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Philippines: BSP releases new rules on consumer assistance

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is further strengthening its consumer protection framework with new rules on consumer assistance mechanism (CAM), mediation and adjudication set to take effect in May. BSP Governor Felipe Medalla said the regulator has approved the rules of procedure to effectively carry out the objectives of Republic Act […]

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Vietnam needs $13.3 billion to develop seaports

Việt Nam would need VNĐ312.6 trillion (US$13.3 billion) to develop the seaports system by 2030, according to the Ministry of Transport. HÀ NỘI — Việt Nam would need VNĐ312.6 trillion (US$13.3 billion) to develop the seaports system by 2030, according to the Ministry of Transport. Specifically, 78 per cent of the capital would be reserved […]

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Malaysia: Growth of 4% to 5% expected this year

KUALA LUMPUR: The economy is projected to expand between 4% and 5% this year, mainly driven by firm domestic demand, says Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunus. Nor Shamsiah said household spending will be an important catalyst for domestic demand and is projected to expand at a moderate pace of 6.1% this […]

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Thailand: Ministries told to monitor prices at hotels, eateries

Prime Minister Prayut Chan-o-cha has directed relevant agencies to keep an eye on prices at hotels and restaurants, which have reportedly skyrocketed following the rapid recovery of tourism. He also ordered responsible agencies to cooperate with business operators to ensure they charge fair prices for their services, preventing profiteering that may mar the country’s tourism image […]

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