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Vietnam gov’t pushes for wider use of cashless payment

The Hanoitimes – Cash has constituted 11.3% of total means of payment as of December 31, 2019. Prime Minister Nguyen Xuan Phuc has issued a directive No.22 urging stronger measures in adopting cashless payment in Vietnam. Under the directive, after nearly four years since the implementation of a national plan on cashless payment development in the […]

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Additional measures to assist virus-hit economy in Cambodia

The Royal Government of Cambodia has announced additional measures to assist COVID-19-affected private sector and factory workers and to restore the economy after the crisis. The measures, the fourth round of its kind, are aimed to maintain the economic and social stability, particularly to keep the stability of virus-hit businesses during this hard time. For […]

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Philippines: Loans to large firms RRR compliant, BSP says

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has expanded the coverage of relief measures to include large enterprises affected by the economic fallout from the coronavirus pandemic. BSP Deputy Governor Chuchi Fonacier said loans extended by banks after March 15 to large enterprises with an asset size of more than P100 million, excluding […]

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Bankruptcy court accepts THAI case

The Central Bankruptcy Court has accepted the Thai Airways International (THAI) case and set the first hearing for August. The court said on Wednesday the first hearing would start at 9am on Aug 17. It ordered its acceptance of the case be announced in at least one daily newspaper at least twice, no more than […]

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Myanmar tourism businesses prepare to reopen

Myanmar tour companies are preparing to organise tours again, which had been suspended since February as part of the government’s efforts to prevent the spread of COVID-19, an official of a local travel association said. Daw Aye Thida Moe, vice chair of the Union of Myanmar Travel Association, said tour companies are awaiting government guidelines […]

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