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Philippines: BSP sets rules for payment system

MANILA, Philippines —  The Bangko Sentral ng Pilipinas (BSP) has issued rules for the participants in an infrastructure that provides real-time settlement of payments, funds transfer instructions, and other obligations individually on a transaction-by-transaction basis to ensure the smooth flow of funds in the financial system. BSP Governor Felipe Medalla said that the Peso Real […]

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Thailand: Pricey low-rise sector grows

Demand for high-priced low-rise houses continued to grow for two consecutive quarters, with market value in the third quarter soaring by 58% from the second, while developers launched new supply in this segment. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said low-rise houses priced 20 million baht and higher posted significant growth […]

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Cambodia: Kingdom’s economy to grow 5.4% in 2023

The Cambodian economy, which is projected to register a growth of 5 percent this year, is set to grow by 5.5 percent in 2023, according to the 2022 Annual Consultation Report on Cambodia published by the ASEAN+3 Macroeconomic Research Office (AMRO) yesterday. The report is based on AMRO’s Annual Consultation Visit to Cambodia from July […]

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Vietnam: Positive prospects in 2023

Vietnam’s economy is expected to have positive prospects in 2023 after witnessing stability in late 2022 with bright macroeconomic indicators amid the world’s difficulties. The Vietnamese financial market has witnessed positive changes in the last couple of weeks with exchange rate problems settled almost completely and inflation kept at a low rate. The corporate bond […]

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