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Thailand: Govt nod for B983m Cambodia loan

The cabinet on Tuesday approved a proposal to loan Cambodia 983 million baht to fund a new road construction project, said deputy government spokeswoman Traisuree Taisaranakul. The Budget Bureau will from 2024 until 2026 supply the first half of the road construction loans, 491.50 million baht, while the rest will come from overseas funding sources, […]

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Philippines: BSP renews push for easing of bank secrecy law

MANILA, Philippines —  A limited lifting of the bank secrecy law would increase the Philippines’ chances of getting an early exit from the gray list of Paris-based Financial Action Task Force (FATF), according to the Bangko Sentral ng Pilipinas. BSP senior assistant governor and general counsel Elmore Capule told the Senate committee on banks, financial […]

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Thailand: Parsing the minimum wage hike debate

As Thai workers feel the pinch of soaring living expenses, the government has announced plans to raise the daily minimum wage by October to help alleviate the burden. However, some analysts argue the key to raising the quality of the Thai workforce lies in productivity. Q: What are the details of Thailand’s minimum wage increase? The […]

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