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Philippines: Infra spending builds up to P391.2 B in 9 months

MANILA, Philippines — The government spent P142.1 billion for infrastructure projects in the third quarter, up 15.4 percent from P123.2 billion in the same period last year, the Department of Budget and Management (DBM) reported yesterday. The amount also exceeded by 3.1 percent the government’s quarterly infrastructure spending program of P137.8 billion. For the first […]

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Laos: Govt orders action to improve investment climate

The government has told ministries to speed up improvements to the investment climate and remove barriers to goods transport, the government spokesman said yesterday. Speaking at a press conference, Dr Chaleun Yiapaoher said that the cabinet, in its monthly meeting for October, entrusted the Ministry of Planning and Investment to work with the relevant ministries […]

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Myanmar: Will the government heed civil society’s advice on SEZs?

Existing legislation and governance structures covering the development and operation of Special Economic Zones (SEZs) in Myanmar and Cambodia have been skewed toward the interests of investors but against those of locals and the environment, according to an October report by civil organisations Paung Ku, Dawei Development Association, Tavoyan Women’s Union, Myanmar SEZs’Watch, EarthRights International […]

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Vietnam: Firms wary of switch to e-invoices

HANOI — The Ministry of Finance is drafting regulations on e-bills and will ask the Government to set a deadline of July 2018 for businesses to switch over from paper. But local businesses say they don’t have the information technology resources to meet the proposed deadline. Their concerns were heard at an online discussion on […]

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Brunei: Fresh new look aims better service

ONLINE food delivery service foodpanda Brunei recently unveiled a fresh new look to its brand. The new look was revealed during a press conference at foodpanda Brunei’s office led by its Sales and Marketing Manager Nabil bin Ibrahim. It was explained yesterday that foodpanda “is getting a fresh new look across its markets, offering its […]

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Singapore economy on path to recovery, steady growth in 2018: MAS

SINGAPORE’S economic recovery is gathering pace, with growth rates accelerating over two straight quarters thanks largely to a sustained increase in global electronics demand, the Monetary Authority of Singapore (MAS) said. While pockets of weakness remain in some sectors, growth is broadening beyond trade-related industries, with economic expansion expected to remain steady in the coming […]

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