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Thai central bank expects GDP growth of 3.3% in 2022

BANGKOK: Thailand’s central bank expects the country’s economy to grow by 3.3% this year. This was the view expressed by its deputy governor Mathee Supapongse, who said that it would be supported by consumption and the return of tourists. Mathee, who was speaking at a business seminar in the Thai capital, added that the economy […]

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Philippines: BSP to deface unfit coins

TO maintain the integrity of the Philippine currency, the Bangko Sentral ng Pilipinas (BSP) retired 519.93 metric tons of unfit, demonetized, mutilated and counterfeit (UDMC) coins through defacement. In a statement on Wednesday, BSP said that the coin defacement was undertaken beginning October 2021 until September 2022. Coin defacement, done via machine, involves a process […]

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Thailand urged to sign mini-FTAs at Apec events

Thailand can use the Apec Summit and its side meeting, the Apec CEO Summit, to forge more cooperation under “mini-free trade agreements” (mini-FTAs) as part of efforts to brace for a global economic slowdown next year, says the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB). A mini-FTA can boost Thailand’s trade and investment faster […]

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Vietnam: More startups use Blockchain technology

Vietnam is among the countries with a high number of companies using Blockchain. It is also among the leading countries in the digital asset adoption index ranked by Chainalysis. In August 2022, Genetica, a Vietnamese startup in the field of gene decoding, began providing GeneNFT service. For the first time Vietnamese users can see their […]

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