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Thailand: Smartphone sales dip 12%

Smartphone sales in Thailand fell 12.1% in the first quarter with Xiaomi the only vendor recording year-on-year growth, according to global research firm Gartner. Xiaomi stood at the forefront for Thai market share, while Huawei slipped out of the five top spots for sales, Gartner said. In the first quarter, smartphone sales in Thailand posted […]

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Philippines: Government debt hits record P8.6 trillion

MANILA, Philippines — The government’s debt stock rose to a new record high of P8.6 trillion as of end-April following the net issuance of government securities and the availment of foreign loans to fund coronavirus disease 2019 or COVID-19 response, the Bureau of the Treasury (BTr) reported yesterday. According to the latest data from the […]

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Thailand: Land and buildings tax to get chop

The cabinet yesterday approved a sharp cut in the land and buildings tax of up to 90% for this fiscal year, the latest move to alleviate fallout from the coronavirus pandemic. Prime Minister Prayut Chan-o-cha said the overall public will be hit harder if the government proceeds with plans to fully levy the land and […]

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