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Malaysia: Manufacturers upbeat about outlook for 2022

KUALA LUMPUR: Malaysian manufacturers have continued to express optimism on the outlook for this year, according to the IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI). While at a four-month low, positive sentiment remained robust, underpinned by hopes of a domestic and international recovery in demand as the pandemic recedes. Usamah Bhatti, economist at IHS […]

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Laos Launches Green Pass Online Visa Portal

Laos has launched an official online visa portal allowing foreign residents and overseas Lao to apply for a visa online. According to a media release issued today by Government Spokesperson and Vice Minister to the Prime Minister’s Office, Madame Thippakone Chanthavongsa, the Ministry of Foreign Affairs has been authorized to issue visas for certain visitors under the laogreenpass.gov.la website. […]

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Philippines: Budget deficit hits P1.67 trillion in 2021

MANILA, Philippines — The country’s budget deficit expanded by 22 percent to P1.67 trillion in 2021 from P1.37 trillion in 2020, as government spending outpaced the recovery in collections due to pandemic requirements, according to the Bureau of the Treasury (BTr). The Treasury said the deficit, when measured against gross domestic product (GDP), rose to […]

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