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Evergrande debt crisis unlikely to affect Philippine financial system

MANILA, Philippines — The multi-billion dollar debt mess of embattled property developer Evergrande that is threatening to upend China’s economy will unlikely have a significant impact on the Philippines’ financial system, the central bank and economists said. In a statement on Wednesday, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the Philippines is insulated from shocks […]

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Thailand – Arkhom: Higher debt not a concern

The government should not have a problem repaying public debt, even if it borrows more in the future, says Finance Minister Arkhom Termpittayapaisith. The State Monetary and Fiscal Policy Committee’s decision on Monday to raise the ceiling of the public debt-to-GDP ratio from 60% to 70% will allow further borrowing to rehabilitate an economy battered […]

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Thailand: Hua Hin Oct 15 reopening on schedule

Hua Hin is likely to be the only one of the five destinations scheduled to reopen to vaccinated tourists on Oct 15 to reach the required inoculation rate of 70% for residents. Tourism Authority of Thailand governor Yuthasak Supasorn said Hua Hin municipality and Nong Kae district are expected to reach the 70% vaccination target […]

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Philippines to import more rice next year

MANILA, Philippines — The Philippines is expected to further boost its rice imports next year to 2.2 million metric tons (MT) mainly due to improving economic conditions, according to the United States Department of Agriculture (USDA). In its latest grain and feed update, the USDA’s Foreign Agricultural Service (FAS) said it is revising upward its […]

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Thailand climbs in digital index

Bangkok Post – Thailand jumped 19 places from a year ago in a new global digital wellbeing study, but is still behind Malaysia and Singapore in Southeast Asia. The third annual edition of the Digital Quality of Life Index (DQL) ranks Thailand 44th among 110 countries, with Singapore sixth and Malaysia 31st. The top five, […]

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