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Philippines: Government fiscal surplus hits P52.8 B in April

MANILA, Philippines – The government generated a fiscal surplus of P52.8 billion in April as tax collections by the Bureau of Internal Revenue (BIR) during the period boosted revenue, the Bureau of the Treasury (BTr) reported yesterday. “April has historically generated a surplus for the government as the deadline for the filing of income taxes […]

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Thailand: Jobless rate hits 1.2% due to drought

The unemployment rate in the first quarter rose to 1.2%, or about 400,000 people, up from 0.97% in the same period one year earlier and worsening from 1% in the previous quarter, according to the National Economic and Social Development Board (NESDB). The rise in the number of jobless was triggered by greater automation in […]

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