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Cambodia: Four potential products identified for GI list

Four products have been identified as potential geographical indication (GI) products, aimed at promoting the culture, tradition, customs, and tourism in Cambodia. The Ministry of Commerce has worked on four potential products namely “Kampot-Kep Salt and Flower of Salt”, “Kampong Som Dried Shrimp”, “Koh Kong Dried Shrimp” and “Siem Reap Fish Prahok” for listing as […]

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Thailand: Department ramps up piracy inspections as tourists return

The Intellectual Property Department vows to tighten its inspection of pirated products, especially in tourist destinations, as they are projected to proliferate after the country’s reopening. According to deputy director-general Jittima Srithaporn, the department recently had discussions with the Royal Thai Police, the Department of Special Investigation, the Customs Department, owners of trading areas and […]

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Philippines: BSP seen raising rates up to 4.5%

MANILA, Philippines — Foreign banks are expecting the Bangko Sentral ng Pilipinas (BSP) to aggressively hike key policy rates by a total of 125 basis points to bring the benchmark rate to 4.50 percent by the end of the year. This would be the highest interest rate since the 4.75 percent level in February 2019. […]

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Crypto bankruptcy adds to Thai woes

The collapsing value of Thai digital assets has been exacerbated by the bankruptcy of US-based Celsius Network, following months of rapidly deteriorating sentiment in the global and domestic cryptocurrency markets and a series of insolvencies among high-profile crypto lenders. The trading value of digital assets in Thailand plunged from 180 billion baht in December 2021 […]

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