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ADB approves $50m loan for Cambodia to boost competitiveness

The Asian Development Bank (ADB) has approved a $50m policy-based loan aimed at supporting the government of Cambodia to diversify the country’s economy and boost its global competitiveness. The loan will support Cambodia’s post-COVID-19 economic recovery by supporting government reforms to enhance the investment and business environment; foster the growth of micro, small, and medium-sized […]

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Philippine debt swells to P13.6 trillion in October

MANILA, Philippines — The government is strongly pushing for the creation of the Maharlika Wealth Fund as it faces constraints to finance new projects, especially after the country’s outstanding debt jumped to a new record high P13.64 trillion in October. Based on the Bureau of the Treasury (BTr) data, the government increased the debt stock […]

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Vietnam: Policies take effect in December 2022

Below are among new policies on import and export nomenclature, electricity generation price bracket, and licenses to manufacture tobacco products taking effect from December. Conditional production for industrial chemicals Decree No. 82/2022/ND-CP (Decree 82) dated October 18, 2022, amends and supplements a number of articles of Decree No. 113/2017/ND-CP detailing and guiding the implementation of […]

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Thailand: Economists upbeat on 2023

Thailand’s economic outlook remains positive for next year despite global headwinds, according to economists. Speaking at the “Thailand Insight 2023: Unlocking the Future” forum held on Wednesday by the Bangkok Post, Tim Leelahaphan, economist for Thailand and Vietnam at Standard Chartered Bank (Thai), said Thailand could provide opportunities in 2023 and the bank is positive about […]

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