Thailand is scheduled to host the Asia-Pacific Economic Cooperation (Apec) 2022 summit later this week. Established in 1989, Apec is a regional economic forum with 21 member economies across the Asia-Pacific region, a grouping bigger than Asean, the Regional Comprehensive Economic Partnership (RCEP), and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The Apec bloc makes up […]
Read MoreMANILA, Philippines — The government paid less debts during the nine-month period of the year largely due to a decline in principal amortization. Data from the Bureau of the Treasury showed the government slashed its debt payments by 7.67 percent to P889.85 billion in January to September from P963.78 billion in the same period last […]
Read MoreBy the end of 2021 independent power plants accounted for 41.3 per cent of the total installed capacity of the whole system, up from only 18.4 per cent in 2018 when the solar wave was formed. Despite concerns about a recession, economists said merger and acquisition (M&A) activities in the renewable energy industry still have […]
Read MoreThe Asia-Pacific region continues to be the largest contributor to the worldwide build-up of preferential trade agreements (PTAs), accounting for about half of PTAs worldwide, an ESCAP report said. The noodle bowl of Asia-Pacific trade agreements is now made up of 333 PTAs with at least one party of the Asia-Pacific, according to ESCAP’s Asia-Pacific […]
Read MoreMANILA, Philippines — The Philippines may raise its beer imports by more than a third this year amid increasing demand due to the resumption of economic activities and the country’s young and growing population, the United States Department of Agriculture (USDA) said. In the latest report by its Foreign Agricultural Service (FAS), the USDA said […]
Read MoreThe Vietnamese Parliament expects a budget deficit of VND455.5 trillion (US$18.35 billion), or 4.42% of GDP, for next year. The National Assembly (NA) on November 11 ratified a resolution on the state budget estimate for 2023 with the endorsement of 91% of deputies at present. Under the resolution, the NA agreed to raise the basic […]
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