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Rising LNG imports in Vietnam and the Philippines reflect growing demand in Southeast Asia
Vietnam and the Philippines recently initiated the import of liquefied natural gas (LNG), reflecting Southeast Asia’s increasing shift towards this alternative energy source. Vietnam’s first shipment of LNG, a 70,000-tonne consignment from Indonesia, arrived at the Thi Vai LNG terminal in the southern province of Ba Ria-Vung Tau. PetroVietnam Gas (PV Gas), which oversees the […]
Mexico: The New Eldorado for Brazil’s Finance Innovators
Brazilian fintechs, together with traditional banks, are setting their sights on Mexico, leveraging its position as Latin America’s second-largest economy. This expansion strategically taps into a largely unbanked population, unlocking significant growth potential. Mexico’s appeal is heightened by the United States’ nearshoring policy, which brings production chains closer to its vast consumer markets. Last year, […]
Angola’s central bank maintains key interest rate, adjusts marginal lending rate upward by 0.5 percentage point
The National Bank of Angola (BNA) has decided to keep its basic interest rate unchanged at 17%, while increasing the liquidity facility rate from 17% to 17.5%, marking an elevation of 0.5 percentage points. The permanent liquidity absorption rate will stay at 13.5. This announcement was made during a press conference in the nation’s capital, […]