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Malaysia’s labour force grows 2.4% in Q2

KUALA LUMPUR: The labour force in Malaysia increased 2.4% to 15.28 million persons in the second quarter of 2018, as compared to the same quarter in 2017. “The employed persons also recorded an increased of 2.4 per cent in the same period to 14.77 million persons,” said Datuk Sri Dr Mohd Uzir Mahidin, Chief Statistician […]

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Thailand: VAT relief for welfare recipients backed

A PROPOSAL to reimburse the holders of state welfare cards for the value-added tax (VAT) they make on purchases has won backing from a prominent think tank. The Thailand Development Research Institute (TDRI) said it vows to the support the relief measure that would benefit the 11.4 million people who have been handed the welfare […]

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Philippines: Interest rate hike biggest in 10 years

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) delivered yesterday its biggest rate hike in a decade, raising interest rates by 50 basis points despite the slowdown in the country’s economic expansion in the second quarter. BSP Governor Nestor Espenilla Jr. said in a press conference yesterday the Monetary Board noted that the baseline forecasts have shifted higher […]

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