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Petrol prices in Vietnam set new record

The latest price adjustment marked the second hike in a row since late April. The retail price of biofuel E5 – RON92 increased by VND1,490 to VND28,950 (US$1.26) per liter and RON95 by VND1,550 to a new record of VND29,980 ($1.30) per liter, respectively, from 3:00 pm today [May 11]. The move came following the […]

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Southeast Asian fruits ride RCEP wave to Chinese market

Xinhua – Durians have entered their best season, and orders for the “stinky” fruit in China began to soar in late April, driving its imports from Southeast Asia, its main producing area. The Regional Comprehensive Economic Partnership (RCEP) agreement, the world’s largest free trade deal to date that took effect on Jan. 1, 2022, has further […]

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Despite zero Covid-19 cases, casinos at Cambodia’s borders struggle to reopen

Casino business operators at Cambodia’s borders face difficulties in reopening even though there have been zero new Covid-19 cases for three consecutive days in the Kingdom. Ros Phearun, deputy director-general at the Finance Ministry’s Financial Industry Department, told Khmer Times yesterday that casino operations have not been resumed as of yesterday, the third day of zero new […]

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Thailand: Minimum wage hike in spotlight

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) believes Thailand can manage 2.5-4% GDP growth this year if an increase in the daily minimum wage is appropriate given the higher living costs. The inflation rate has risen following the global oil price surge and is expected to stand in a range of 3.5-5.5%, […]

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Philippines: FDI inflow rebounds by 46% in February

MANILA, Philippines — The net inflow of foreign direct investments (FDI) bounced back with a 46.3 percent rise in February after contracting by 16 percent in January, as the government was able to contain the resurgence of COVID cases during the review period, according to the Bangko Sentral ng Pilipinas (BSP). Data released by the […]

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