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Philippines: ADB bewails delay in RCEP ratification

MANILA, Philippines — Firms waiting for the ratification of the Regional Comprehensive Economic Partnership (RCEP) should not be discouraged despite the delay as the Philippines can still catch up, according to the Asian Development Bank (ADB). Still, the ADB said the deferment of the ratification of RCEP, which is considered as the world’s largest free […]

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Malaysia: Consumer spending to continue growing

PETALING JAYA: Consumer spending in Malaysia is set to stay on an upward trajectory this year, underpinned by significantly high vaccination rate, improving labour market, fiscal incentives and stable inflationary pressure. MIDF Research said it expects private consumption and the services sector to contribute positively towards gross domestic product in the fourth quarter (Q4) of […]

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Thailand: Call for cap on utility prices

The Federation of Thai Industries (FTI) wants the government to put a cap on electricity, water and cooking gas prices to slow down living cost increases as well as push stimulus measures as the Thailand Industry Sentiment Index (TISI) continued to increase to 88 points in January. Authorities should consider adjusting the oil excise tax […]

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