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Vietnam: Tourism reopens, but staff shortage persists

The number of travelers has increased sharply, but travel firms still lack workers. In early April, a group of 12 Vietnamese travelers left for Dubai. This was the first outbound tour organized by Viet Media Travel after two years of interruption because of the Covid-19 pandemic. On that day, many workers at the company, from […]

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Brunei Trade website consolidates import and export information

The government has launched one-stop trade information website that consolidates requirements, opportunities and explainers for importers and exporters. Brunei Trade, launched by the Ministry of Finance and Economy (MoFE) on April 26, houses the latest information for importers and exporters as well as a directory of local companies’ products for foreign buyers. The website is aimed at socialising trade-related information as […]

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Bank of Laos Blames Currency Manipulation for Crisis

The Bank of the Lao PDR has called out currency manipulators and blamed the importation of unnecessary luxury items as reasons for the current financial crisis. Governor of the Bank of Lao PDR (BOL), Mr. Sonexay Sitphaxay, said in a press conference yesterday that Covid-19 has had a big impact on international currencies, with a […]

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Singapore non-oil exports growth eases to 6.4% in April

Singapore’s key exports in April eased slightly from the previous month, although shipments to the Republic’s top 10 markets rose as a whole, according to data from Enterprise Singapore (Enterprise SG) on Tuesday (May 17). Non-oil domestic exports (NODX) rose 6.4 per cent year on year in April, close to private-sector economists’ expectations of a 6.5 […]

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Philippines: Rate hike may dent demand, employment

MANILA, Philippines — The impending interest rate liftoff by the Bangko Sentral ng Pilipinas (BSP) may dent demand and employment recovery, especially in the absence of fiscal support to cushion the economy from higher borrowing costs, according to Moody’s Analytics. It said the Philippine economy has surpassed pre-pandemic levels of output after its gross domestic […]

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