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Philippines: Peso falls anew, ends at 54.47:$1

MANILA, Philippines — The peso continued its losing streak yesterday, depreciating by another 20.5 centavos to close at its weakest level in nearly 17 years, a day before the anticipated interest rate increase by the Bangko Sentral ng Pilipinas (BSP). The peso closed at 54.470 from Tuesday’s 54.265 to $1. It opened weaker at 54.30 […]

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Thailand at risk of fuel crunch with imported gas too pricey

The government is curbing imports of liquefied natural gas due to surging prices, potentially putting the country at risk of fuel shortages. State-run importers cut purchases of LNG from the spot market because of skyrocketing prices and limited availability, according to traders. And while they plan to boost purchases of cheaper alternatives, like diesel and […]

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Logistics firms seek China-Cambodia train connection

Thirty local logistics firms – members of the Cambodian Logistics Association – are seeking the possibility of a train service between China and Cambodia connecting Laos and Thailand. The Cambodian delegation of logistics attended a meeting held this week in Laos on a project to discuss high-speed rail links including China, Vietnam, Laos, Thailand and […]

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Philippines: Reforms needed to keep remittances robust – ADB

MANILA, Philippines — The Philippines and other Asia-Pacific economies reliant on remittances must implement policy reforms and boost digitalization efforts to ensure that money sent from abroad will remain strong and resilient despite the pandemic, according to the Asian Development Bank (ADB). In its latest blog, the ADB said remittances sustained their strong pace in […]

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