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Singapore business sentiment moderates slightly in Q2 on global uncertainty: SCCB

BUSINESS confidence among local businesses has dipped slightly in the second quarter of 2022, amid global uncertainties including geopolitical tensions and continued supply chain disruptions, said the Singapore Commercial Credit Bureau (SCCB) on Tuesday (Mar 15). Its quarterly Business Optimism Index (BOI) had dipped slightly on quarter, down to +5.35 percentage points in Q2 from […]

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Philippines: Meat imports up 46% from January to February

MANILA, Philippines — The Philippines imported 46 percent more meat in the first two months of the year, mainly driven by pork imports, according to the Bureau of Animal Industry. The BAI reported that meat import arrivals from January to February reached 162.1 million kilos, higher than last year’s 111.3 million kilos. The country imported […]

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Global fuel price hike affecting oil supply in Laos

The spiralling cost of fuel on the global market is having an effect in Laos, where some oil refineries are hoarding fuel with the intention of making a profit, a senior government official has said. At the same time, Lao businesses are struggling to import sufficient fuel to meet the country’s needs, Minister of Industry […]

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Myanmar Announces Direct Border Trade Currency Settlement with Thailand; Plans Similar Non-Dollar Convertibility with India in Near Future

NAY PYI TAW, MM, Mar 15, 2022 – (ACN Newswire) – The Myanmar Government has agreed to accept the Thai baht as an official currency for settling border trade starting this month. Thailand is the second country after China to permit its national currency to be exchangeable with the Myanmar kyat for border trade activities. […]

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