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Philippines: Improving revenues shrink budget deficit in March

MANILA, Philippines — The government’s budget shortfall narrowed in March as revenue collections improved amid looser mobility curbs. What’s new Data released by the Bureau of Treasury on Wednesday revealed that the budget deficit shrank 1.97% year-on-year to P187.7 billion in March. In the first quarter, the deficit amounted to P316.8 billion, 1.44% smaller compared […]

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Cambodia: Cold storage shortage, Covid-19 hurt agriculture exports

The shortage of cold storage for transporting fresh agricultural products and strict measures in importing countries during Covid-19 have caused disruptions in the export of Cambodia’s agricultural products, said the Ministry of Agriculture, Forestry, and Fisheries. In a statement issued yesterday, the ministry said that the factors that affected the export of fresh agricultural products […]

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Vietnam: Generation Z and the future of cashless payments

According to statistics of the Vietnam Banks Association (VNBA), non-cash payment activities via the Internet grew by 48.8% in volume and 32.6% in transaction value in 2021 compared to 2020. At the same time, payment via mobile phone and QR Code channels increased by 76.2% and 87.5%, respectively. In contrast, the proportion of cash withdrawal […]

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