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Thailand: Unemployment records Q3 increase

The unemployment rate in the third quarter edged up from the same period last year and the previous quarter because of a slowing economy, floods in the Northeast and drought in some parts of the country. The government’s planning unit, the National Economic and Social Development Council (NESDC), reported on Monday the unemployment rate was 1.04% […]

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Myanmar: Kachin to focus on three sectors to boost economy

Kachin State officials will set a policy to prioritise three sectors for sustainable economic development in the state, business officials have revealed to The Myanmar Times. U Hkyet Hting Nan, chair of the Kachin Entrepreneurs Association (KEA) said agriculture and livestock, hotels and eco-tourism, and natural resources and finished products will be the focus of efforts […]

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Thailand: Household debt sees second-quarter rise

Household debt remained on the rise in the second quarter, but slowed from the previous quarter, thanks largely to the weaker economy, says the state planning unit, the National Economic and Social Development Council (NESDC). On Monday, the NESDC reported the country’s household debt in the second quarter amounted to 13.1 trillion baht, up by […]

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Laos to Bolster Tax Collection via New Laws

Laos has teamed up with the World Bank, revealing new laws on taxation that would boost the productivity of businesses and ensure accurate and full tax collection. These laws determine the principles, regulations, procedures, and measures related to the management and inspection of taxation activities. Under the new laws, the profit tax, in particular, has […]

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DOF: RCEP to boost Asean economy

MANILA, Philippines — The Department of Finance (DOF) is looking forward to the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement as this would be crucial in the enhancement of trade, investments and economic growth in the Southeast Asian region. Quoting Finance Secretary Carlos Dominguez’ speech during the International Finance Forum in Guangzhou, China […]

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