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Policy bottleneck restricts exports of Vietnam medical masks

The Hanoitimes – At present, Prime Minister Nguyen Xuan Phuc has approved the export of medical face masks and protective gear, as long as domestic demand and reserves are met. Current regulations, not production capacity, are making hard for medical face mask manufacturers to export their products although masks are much sought after in other countries, […]

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Philippines: Domestic liquidity up by slower 10.9%

MANILA, Philippines — The record retail treasury bond (RTB) issuance by the national government sapped some liquidity in the financial system, resulting in a slower growth in money supply in February, according to the Bangko Sentral ng Pilipinas (BSP). Preliminary figures released by the BSP showed that domestic liquidity or M3 grew at a slower […]

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Philippines to borrow more

MANILA, Philippines — The Philippine government yesterday announced its plans to sell US dollar-denominated global bonds in the international market to raise more funds for the state coffers. National Treasurer Rosalia De Leon said the announcement was made yesterday, but declined to provide more details on the issuance. Credit watcher S&P Global Ratings assigned a […]

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Cambodia: Coronavirus takes its toll on garment industry with 130 factories suspending operations, affecting 100,000 workers

Cambodia’s garment and footwear industries are being severely impacted by the ongoing COVID-19 pandemic with exports affected in the upcoming months. Up to  130 factories have thus far submitted notices requesting for suspension and these will impact up 100,000 workers, government official said yesterday. Labour Ministry spokesman Heng Sour said in a press conference that […]

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Thailand: Moody’s cuts view for local banks

Moody’s Investors Service has revised the outlook for 10 Thai banks to stable from positive, with asset quality and profitability poised to weaken because of the coronavirus crisis. But the international rating agency affirmed the banks’ long-term deposit ratings and their long-term senior unsecured debt ratings and issuer ratings. “Moody’s expects that the operating environment […]

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