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Cambodia 2021-23 plan for economic recovery on way: minister

Cambodia is getting ready to launch a 2021-2023 plan to lift the economy out of the Covid-19 rut and chart a course for sustainable and inclusive growth, according to Minister of Economy and Finance Aun Pornmoniroth. Centred on enhancing competitiveness and promoting economic diversification, the plan will be firmly grounded on maintaining a strong industrial […]

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Thailand: BoT details blueprint for digital currency

The Bank of Thailand plans to test its Retail Central Bank Digital Currency (Retail CBDC) in next year’s second quarter, allowing all related parties to participate in the testing process. The central bank studied and surveyed Retail CBDC implementation with all stakeholders, including consumers, financial institutions, merchants, the government sector and others. Based on the […]

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Philippines: BSP sets moratorium on digital bank licenses

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has imposed a three-year moratorium on the grant of digital banking licenses starting next month to closely monitor the performance and impact of the new banking classification on the industry. In his weekly virtual press conference, BSP Governor Benjamin Diokno said the central bank’s Monetary Board […]

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Thailand: Bubble and seal efforts at CPF win plaudits

Charoen Pokphand Foods Plc (CPF) has won plaudits from the Public Health Ministry for its successful implementation of the bubble and seal measure, in line with the government’s aim to safeguard factory workers and communities against Covid-19 infections. Sathit Pitutecha, deputy public health minister, praised the company for correct implementation of public health measures concerning […]

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