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Thailand: Baht could gradually weaken

The baht opened at 32.66 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 32.60. The Thai currency is likely to move between 32.60 and 32.75 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said foreign investors decided to sell their assets in Thailand due to uncertainty caused by […]

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Cambodia’s Advanced Bank of Asia (ABA) partners Thunes to make instant cross-border transfers to bank accounts

Thunes, a leading global payments network, has announced a partnership with ABA Bank (“ABA”) that enables Cambodians overseas to send money back home quicker and cheaper from around the world. Previously, customers making international money transfers to Cambodia had to pay high fees averaging close to 12% on a $200 transfer and wait several days […]

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Philippine pork production seen falling 40% to pre-ASF level

MANILA, Philippines — Despite a projected increase in global pork production this year, the Philippines’ pork output is seen to decline nearly 40 percent than its production prior to African swine fever (ASF), according to the United States Department of Agriculture (USDA). In its latest report, the USDA-Foreign Agricultural Service (FAS) said Philippine pork production […]

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Thailand: Digital regulation draft bill a double-edged sword

A draft of a royal decree meant to regulate digital platforms providing services in Thailand has drawn criticism among legal and tech experts about its impracticality over stringent requirements. The Electronic Transactions Development Agency (ETDA) is set to unveil a draft royal decree on regulating digital platforms which are subject to prior notifications for public […]

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