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Philippines: Inflation seen topping 5% in September

MANILA, Philippines — Inflation likely accelerated for the second straight month in September, breaching the five percent level for the first time in almost three years on the back of elevated food prices, rising pump prices of petroleum products, and more expensive power rates. Security Bank chief economist Robert Dan Roces said inflation likely picked […]

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Asean’s crucial digital mission

Speeding up digitisation and bridging the digital divide in the region is a mission of paramount importance, in the view of lawmakers who took part in the 42nd General Assembly of the Asean Inter-Parliamentary Assembly was held in August this year. Having highly transformative technologies will improve economic competitiveness and the well-being of citizens, while […]

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Indonesia works to reduce state budget deficit

Indonesia’s House of Representatives has approved the 2022 state budget bill, marking the beginning of the process of fiscal consolidation of the largest economy in Southeast Asia after nearly two years of heavy spending on COVID-19 response efforts. Jakarta (VNA) – Indonesia’s House of Representatives has approved the 2022 state budget bill, marking the beginning of […]

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Vietnamese ICT businesses benefit from digital consumption

Vietnamese ICT enterprises have benefited greatly from the fast digitalisation trend, with their revenues rising despite the COVID-19 pandemic. Google’s e-Conomy SEA 2020 report said COVID-19 has led to an acceleration of digital consumption as users tried new digital services for the first time. According to the report, among users of digital services in Vietnam, new users accounted for […]

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