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Philippines: Government lowers deficit to GDP ratio

MANILA, Philippines — The country’s economic managers expect to further reduce the share of the budget deficit to national output this year on the back of above-target revenue performance as the economy reopens. The Cabinet-level Development Budget Coordination Committee (DBCC) said it is looking at the fiscal deficit, when measured against gross domestic product (GDP), […]

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Thailand: Business investment in sustainability key

Investment in sustainability has become crucial for enterprises as a response to both regulations and consumer demand, says SAP, a global enterprise application software provider. “Sustainability is critical for every single business. Asian firms, including those in Thailand, need to follow this trend, especially if they are manufacturing-based,” said Atul Tuli, managing director of SAP Indochina. […]

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World Bank raises Philippine GDP projection to 7.2%

MANILA, Philippines — The World Bank raised its gross domestic product (GDP) growth forecast for the Philippines this year after a stronger-than-expected performance in the third quarter, but cautioned that growth would slow next year, citing unfavorable developments in the global environment that could affect the domestic economy. In its Philippines Economic Update report, the […]

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