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Laos: Inflation hits highest point in two years

The year-on-year inflation rate jumped to 6.25 percent in January, the highest figure recorded since January 2020, inflicting another blow on Lao people’s wallets. The cost of goods and services has continued to climb since March last year and jumped to 5.04 percent in November before rising to 5.27 percent in December, according to the […]

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Vietnam: Millions of farmers learn how to sell their products via e-commerce

According to a plan of the Ministry of Information and Communications, all agricultural production households operating on e-commerce will be trained in digital and business skills on e-commerce platforms. The Ministry of Information and Communications has approved a plan to support agricultural production households on e-commerce floors to promote the development of the agricultural and […]

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Philippines: Senators not keen on reducing VAT

MANILA, Philippines — A Department of Finance (DOF) proposal to slash the 12 percent value-added tax (VAT) to as low as eight percent has been ignored in the Senate. Finance Secretary Carlos Dominguez III told an online forum with the Tuesday Club that no senator bothered to carry the proposal, even if it meant the […]

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Vietnam, Lao attempt to regulate fuel prices

Vietnam will need to cut taxes and fees, in addition to using the petroleum price stabilisation fund if petrol prices keep rising, said a leader from the Ministry of Industry and Trade (MoIT). On February 11, retail petrol prices were increased by nearly 1,000 dong (4.38 US cents) per litre following the latest adjustment by […]

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