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Philippines – BSP: Home property prices fell in Q1

Residential property values plunged in the first quarter of 2021 as prices for various types of housing units declined, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend. The central bank’s Residential Real Estate Price Index (RREPI) contracted by 4.2 percent year-on-year and by 1.6 percent quarter-on-quarter “due to the subdued demand for residential […]

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Cambodia: New commercial arbitration rules enter into force

The National Commercial Arbitration Centre of the Kingdom of Cambodia (NCAC), an independent not-for-profit organisation, will implement its new rules and fee structures today. The organisation has seen and administered 27 proceedings worth approximately $80 million since its founding. The new rules aim to make the NCAC a more viable solution for businesses to settle […]

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Thailand: New curbs spur relief calls

The private sector is calling on the government to roll out relief measures to lessen the impact of the latest Covid-19 control measures which come into effect today, including a ban on dining-in at restaurants across high-risk areas. Published on the Royal Gazette‘s website late on Saturday night, the restrictions apply to Bangkok, Nakhon Pathom, Nonthaburi, Samut […]

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Philippines seen last to adjust rates in ASEAN

MANILA, Philippines — After leaving interest rates unchanged at all-time lows, the Bangko Sentral ng Pilipinas (BSP) is expected to be one of the last central banks in the ASEAN to adjust its interest rates. UK-based Pantheon Macroeconomics said the BSP is likely to be one of the last central banks in ASEAN to start […]

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