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Philippines: 6% GDP growth projected

MANILA, Philippines — The country’s gross domestic product (GDP) may expand by over six percent amid pent-up demand as well as the easing of inflation back to within the two to four percent target range toward the end of the year, according to Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla. In his speech during […]

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Malaysia: Calls for more clarity on subsidy rationalisation

PETALING JAYA: Economists have called for more clarity on the subsidy rationalisation measures announced under the revised Budget 2023. “It is disappointing to see that there are no clear policies on subsidy rationalisation despite repeated indications by the government. “Shadowed by the six state elections in the middle of this year, we think the government […]

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Vietnam: MoF proposes a hike in special consumption tax on cigarettes, beer, and spirits

The ministry is collecting public opinions on the proposal to develop the revised Law on Special Consumption Tax in which the SCT applied in these products should be increased, saigondautu.com.vn reported. HÀ NỘI — The Ministry of Finance has proposed to increase the special consumption tax (SCT) on a number of items harmful to health including tobacco, beer, […]

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