MANILA, Philippines — The peso extended yesterday its losing streak to six trading days, slumping to a new record low of 57.18 to $1, 4.5 centavos weaker than Wednesday’s 57.135. The local currency, which has been hitting all-time lows since Friday last week, opened stronger at 57.07 and strengthened to an intraday high of 57.06. […]
Read MoreThe Revenue Department plans to propose a draft law on the exchange of financial account information of non-residents to the cabinet, according to director-general Lavaron Sangsnit. He said parliament ratified the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information on Sept 6. The agreement provides a standardised mechanism to facilitate the automatic […]
Read MoreThai Oil Plc (TOP), Thailand’s the largest oil refining company by capacity, is looking forward to pouring its investment in Vietnam, Indonesia and India, in the fields of oil refinery, lube oil and high-value petrochemical products. TOP expects bright prospects from business expansion into these countries. According to The Bangkok Post, the Thai firm has […]
Read MoreThe earnings growth of Asia-Pacific emerging market companies in 2022 relative to the pre-pandemic year of 2019 is set to outperform that of developed market companies, according to a new report by Moody’s Investors Service. Yet ongoing political tensions and uncertain economic conditions will present risks to recovery, the international ratings agency said. “On aggregate, the […]
Read MoreKUALA LUMPUR: Malaysia’s central bank raised its benchmark interest rate for the third straight meeting on Thursday (Sep 8), as it looks to tame rising inflation. Bank Negara Malaysia (BNM) lifted its overnight policy rate by 25 basis points to 2.50 per cent, as expected by 19 of 20 economists polled by Reuters. BNM said […]
Read MoreVietnam is among the top 10 countries with the largest number of cryptocurrency holders, posing a high risk of money laundering and being a route for criminals to exploit for terrorist activities. Vietnam has a large crypto community, but the fact that cryptocurrencies are not considered legal tender and exchanges has heightened the risk of money laundering […]
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