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Chinese Investments in Laos Soar, but Little Wealth is Spread

China’s investment in Laos has climbed since 1989 to a cumulative $16 billion, but little of this money has benefited ordinary citizens, while the negative impact from Chinese development projects isn’t being counted accurately, Lao sources say. Sonexay Siphandone—Minister of Investment and Planning—told a meeting with Chinese investors last month that “Chinese investment takes top […]

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Philippines: Further spike in inflation seen

MANILA, Philippines — The latest spike in inflation may not be the last as a further reacceleration for the remainder of 2021 is expected, with the country yet to fully feel the impact of rising global commodity prices. In a report, UK-based Pantheon Macroeconomics said the inflation surge is far from over with non-core pressures […]

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