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Thailand – World Bank: 1.5m fell into poverty

Around 1.5 million Thais were estimated to enter into poverty in 2020 due to the pandemic, says the World Bank. Thailand’s poor totalled 3.7 million in 2019 and the tally was expected to rise to 5.2 million in 2020, attributed mainly to adverse effects from the pandemic crisis, said Kiatipong Ariyapruchya, senior economist for Thailand […]

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Philippines: Tourism businesses seek delay in local taxes

MANILA, Philippines — Tourism stakeholders are requesting for the deferment of the payment of local business taxes this year given the severe impact of the COVID-19 pandemic on the operations of the industry. In a letter to Department of the Interior and Local Government (DILG) Secretary Eduardo Año, Tourism Congress of the Philippines (TCP) president […]

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Brunei: Understanding AMBD’s role and function

Autoriti Monetari Brunei Darussalam (AMBD) acts as a central bank of Brunei Darussalam with the responsibility of formulating and implementing monetary policy, advising the government on monetary arrangements, and supervising banks and other financial institutions. AMBD was established on January 1, 2011 as a statutory body, as stipulated in the AMBD Order, 2011. A monetary […]

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Thailand: Mobile revenues down 12.6% in 2020

Thailand’s mobile service revenue fell 12.6% in 2020, weighed down by the impact of the pandemic on mobile subscription growth, while the country’s 5G subscription numbers are expected to surpass 4G by 2025, says GlobalData, a data analytics and consulting firm headquartered in London. According to GlobalData’s Thailand Telecom Operators Country Intelligence Report, mobile subscriptions […]

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