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Philippines: Proposed 2022 budget ‘too small’ to rescue pandemic-hit economy — IBON

MANILA, Philippines — President Rodrigo Duterte’s proposed P5.024 trillion budget for 2022 is “too small” to stimulate demand in the consumption-starved economy and adequately respond to the pandemic, a non-government think tank said. “The Duterte administration is not spending enough to stimulate the economy and, moreover, is not even spending on health, ayuda (aid), and small […]

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Thailand: Digital lawbreakers face fines

The Digital Economy and Society (DES) Ministry has warned digital service providers face a fine of 500,000 baht if they break an updated law requiring the retention of their users’ computer traffic data. On Aug 13, the Royal Gazette published the DES Ministry’s new criteria for the retention of computer traffic data by service providers. This notification […]

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BI explores inter-country QR cooperation with Malaysia

After ASEAN, one of the countries interested in the cooperation is Saudi Arabia Jakarta (ANTARA) – Bank Indonesia (BI) is exploring the cooperation of inter-country quick response (QR) with the central bank of Malaysia, Bank Negara after intensifying similar cooperation with Thailand recently. “We are sitting together closely with Malaysia,” BI’s Payment System Policy Department […]

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