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Philippines: Inflation seen easing to 3.7% in November

MANILA, Philippines — Inflation likely eased back to within the two to four percent target of the central bank for the first time this year, averaging 3.7 percent in November, according to Bangko Sentral ng Pilipinas Governor Benjamin Diokno. Diokno said the BSP sees inflation settling within 3.3 to 4.1 percent in November after averaging […]

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Cambodia urges Indonesia to resume direct flights

Cambodia has urged Indonesia to resume direct flight connection with Cambodia to facilitate mutual vaccination tourism movement in the near future. Sok Sangvar, Undersecretary of State at the Ministry of Tourism who represented Tourism Minister at a Famtrip themed “Exploring the Land of Sunda” at the Embassy of Indonesia to Phnom Penh last weekend, expressed […]

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Thailand: Automakers fret over Covid variant

The spread of new Covid-19 variant Omicron brings a fresh concern to automakers as they open Thailand International Motor Expo on Wednesday, hoping to promote the electric vehicle (EV) era in the country. If Omicron is identified as a virulent strain, it will affect the automotive industry and overall economy, said Takeshi Kasahara, vice-president of […]

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Philippines is 2nd fastest growing vehicle market in ASEAN

MANILA, Philippines — The Philippines maintained its position as the second fastest growing market for motor vehicle production and sales in Southeast Asia, registering double-digit hikes in the 10 months to October. Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) data showed a total of 71,758 motor vehicles were assembled in Philippine plants in […]

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Singapore’s resident employment, incomes recover, but labour market still troubled by Covid-19: MOM

SINGAPORE – Singapore’s labour market is slowly recovering – with more residents being employed and incomes rebounding – but unemployment rates continue to lag behind pre-pandemic levels, according to advance estimates released by the Ministry of Manpower (MOM).  The incomes of residents – Singaporeans and permanent residents – rose above pre-Covid-19 levels this year, rebounding […]

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