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Thailand: Rice price guarantee seeded with B9.4bn

The rice price guarantee scheme started on Tuesday, with eligible farmers set to receive the difference when market prices fall below the predetermined benchmark. Commerce Minister Jurin Laksanawisit said the state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) transferred 9.4 billion baht in compensation directly to the accounts of 349,000 registered farmers. The compensation will […]

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Malaysia down two rungs in global competitiveness

PETALING JAYA: Malaysia has slipped two notches in the global competitiveness ranking this year after being overtaken by Spain and the United Arab Emirates (UAE), according to the latest survey by the World Economic Forum. In the recently published Global Competitiveness Report (GCR) 2019, Malaysia is ranked 27th out of 141 countries in terms of […]

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Philippines: Remittances rise in August — BSP

MANILA, Philippines — Money sent home by overseas Filipino workers rose in August, the Bangko Sentral ng Pilipinas reported Tuesday. Cash remittances coursed through banks went up 4.6% to $2.6 billion in August from $2.5 billion last year. The latest figure brought the eight-month tally to $19.8 billion, up 3.9% from $19.1 billion in the […]

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Laos Falls to 113rd Place in Global Competitiveness Ranking

Laos has slipped down to a ranking of 113rd out of 141 surveyed countries in the annual Global Competitiveness Report 2019, while several neighboring countries, including Vietnam, climbed up on the list thanks to improvements in economic and business activities. The report, which is compiled by the World Economic Forum, contains the Global Competitiveness Index that […]

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