MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is tightening the guidelines for registration of banks and non-bank financial institutions venturing into electronic money services based on their size, complexity of operations and systemic importance. In a draft circular, the BSP said it aims to promote a safe, efficient and inclusive digital finance ecosystem […]
Read MorePrime Minister Hun Sen yesterday appealed to people to calm down as gasoline prices hit another high peak, citing that global crude oil has been on surge as the Russian-Ukraine crisis threatened to disrupt global supply. The Ministry of Commerce and Ministry of Mines and Energy, which is responsible for regulating gas prices, issued on […]
Read MoreThe Ministry of Finance (MoF) has proposed the Government extend the casino pilot program until 2024 due to the impact of the pandemic and add two casinos in Da Nang City and Khanh Hoa Province to the trial list. Specifically, the ministry suggested the Government add two casinos namely a casino business project on Hon […]
Read MoreTHE Philippine economy is likely to grow 6.5 to 7 percent this quarter, listed Rizal Commercial Banking Corp. projected, but warned that higher oil prices due to Russia-Ukraine tensions is a key risk to expansion. RCBC chief economist Michael Ricafort said in a briefing that his forecast took into consideration base effects because the gross […]
Read MoreTwo Thai budget airlines have announced flights to Cambodia in a bid to spur bilateral tourism after the Covid-19 crisis, with one of them newly launching air links with the country, according to tourism ministry officials and representatives from the Kingdom’s main travel agent association. The Ministry of Tourism on February 27 announced that Thai […]
Read MoreVietnamese tourism is planned to reopen on March 15, but a labour shortage threatens its recovery. Nguyen Vu Khac Huy, director of Vina Phu Quoc Travel LTD, underlined the labour supply as the key to tourism recovery. He said his company had been recruiting experienced employees since late 2021 but to little avail. It seems difficult […]
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