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Thailand: Govt bows to pressure on foreign land buyers

The cabinet yesterday approved a request by the Interior Ministry to withdraw a controversial bill on land ownership by foreigners, said official spokesman Anucha Burapachaisri. Due to a chorus of disapproval, the draft was withdrawn to facilitate a comprehensive study and gather public input to ensure the planned amendment would increase competitiveness and provide long-term economic […]

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Philippines upgrades Q2 GDP to 7.5%

MANILA, Philippines — Economic growth in the second quarter was revised higher by the Philippine Statistics Authority as construction and real estate activities proved stronger than initially reported. State statisticians said in a statement on Wednesday that the gross domestic product in the April-June period now stood at 7.5%, slightly higher than the previous 7.4%. […]

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