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Philippines: More housing projects to boost economy

MANILA, Philippines — The Department of Human Settlements and Urban Development (DHSUD) is keen on boosting housing projects in the country to help revive the local economy. DHSUD chief Eduardo del Rosario said the agency is bent on carrying out more housing projects nationwide in coordination with key shelter agencies. The country’s central housing authority […]

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Philippines: Retailers oppose lower investment ceiling

MANILA, Philippines — The country’s group of retailers continued to oppose a proposal seeking to lower the required minimum investment for foreign retailers as this may imperil the viability of local micro, small and medium enterprises (MSME). In a text message, Philippine Retailers Association (PRA) vice chairman Roberto Claudio said there is no need to […]

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Thailand: Airline layoffs ahead as travel stalls

More layoffs in Thailand’s aviation industry will be seen this year as a result of no liquidity and a slow revival in international markets expected in the final quarter. Airlines Association of Thailand (AAT) president Puttipong Prasarttong-Osoth said all airlines are struggling with earnings as the domestic market has yet to regain positive momentum. The […]

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Malaysia: Commodities contributed RM85.1b to GDP in 2020

KUALA LUMPUR: The commodity and commodity-based products sectors contributed RM85.1 billion to the country’s gross domestic product (GDP) last year, Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said. He said of the amount, RM48.3 billion was contributed by the palm oil sector. “Knowledgeable and skilled human capital is needed to ensure […]

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