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Vietnam: Harsh reality sets in for fashion retail brands

While fashion fanatics will welcome the ever-increasing presence of international brands, the domestic consumer base has already lost a significant portion of its purchasing power amid the influence of the global health crisis on the economy,  forcing domestic brands to face increased competition with new strategies to retain their business. While most fashion brands in […]

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Malaysia: Ringgit likely to stay weak against Asean peers

KUALA LUMPUR: Despite the optimism of the ringgit strengthening against the US dollar this year, the local currency is likely to stay weak against its Asean peers in the medium-term dragged down by structural weaknesses within Malaysia’s economy. Omni Capital Partners Sdn Bhd managing director Scott Lim (pic) explained that the structural weakness in the […]

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Philippines: Online tax clearance for bidding now nationwide

MANILA, Philippines — The Bureau of Internal Revenue (BIR) announced that it is now implementing nationwide its online system for securing a tax clearance for bidding purposes after the successful pilot test in selected revenue offices last year.    “Few months after it successfully rolled out its Electronic Tax Clearance for Bidding Purposes and Tax […]

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Vietnam: Full steam ahead for LNG capacities to omit fossil fuels

With its rapid development, Vietnam’s hunger for reliable and sustainable energy sources grows daily.  Thus, the country is making efforts to develop thermal gas power sources to diversify its portfolio, which could be a challenging task as there are currently insufficient supplies within its territory. Khanh Hoa province, on the south-central coast, has recently been […]

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Thailand: Consumer prices still declining

The consumer price index (CPI), a gauge of headline inflation, fell 1.17% year-on-year in February, marking the 12th straight monthly decline since March 2020. According to Phusit Ratanakul Sereroengrit, director-general of the Trade Policy and Strategy Office, the decline was largely because of the government measures to reduce the cost of living via electricity and […]

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