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Philippines – BSP: Further rate cuts to have limited impact

MANILA, Philippines — Any further monetary measures will continue to have limited impact unless business and consumer confidence recovers significantly, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the aggressive easing measures implemented by the central bank last year have limited impact on credit and private spending as the country implemented […]

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Bright export outlook for Vietnam in 2021

The Hanoitimes – In 2021, the trade ministry eyes an increase of 4-5% in trade turnover from an estimated US$543.9 billion last year. A surge of nearly 20% year-on-year in export turnover in the first half of January to US$12.9 billion signal a bright outlook for Vietnam’s exports this year. Statistics from the General Department of […]

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Thailand: Setting a digital agenda

The Securities and Exchange Commission (SEC) is putting cryptocurrencies and digital assets on the top of its agenda this year, urgently seeking a concrete direction for the regulation of emerging assets in an effort to support skyrocketing trade volume and to protect lawful users and the public. The SEC plans to raise these issues at […]

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Asian markets slip as inflation fears trump recovery hopes

AFP – Asian markets mostly fell yesterday on profit-taking and growing worries about inflation, which offset long-running optimism about the global recovery as vaccines are rolled out, infection rates slow and Joe Biden’s stimulus winds through Congress. Oil prices pushed further up to 13-month highs as the severe cold snap in the United States hammers production, […]

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