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Philippines: Inflation sizzles in September after super typhoon worsened supply woes

MANILA, Philippines — Inflation remained painfully high in September after a devastating typhoon that hit the country during the month exacerbated persistent supply problems. In a briefing on Wednesday, the Philippine Statistics Authority reported inflation quickened 6.9% year-on-year in September. This was much faster than the 6.3% recorded in the preceding month. This exceeded the national […]

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Mekong-Lancang cooperation set to boost trade, investment

Enhancing services related to Investment and Trade Facilitation Project, supported by the Mekong Lancang Special Fund 2021, has officially been launched at a workshop in Phnom Penh. In his opening remarks at the event last week, Khoun Virak, Deputy Director General of International Trade at the Ministry of Commerce, underlined the importance of the Mekong-Lancang […]

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Malaysia: Export volume index rises 7.7% on month in August

PETALING JAYA: The export volume index increased 7.7% in August 2022 compared with July, contributed by the rise in miscellaneous manufactured articles (11.9%), machinery and transport equipment (7.9%) and mineral fuels (7.8%). According to the external trade statistics for August 2022 released by the Statistics Department, the seasonally adjusted export volume index increased 16.5% to […]

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Thailand: TAT banking on e-visas

With Malaysian tourists becoming the first source market to reach 1 million and reopening of more countries in sight, Thai tourism could realise an even stronger rebound among the Asian market if e-visas are adopted and international flights resume, according to the Tourism Authority of Thailand (TAT). Thanet Phetsuwan, TAT’s deputy governor of marketing for Asia […]

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The Philippines and the middle-income trap

Joining the ranks of high-income countries is the holy grail of developing economies. The World Bank (WB) defines high income countries as having Gross National Income (GNI) per capita of $12,696 or more. This universal aspiration came into sharp focus recently as the NEDA announced that the Philippines will aim to be a high-income country […]

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