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Philippines: Insurers feel pinch of high consumer prices

MANILA, Philippines — The insurance industry is expecting a difficult year as consumers feel the pinch of high commodity prices due to global developments, even as the world slowly recovers from the health crisis. Insurance firm AXA Philippines maintained that predicting the market remains difficult as of now given market volatility and rising costs that […]

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Cambodia: Tourism up 560 per cent over 2021

Minister of Tourism Thong Khon said that in the first seven months of 2022, Cambodia has received more than 740,000 international tourists – an increase of 560 per cent compared to the same period in 2021. He added that the re-opening of all socio-economic activities had boosted major tourist destinations such as Siem Reap, Phnom […]

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Vietnam: Cashless payments take over the streets

Cashless payments made through scanning QR codes or other online payment methods at grocery stores or roadside eateries are becoming a bigger habit of many Vietnamese consumers. Not only popular in commercial centres and supermarkets, but modern payment methods via internet banking, e-wallets, and QR codes are also now more likely to be accepted and […]

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Philippines: DTI to monitor sugar prices

MANILA, Philippines — Sugar will be included in the list of basic and prime commodities that the government regularly monitors, according to the Department of Trade and Industry (DTI). “Sugar will be included in our regular monitoring in the coming days as directed by the President,” Trade Undersecretary Carol Sanchez said in a Viber message […]

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