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Philippines: Q2 GDP contraction adjusted to -16.9%

State statisticians on Monday lowered the official second quarter gross domestic product (GDP) contraction to -16.9 percent from the earlier -16.5 percent. “Major contributors to the revision were real estate and ownership of dwellings, from -20.1 percent to -29.7 percent; wholesale and retail trade; repair of motor vehicles from -13.1 percent to -13.9 percent; and […]

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Thailand: FTI supports shorter tourist quarantine

The Federation of Thai Industries (FTI) plans to support a proposal to reduce the mandatory quarantine period for foreign tourists from 14 to 10 days during the Centre for Economic Situation Administration’s (CESA) meeting this week. This measure would improve business activities, said Supant Mongkolsuthree, the FTI’s chairman. “New ideas are needed to push the […]

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