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Philippines: BSP tightens rules for payment systems

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has raised the bar anew for designated payment systems (DPS) amid the surge in digital transactions due to mobility restrictions brought about by the pandemic. BSP Governor Benjamin Diokno said the Monetary Board issued Resolution 1132 last Aug. 26, approving the adoption of the Principles for […]

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Cambodian tourism sector anger as Vietnam and Thailand partially open for tourists – but Kingdom remains firmly shut

Cambodia’s hospitality industry is up in arms after Vietnam and Thailand partially open for tourists, under strict conditions, but the Kingdom remains firmly shut to such trials despite being more in control of the pandemic. This comes as news broke that Vietnam’s Phu Quoc Island will be open for “fully vaccinated” tourists from the beginning […]

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Vietnam: GDP to reach 3.5-4 per cent this year

The country’s GDP this year is expected to reach 3.5-4 per cent if the COVID-19 pandemic is controlled in September and a ‘new normal’ achieved from the fourth quarter, said Minister of Planning and Investment Nguyen Chi Dung. Viet Nam’s exports this year would increase by 10 per cent while State budget revenue will exceed […]

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