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Philippines: Fiscal deficit widens by 78% in 9 months

MANILA, Philippines — The national government’s fiscal deficit widened by 78 percent to P378.2 billion in the nine months to September, already accounting for three percent of the country’s gross domestic product. Tax effort meanwhile, improved by 0.7 points to 15.2 percent, the highest tax effort ever recorded during the period owing to the  implementation […]

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Cambodia: Propane usage on the rise

Demand for liquefied petroleum gas (LPG) in Cambodia in increasing rapidly, and will account for 14 percent of total petroleum consumption by the year 2040, which creates a need for stricter safety regulations and standards. Shigeru Kimura, a special advisor on energy affairs at the Economic Research Institute for Asean and East Asia, said yesterday […]

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