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Thailand: TMB: Flood toll may run to B27.4bn

Severe flooding in the South is estimated to cost businesses 27.4 billion baht, with rubber farmers hit the hardest, according to TMB Analytics. Of the total 27.4 billion baht in damages, 19.1 billion is to the rubber business, 3.53 billion to the tourism sector, 2.94 billion to the palm oil business, 751 million to fisheries, […]

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Cambodia: Kingdom failing to keep up

Cambodia is not keeping up with the global pace of innovation and business competitiveness across world as the country continues to suffer from low skills levels and low-value exports, according to a report released yesterday at the Davos Economic Forum, coinciding with Prime Minister Hun Sen’s visit to the event. The 2017 Global Talent Competitiveness […]

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Philippines: Tourist arrivals to hit 6.5 M this year

MANILA, Philippines – The government’s efforts to improve the Philippines’ air connectivity with other countries will continue to stimulate increased tourist arrivals in the country this 2017, a senior official of the Department of Tourism (DOT) said. Tourism Undersecretary for development planning Benito Bengzon told The STAR the country would achieve its 6.5 million foreign […]

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Indonesia: World Bank: Quality Spending is Key to Achieving Development Goal

TEMPO.CO, Jakarta – Finance Minister Sri Mulyani endorsed a World Bank assessment that in order to achieve its development goals, Indonesia must significantly improve the quality of its public expenditure. “Proper budget allocation is important but equally important is how it will be spent,” said Sri Mulyani, at the launch of the World Bank’s Indonesia Economic Quarterly-Sustaining […]

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