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Philippines: Govt debt payments soar in November

Due to increasing interest payments and amortization costs, the national government’s debt servicing jumped in November 2021 compared to a year earlier, according to data released by the Bureau of the Treasury (BTr). Debt payments totaled P81.23 billion during the month, up 203.27 percent from P26.78 billion in November 2020. The amount of interest paid expanded by […]

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Thailand: Prices surge into danger zone

Growing concern over food and energy prices has both the state and private sectors uneasy about an economic nightmare rapidly approaching. Government measures to control living costs, including seeking cooperation from businesses to cap their goods and service prices, are expected against a backdrop of unsettled problems ranging from a sluggish economy and climbing public […]

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Philippines: Foreign biz chambers call for RCEP ratification

The Joint Foreign Chambers of the Philippines (JFC) called on the Senate to ratify Philippine membership to the Regional Comprehensive Economic Partnership (RCEP) agreement before the forthcoming election campaign recess. The JFC is a coalition of the American, Australian-New Zealand, Canadian, European, Japanese and South Korean chambers and the Philippine Association of Multinational Companies Regional Headquarters Inc. “As business associations […]

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