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Vietnam’s unemployment rate reported at 2.3%

Some 68.7% of 51.9 million people of working age are employed, not counting those in the informal sector, while the unemployment rate stays low at 2.3%, according to the Ministry of Labor, War Invalids and Social Affairs. Dao Ngoc Dung, Minister of Labor, War Invalids, and Social Affairs, said that Vietnam’s economy had rebounded faster […]

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Philippines: Factory output posts modest expansion in October as inflation bites

MANILA, Philippines — Local factory output eked out moderate expansion in October despite growing demand as inflationary pressures continued to burden firms.  A survey of around 400 manufacturers in the country found that the Philippines’ Purchasing Managers’ Index (PMI), a gauge of manufacturing output, softened to 52.6 in October from 52.9 in September, S&P Global […]

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Indonesia to extend gas exports to Singapore

The Indonesian Energy and Mineral Resources Ministry has decided to extend its contract to supply gas to Singapore for five years from the initial expiry date of 2023. Jakarta (VNA) – The Indonesian Energy and Mineral Resources Ministry has decided to extend its contract to supply gas to Singapore for five years from the initial expiry date of […]

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Baht set for relief as Thai current-account turns surplus

A better-than-expected rebound in foreign tourist arrivals, lower oil prices and sliding shipping costs are brightening the outlook for Thailand’s current account, potentially offering a reprieve for the nation’s currency trading near a 16-year low. Southeast Asia’s second-largest economy posted a surprise current-account surplus in September and with tourist arrivals gathering pace, the broadest measure […]

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