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Philippines: Exporters seek more financing support

MANILA, Philippines — The country’s group of exporters is seeking more financial support from the government to aid the export sector’s recovery from the pandemic-induced slowdown. “The stronger economic recovery in the third and fourth quarters this year is premised on the projected rebound in exports that should hasten the return of the Philippines back […]

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Cambodia: Tax revenue from casino sector drops

Tax revenue from Cambodia’s casino industry cratered in 2020 as Covid-19 prompted the government to tighten entry restrictions, limiting the number of international visitors to the Kingdom, according to a Ministry of Economy and Finance senior official on March 21. The ministry’s deputy director for financial industry Ros Phearun told The Post that tax collected […]

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Malaysia: Call for regular appraisals

PETALING JAYA: With the rollout of government blueprints and economic plans underway, economists say such initiatives should be closely monitored and properly executed to ensure the country’s sustainability. They suggested that a reasonable timeframe be given for the implementation to attain the desired goals. According to AmBank Group chief economist Anthony Dass (pic, below) , […]

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Thailand: The local touch

The pandemic hit the tourism industry the hardest, which is expected to take several years to fully recover. Yet some folks are looking at this period as an opportunity to accelerate the move towards sustainability. The recent “Top Countries for Sustainable Tourism” report from market researcher Euromonitor International found 66.4% of consumers globally want to […]

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Philippines debt to GDP ratio rises to 54.5% in 2020

MANILA, Philippines — The country’s risks from debt exposure are minimized even as the share of debt to   gross domestic product (GDP) rose to a 14-year high in 2020, according to the Department of Finance (DOF). In an economic bulletin released over the weekend, Finance Undersecretary Gil Beltran said  the low interest rate regime helped […]

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