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Philippines: Customs eases e-CO processing with ASEAN

MANILA, Philippines — The Bureau of Customs (BOC) said yesterday it has released new guidelines to facilitate the processing of electronic Certificates of Origin (e-CO), a move which is seen to ease trade regulations between the Philippines and other member-countries of the Association of Southeast Asian Nations (ASEAN). Customs commissioner Rey Leonardo Guerrero issued last March 18 a customs memorandum order […]

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Laos: E-visa to go online in June

The Ministry of Foreign Affairs plans to launch an electronic visa (E-visa) service in June that will enable foreign visitors to apply for entry visas online. All international visitors to Laos will be eligible to apply online for a single entry visa with a planned maximum stay of 30 days, a senior official in charge […]

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Singapore’s top law firm sees cracks in South-east Asia’s credit markets

[SINGAPORE] Cracks are showing in South-east Asia’s credit markets as struggling companies in troubled industries seek to repair their balance sheets, according to Rajah & Tann Singapore LLP, which manages the largest network of corporate lawyers in the region. The law firm, which has handled local units of Lehman Brothers Holdings and MF Global in their bankruptcy cases, said […]

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Cambodia: Kingdom’s insurers enjoy premiums rise

The Kingdom’s insurance industry generated more than $190 million in gross premiums last year – an increase driven by life insurance of nearly 30 per cent over the previous year – the Insurance Association of Cambodia (IAC) said. A press release obtained by The Post on Monday showed that the industry’s total gross premiums last […]

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Forex fluctuations hit Thai shipments

FLUCTUATIONS in foreign exchange rates have impacted Thai shipments particularly to Argentina and Turkey whose currencies saw sharp depreciation last year, according to Commerce Ministry’s recent study. Pimchanok Vonkorpon, director of the ministry’s Trade Policy and Strategy Office, said that based on the study, the Sudanese pound fluctuated the most – by 164.6 per cent […]

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Philippines: ERC OKs lower feed-in tariff allowance rate

MANILA, Philippines — The Energy Regulatory Commission (ERC) has approved a lower feed-in tariff allowance (FIT-All) rate, which covers payments to renewable energy developers. The FIT-All rate will help mitigate the increase in consumers’ electricity bills during the summer season. In an order, the ERC allowed the National Transmission Corp. (TransCo) to collect 22.26 centavos […]

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