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Philippines: Debt servicing up 37%

MANILA, Philippines — The government paid 37 percent more for its debt obligations in the seven months to July, using up nearly two-thirds of its debt servicing program for the year. According to the Bureau of the Treasury, the government hiked its debt payments to P834.32 billion as of end-July from P608.25 billion a year […]

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Covid-19 jabs: the key to reopening Thailand safely

The government announced last week that it was planning to reopen Bangkok, Chonburi, Phetchaburi, Prachuap Khiri Khan and Chiang Mai within the first week of October. This second-phase reopening will, of course, depend on the number of people vaccinated against Covid-19 in each province. This phase is being launched after the first-phase reopening of four […]

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Thailand: Consumer sentiment takes a spill

Consumer confidence plunged to the lowest level in almost 23 years in August thanks to the government’s tight restrictions to contain Covid-19 spread in 29 provinces. The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index fell to 39.6 in August from 40.9 in July, 43.1 in June, 44.7 in […]

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Malaysia end-Aug palm oil stocks jump 25% to 1.87mn T

KUALA LUMPUR: Malaysia’s end-August palm oil stocks climbed 25.28% from July to 1.87 million tonnes, data from industry regulator the Malaysian Palm Oil Board (MPOB) showed on Friday. Crude production rose 11.8% to 1.7 million tonnes, while palm oil exports fell 17.06% to 1.16 million, the regulator said. A Reuters survey pegged the stockpile to […]

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