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Philippines: Banks ordered to monitor deposit accts used in online transaction

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is clamping down on online foreign exchange brokerage and trading platforms organized abroad to protect the interest of investors. BSP Governor Nestor Espenila Jr. issued Memorandum M-2018-032 reminding all banks to deal only with companies involved in or operating online foreign exchange brokerage and trading platforms that are authorized or licensed by, […]

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Indonesia, UK seek to boost economic ties

Indonesia and the United Kingdom have expressed a wish to strengthen bilateral relations between the two countries amid rising global protectionism sparked by the trade war between the United States and China. Speaking at the Indonesian Briefing forum in London recently, Indonesian Ambassador to the UK Rizal Sukma stressed the importance for both countries of […]

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Vietnam: Tackling FDI flaws, key to prosperity

The Hanoitimes – According to Phan Huu Thang, former director of the Foreign Investment Agency under the Ministry of Planning and Investment, if prompt solutions were not taken, the dark side of FDI money would possibly outweigh the bright side. Looking back at 30 years of attracting foreign capital investment, Phan Huu Thang, former director of […]

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