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Philippines: BOP surplus hits $3.1 billion in January

As government borrows more MANILA, Philippines — The Philippines posted a two-year high balance of payments (BOP) surplus of $3.08 billion in January, reversing the $102 million deficit incurred a year ago, as the Marcos administration forayed into the offshore debt market early this year. Data released by the Bangko Sentral ng Pilipinas (BSP) showed […]

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Thailand: Alipay predicts jump in mobile payments

Alipay Thailand expects mobile payments made by Chinese travellers in Thailand to surge this year thanks to China’s reopening. During Chinese New Year between Jan 21-27, Alipay mobile app payment volumes made by Chinese visitors in Thailand grew by 150% year-on-year. Chinese visitors stayed in the country for an average of 4.18 days during the […]

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Thailand eyes more mini-FTAs in China

Thailand wants to sign mini-free trade agreements (mini-FTAs) with the Chinese city of Shenzhen and the province of Yunnan in March and April, respectively, after the mini-FTA with Hainan resulted in a significant growth of Thai exports. Commerce Minister Jurin Laksanawisit said that after discussions in Bangkok with Shen Danyang, the executive vice-governor of China’s Hainan province, […]

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Philippine shares close lower on rate-hike worries

MANILA, Philippines — The Philippine stock market fell yesterday as investors stayed on the sidelines ahead of the Federal Reserve meeting The benchmark Philippine Stock Exchange Composite index (PSEi) closed at 6,744.12, down by 34.90 points or 0.51 percent. Likewise, the broader All Shares index slipped to 3,607.75, down by 13.94 points or 0.38 percent. […]

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