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Philippines faces worsening sugar woes

MANILA, Philippines — The country has been reeling from a sugar shortage in the past few months following the sector’s missed production target caused by weather disturbances and high input costs, as well as delayed implementation of an order to import the sweetener. This has pushed retail prices of sugar beyond P100 per kilogram in […]

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Vietnam: A tall order

The Vietnamese dong currency remains remarkably stable while other currencies are sliding against the U.S. dollar. This situation makes foreign exchange rate management increasingly difficult. Foreign exchange rate under pressure. Foreign exchange rate under pressure Only 53 days after a VND200 per dollar hike, the selling price of the greenback on July 4 was adjusted […]

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Philippines: BSP to tighten regulation of pawnshops

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to raise the bar of the reporting governance framework for pawnshops, as the industry continues to expand its range of products and services that it offers to the public. The regulator is set to adopt the new reporting governance framework as it recognizes that […]

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