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Philippines: Hot money reverts to net inflow in August

MANILA, Philippines — More foreign portfolio investments or speculative funds returned in August, reversing the net outflow in July, the Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Benjamin Diokno said in his weekly online press conference that foreign portfolio investments – also referred to as hot money – turned to a net inflow of […]

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Singapore: MAS grants crypto licences to DBS unit and Australian exchange; more licences expected to be issued

SINGAPORE – DBS Vickers on Friday (Oct 1) secured a Singapore licence to offer digital payment token services, while Australian cryptocurrency exchange Independent Reserve became the first foreign entity to be granted one. Examples of digital payment tokens are cryptocurrencies like Bitcoin, ether and litecoin.  Industry observers expect more such licences under the Payment Services Act […]

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Thailand: BoT chief forecasts unequal recovery

Economic inequality is expected to widen after the outbreak is controlled because lower-income earners will likely continue to suffer from the impact of the pandemic during an uneven recovery, says Bank of Thailand governor Sethaput Suthiwartnarueput. Thailand grappled with economic inequality and social injustice before the pandemic, which only aggravated such problems, he said. Fragile […]

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Vietnam: Which businesses and services allowed to resume operation in HCM City from Oct. 1?

HCM City authorities have issued a directive on measures to prevent and control the Covid-19 epidemic and recover the economy after September 30. The directive says eight groups of businesses and services and the types of organizations are allowed to operate as of October 1, including: 1. State agencies, political, socio-political and professional organizations, central […]

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