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Philippines: 6% growth needed

ECONOMIC growth should top 6.0 percent over the next five years for the Philippines to pay off pandemic-related debt, Finance Secretary Carlos Dominguez 3rd said on Thursday. “The biggest challenge for the next administration is really to grow out of the debt that we incurred during the pandemic,” he said in a Bloomberg interview. The borrowings, he added, were “natural because […]

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Vietnam aims for export growth of 6-7% in 2021-2030

Vietnam aims for a healthy and sustainable trade partnership with all key partners. Deputy Prime Minister Le Van Thanh has signed off decision No.493 approving the country’s trade strategy until 2030, which targets export growth of 6-7% during the 2021-2030 period. Under the strategy, Vietnam’s exports are expected to expand by 8-9% in 2021-2025, and […]

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Philippines: BSP to closely supervise cash agents

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) will closely monitor and supervise cash agents as it ramps up efforts to achieve its twin goals of financial inclusion and payments digitalization. The central bank has partnered with the Alliance for Financial Inclusion (AFI) to launch the agent registry for cash agents. BSP Governor Benjamin […]

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Thailand: Cost to build homes up 5.3%

The average cost of constructing a home rose 5.3% year-on-year in the first quarter of 2022 as a result of the Russia-Ukraine war, according to Vichai Viratkapan, acting executive director of Real Estate Information Center. Service fees in the category of construction design and system works increased, particularly for structural engineering. Mr Vichai said the […]

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