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Philippines: Rice multiplies inflation weight 10-fold

MANILA, Philippines — The contribution of rice to inflation multiplied tenfold this year amid issues on supply and importation, underscoring the need to implement reforms in the government’s agricultural policies, according to the Department of Finance (DOF). In his presentation to members of the Cabinet, Finance Secretary Carlos Dominguez said rice has become one of […]

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Thailand: Motorcycle taxis in line for fuel discount

Motorcycle taxis nationwide will receive a discount on gasohol 95 of three baht per litre by December in a bid to manage the effects of higher global oil prices, says Deputy Prime Minister Somkid Jatusripitak. The discount price will be administered through the state-owned oil and gas conglomerate, PTT Plc, whose petrol stations will take part in […]

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Singapore Q3 GDP grows 4.7pct, slightly below forecast

SINGAPORE: Singapore’s economy expanded slightly less than expected in the third quarter from the previous quarter on an annualised basis, with growth supported by an improvement in the construction sector, preliminary data showed on Friday. The economy grew 4.7 percent in the July-September period from the previous three months on an annualised and seasonally adjusted […]

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