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ASEAN to benefit from currency swap

MANILA, Philippines — Members of the Association of Southeast Asian Nations (ASEAN) are expected to benefit from a stronger currency swap arrangement and better financial safety net now that the amended Chiang Mai Initiative Multilateralization (CMIM) agreement is already in effect, according to the Department of Finance (DOF). In a statement, the DOF’s International Finance […]

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Thailand – Supalai: Buyer confidence up

Mortgage loan rejection rates in May and June subsided to pre-pandemic levels as homebuyers made decisions reflecting confidence in their income, says SET-listed developer Supalai. Managing director Tritecha Tangmatitham said the bank rejection rate for the company was 13% in May and June, down from 20% in March and April. “Customers who walk to project […]

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