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Laos Halts Pork Importation from Thailand and Vietnam

The Ministry of Agriculture and Forestry has announced the suspension of pork importation from Thailand and Vietnam amid the outbreak of African Swine Fever (ASF) in the two countries.  The notice issued by the ministry states that the Department of Livestock and Fisheries prohibits the importation of pork, including live pigs and processed products from Thailand and […]

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Brunei: Total y-o-y trade drops by 1.8 per cent last December

The total trade year-on-year recorded a decrease of 1.8 per cent from BND2,513.8 million in December 2021 to BND2,468.6 million in December 2022, according to statistics published by the Department of Economic Planning and Statistics (DEPS). According to the department’s International Merchandise Trade Statistics (IMTS) report for December 2022, the decrease was due to a […]

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Asian currencies subdued as investors await Fed decision

SYDNEY: Most Asian currencies were tepid on Wednesday, with the Philippine peso falling most, as investors await the conclusion of the Federal Reserve’s (Fed) policy meeting for clarity on the future United States rate path. The Philippine peso was on track to snap its five-day gaining streak, falling 0.4%, while the Thai baht remained flat. Traders […]

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Malaysia: Potential in raising the ease of doing business

KUALA LUMPUR: The Ministry of International Trade and Industry (Miti) foresees vast potential for nudging and behavioural insights (BI) in increasing the ease of doing business in Malaysia. Minister Tengku Datuk Seri Zafrul Abdul Aziz, said BI could be utilised in reducing compliance costs and deploying the optimum level of resources on regulatory or procedural […]

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Moody’s unit cuts Philippine GDP growth forecast to 5.7%

MANILA, Philippines — The research arm of the Moody’s Group has slashed its growth forecast for the Philippines to 5.7 percent this year, from an earlier estimate of 7.1 percent, on the back of stubborn and persistently high inflation. Steven Cochrane, chief economist for Asia-Pacific at Moody’s Analytics, said the Philippines had the largest downgrade […]

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