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Philippines: Inflation seen to breach 5% in Q2

MANILA, Philippines — New York-based think tank Global Source Partners Inc. expects Philippine inflation to breach five percent in the second quarter and remain elevated for the rest of 2022. In a commentary, former finance undersecretary Romeo Bernardo, country analyst at Global Source, said the consumer price index may continue to accelerate due to soaring […]

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Will a labour shortage crimp Singapore’s recovery?

SINGAPORE: After 18 months under what he felt were stifling restrictions in Singapore, German hospitality professional Andre Alexy decided to leave the republic in July last year for a plum position in Dubai. The role, as food and beverage (F&B) operations manager at Atlantis The Royal, and the chance to be part of an opening […]

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Thailand: BoI speeds up rejig of incentives

The Board of Investment (BoI) is accelerating the revision of investment incentives to align them with global changes and offset the impact of the new world tax regimes proposed by the Organisation for Economic Co-operation and Development (OECD). According to Duangjai Asawachintachit, BoI secretary-general, investment incentives need to be rejigged to retain Thailand’s investment competitiveness […]

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