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Laos: Domestic tourism booming after travel curbs eased

Although few foreigners have arrived in Laos after the government reopened the country to international travellers this month, local people are making up for the absence of foreign visitors and tourism is booming. Lao Airlines has added more flights to the most popular destinations while tickets for train travel are sold out every day, including […]

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Singapore factory sector expands 13.2% in 2021 with uplift from better-than-expected December output growth

SINGAPORE’S manufacturing sector grew by 13.2 per cent year on year in 2021, jumping from the 7.5 per cent expansion in 2020, according to fresh figures on Wednesday (Jan 26). Full-year growth was driven by electronics and its adjacent precision engineering cluster, and supported by both the volatile pharmaceuticals cluster and a recovery in transport […]

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IMF cuts GDP growth forecast for ASEAN-5

MANILA, Philippines — The International Monetary Fund (IMF) has slashed the economic growth forecast for member countries of the Association of Southeast Asian Nations (ASEAN) as the global economy entered 2022 in a weaker position amid higher inflation and the spread of the Omicron COVID variant. In the latest World Economic Outlook, the IMF lowered […]

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Thailand: Digital assets banned for payment

Regulators plan to prohibit the use of digital assets to pay for goods and services because it could create a risk for financial stability and the economy. According to a joint statement by the Bank of Thailand, Securities and Exchange Commission (SEC) and the Finance Ministry on Tuesday, they have reviewed the benefits and risks […]

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