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Lockdown forces cash-dependent Filipinos to go cashless

MANILA, Philippines — Stuck at home during the enhanced community quarantine, Mark Andrew Francisco, 30, from Rizal province has resorted to paying his bills online, something he has not tried doing before. “I’ve always preferred lining up in a branch to pay my dues because my payments get credited real-time, unlike if you pay online, […]

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Cambodia: Sharp drop in wages sent back to Kingdom

Cambodia is to join the ranks of declining overseas worker remittances this year after the World Bank projected global remittances will decline sharply by about 20 percent in 2020 because of the economic crisis induced by the COVID-19 pandemic and consequent business shutdowns The projected fall, which would be the sharpest decline in recent history, […]

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Philippines: Duterte gov’t braves volatility, raises $2.35 billion from dollar global bonds

MANILA, Philippines — The Duterte administration braved financial market volatility and raised $2.35 billion in funding from fresh issuance of US dollar-denominated global bonds, proceeds of which will be used to respond to the coronavirus outbreak. In a statement on Tuesday, National Treasurer Rosalia de Leon said the government raised $1.35 billion from floating 25-year […]

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