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Laos: Vientiane Authorities Crack Down on Illegal Currency Exchange Operators

Authorities in Vientiane Capital are struggling to control unlicensed currency exchange businesses amid a widening gap between official and market exchange rates. Rising inflation and a continually depreciating local currency have seen many turn to illegal or online currency exchange operators to take advantage of favorable, unofficial rates. Authorities already ordered currency exchange businesses to transition into […]

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Philippines: Fuel prices rise for 12th time this year

MANILA, Philippines — Consumers can expect higher fuel prices this week following reports of a drone attack on a refinery based in the oil-rich Saudi Arabia as well as several developments affecting the global oil market, where the Philippines mainly gets its supply.  Starting Tuesday, pump prices will experience another round of hikes. In an advisory, local […]

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Thailand: FPO slashes growth on energy outlook

The Fiscal Policy Office (FPO) has downgraded its 2022 economic growth forecast to an average of 3.5% from 4.0%, mainly because of the Russia-Ukraine war and its effect on domestic energy prices, says FPO director Pornchai Thiraveja. He said the FPO expects economic growth to be in a range of 3-4%, compared with a previous […]

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Malaysia to lift more Covid curbs, eases mask mandate

MALAYSIA will ease more Covid-19 curbs from the start of next month, including lifting restrictions on those who are not vaccinated against the coronavirus and scrapping the need to wear masks outdoors, its health minister said. The South-east Asian nation has seen some of the worst Covid-19 outbreaks in the region, but infection surges have since […]

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