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Vietnam: Modest inflation expected for 2020

A number of high-profile international organisations including the Asian Development Bank (ADB), the World Bank, and the International Monetary Fund (IMF), and Standard Chartered have released forecasts that Vietnam will succeed in controlling inflation in 2020, at below 4 per cent as planned by the National Assembly late last year. “Especially, the success may come […]

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Philippines – BSP: Prioritize restarting economy first

MANILA, Philippines — Restarting a “new economy” that is safer, better, and more technology-savvy is more important than achieving the much-coveted A-scale credit rating and upper middle income status, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said monetary and fiscal authorities are putting more emphasis on softening the blow and preventing […]

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Thailand: Tourism levy mulled

The Tourism and Sports Ministry is considering a tax of 300 baht or less per person for foreign arrivals that could cover pandemic insurance, once inbound flights and tourism activities resume in the country. Phiphat Ratchakitprakarn, the tourism and sports minister, said the tax would be collected once foreigners arrive by air, land or sea […]

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