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Philippines agricultural trade deficit up 33% in 2022

THE Philippines’ agricultural trade deficit widened substantially last year as imports again outstripped exports, the Philippine Statistics Authority reported on Tuesday. Agricultural trade totaled $26.8 billion in 2022, 19 percent higher compared to the previous year’s $22.5 billion. Imports comprised nearly three-fourths or P19.3 billion while exports accounted for $7.5 billion. The resulting $11.8-billion deficit […]

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Motorists in Laos Urged to Pay Road Tax by September

The Ministry of Finance has advised residents across the country to pay their road taxes by September this year. The ministry has issued a notice addressing individuals, legal entities, and organizations that own or use vehicles to clear their road tax payments by the end of September. Car shop owners will pay road taxes for vehicles that […]

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Malaysia: Inflation rate to hover between 3% and 3.5%

PETALING JAYA: Analysts have mixed views on the inflation outlook for Malaysia in the near term but expect it to hover between 3% and 3.5% for the year underpinned by slower economic growth and stable commodity prices. In March, the consumer price index (CPI) moderated to 3.4% year-on-year (y-o-y) from 3.7% y-o-y in February this […]

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Singapore factory output falls 4.2% in March in sixth month of contraction; economists expect slump to continue

SINGAPORE’S manufacturing output contracted less than expected in March, but economists expect the industry’s slump to continue for at least the first half of 2023. Industrial production fell 4.2 per cent year on year in March, marking the sixth straight month of contraction, according to data from the Singapore Economic Development Board (EDB) on Wednesday […]

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