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Indonesia: Cryptocurrencies decided as future trading commodity

The Trade Ministry’s Futures Exchange Supervisory Board (Bappebti) has decided cryptocurrencies would be future trading subjects or commodities at the bourse, even though Bank Indonesia (BI) does not recognize such currencies as payment instruments. “The Bappebti head has signed a decree to make cryptocurrency a commodity that could be traded at the bourse,” said head […]

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Vietnam: Retail sales, services revenue up by 10.1%

Viet Nam’s total revenue from retail sales and services in the first five months of this year maintained a high growth since the beginning of the year. This was partly due to improving living standards of the people, according to the General Statistics Office (GSO). The total revenue rose by 10.1 per cent year-on-year to […]

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Philippines: May inflation seen at 4.6-5.4%

The Bangko Sentral ng Pilipinas yesterday said annual inflation rate in May would likely remain outside its 2 to 4 percent comfort range due to higher fuel and rice prices. The BSP forecast an inflation range of 4.6 to 5.4 percent for May, above the 4.5 percent reading in April, which was the fastest in […]

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Risks expand for debt-heavy Southeast Asian markets

SINGAPORE (Nikkei Markets) — The pressure on emerging markets in Southeast Asia is set to increase as the strengthening dollar aggravates concerns about debt in the region. The recent political turmoil in Italy has added to the risks that have weighed on these markets in recent months, weakening both their currencies and stocks. Among the […]

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Laos, Myanmar move forward in energy cooperation

VIENTIANE (Vientiane Times/ANN) – Laos and Myanmar have taken another step towards implementing a Memorandum of Understanding (MOU) on power cooperation that was signed in January this year.   Senior officials from the two nations met at the 1st Joint Working Committee Meeting (JWC) held in Nay Pyi Taw, Myanmar, recently to discuss the agreement […]

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