboung Khmum province, aimed at boosting trade and travel between the neighbours. Mr Hun Sen was speaking at Koh Thma to commemorate the 45th Remembrance Day of the “Journey to Overthrow the Pol Pot Genocidal Regime.” The establishment […]

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Philippines: Rates for 10-year T-bonds hit 7.4%

MANILA, Philippines — Rates for 10-year Treasury bonds nearly hit 7.4 percent yesterday, as investors anticipate an aggressive rate hike from the Bangko Sentral ng Pilipinas (BSP) to tame inflation. The Bureau of the Treasury yesterday borrowed P34.892 billion of the P35 billion it programmed to raise from the auction of original 10-year T-bonds. The […]

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