MANILA, Philippines — The Philippines continues to make progress in addressing technical compliance deficiencies in its anti-money laundering and combating the financing of terrorism (AML/CFT) framework ahead of the deadline set by Paris-based global dirty money watchdog Financial Action Task Force (FATF). Based on the third follow-up report on the mutual evaluation of the Philippines, […]
Read MoreThe government has been looking at existing and new markets through the signing of protocols, agreements and memoranda to export Cambodian agricultural products to the world market, which is now threatened by food insecurity crisis The government, through the Ministry of Commerce, has been studying the possibilities of entering into FTAs with trading partners, including […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) believes the banking sector will delay raising the interest rate in line with the Bank of Thailand’s anticipated gradual policy rate hike. Under the policy rate hike trend in the second half of this year, banks may not react immediately to the interest rate increase […]
Read MoreRussia and Cambodia are considering a possibility to switch to national currencies in mutual settlements, Russian Ambassador to Cambodia Anatoly Borovik said in an interview with Sputnik. “In terms of cooperation in the financial sector, our partners are aware of the relevant Russian initiatives, they are being developed,” Borovik said when asked about a possibility […]
Read MoreThe number of Thai cryptocurrency trading accounts has fallen by 67% since January, according to the Securities and Exchange Commission (SEC). The sharp decline in active trading accounts, from 707,000 last December to 230,000 on July 25, stemmed from poor market sentiment resulting from macroeconomic policies, including interest rate increases, quantitative tightening, and economic slowdown. […]
Read MoreThe baht opened at 36.26 to the US dollar on Thursday, strengthening from Wednesday’s close of 36.28. The currency is expected to move between 36.10 and 36.30 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the currency market is in a risk-on state and might provide the dollar with support to […]
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