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Thailand: BoT delays publication of virtual bank rules to Q3

The Bank of Thailand has postponed the issuance of virtual bank regulations until the third quarter of this year because it needs more time to clarify the new business licensing with related parties. Central bank governor Sethaput Suthiwartnarueput said the regulator has received numerous inquiries about the new virtual bank licences from interested business operators. The […]

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Cambodia-Vietnam pact to facilitate cross-border trade

Commerce Minister Pan Sorasak said that the border trade agreement between Cambodia and Vietnam would be a mechanism to facilitate cross-border trade between the two countries. On Monday, the minister led a delegation of ministry officials to the Ninth Committee of the Senate to defend the draft law on the approval of the border trade […]

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Philippines: Dollar-hedging facility rules tweaked by BSP

MONETARY authorities have approved operational amendments and expanded the coverage of a dollar-hedging facility in a bid to ease pressures in the foreign exchange (FX) spot market. “The lessons from last year’s weakness in the peso show that spillover of risks is inevitable in an increasingly global and interconnected world,” Bangko Sentral ng Pilipinas (BSP) […]

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