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Philippines: ‘Economic stimulus bills fiscally unsustainable’

MANILA, Philippines — The Department of Finance (DOF) hopes Congress will come up with a downscaled economic stimulus bill in response to the coronavirus pandemic, as it warned that the pending pieces of legislation are “fiscally unsustainable.” “Multiple stimulus bills filed by the legislators from both Houses include a slew of additional provisions that make the proposals […]

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Cambodia: ‘Abnormally’ high price of pork

The Pig Support in Cambodia Association claims that the price of imported live pigs is abnormally high. The association says there are now six companies granted a business licence to import the animals from foreign countries. Most come from Thailand. According to the General Directorate of Animal Health and Production, the price of live pigs […]

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Thailand: Property developer shrugs off at-home rise

The economic downturn has been a larger factor than the trend of working from home in causing a fall in office demand as the new behaviour does not fit with Thai culture, says property developer Golden Land Property Development. Withawat Koottatep, executive vice-president for commercial development at Golden Land, said not everybody prefers working from […]

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Vietnam: EVFTA hoped to take effect on August 1

Minister of Industry and Trade Tran Tuan Anh and EU Trade Commissioner Phil Hogan reached consensus on the point of time for the EU-Vietnam Free Trade Agreement (EVFTA) to take effect, during their phone talks on June 8. The talks took place right after the Vietnamese National Assembly (NA) had ratified the deal earlier the […]

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Thailand: Japanese firms ask for traveller quota

Japanese investors and companies are requesting the Thai government reopen the country to 100 Japanese business travellers per day, as they are eager to return here to make new investments and fill executive-level vacancies. “Japanese companies want to know when authorities will allow foreigners to travel to Thailand because they want to resume business expansion […]

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