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Vietnam central bank to tighten lending with stricter standards

The State Bank of Vietnam (SBV) is mulling over stricter lending regulations, especially to finance purchases of properties and stocks, according to inside sources. The State Bank of Vietnam (SBV) is mulling over stricter lending regulations, especially to finance purchases of properties and stocks, according to inside sources. Banking regulators have sounded the alarm over […]

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Cambodia: GDT to strengthen tax procedures in mine sector

The General Department of Taxation or GDT has said it will strengthen tax collection procedures in the mining sector in response to the sector’s growth through investment projects in Cambodia. Director-General Kong Vibol’s comments came while he led a delegation to inspect the progress of the mine extraction operation of Renaissance Mineral (Cambodia) in Mondulkiri […]

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Philippines: BSP seen hiking rates until Q1 next year

MANILA, Philippines —The Bangko Sentral ng Pilipinas (BSP) may raise its interest rates gradually by 25 basis points until the benchmark rate hits four percent in the first quarter of 2023 to anchor inflation expectations, according to ANZ Research. In a report, ANZ said it expects back-to-back rate hikes from the BSP as the evolution […]

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Philippines: Strong dollar, not weak peso

As part of its service to clients, my bank sends me an SMS message by midmorning daily to inform me of the day’s exchange rate. I hardly gave it much attention until last Friday. The peso finally is at the P55 to $1 rate. I shouldn’t worry about it. I am not planning to travel […]

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