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Laos’ trade deficit hits US$17 mn in April

Laos registered a trade deficit of US$17 million in April, according to official statistics released on Tuesday. Imports and exports during the fourth month of the year totalled US$ 947 million. Exports hit US$465 million, while imports touched approximately US$482 million, according to figures from the Lao Trade Portal of the Ministry of Industry and […]

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Thailand: Clarifying departure levy scuttlebutt

As the general election draws near, implementing collection of a new tax is an extremely sensitive issue and almost unheard of as a political tactic. Given this backdrop, the Revenue Department sidestepped concerns last week that it is considering a new departure tax on outbound travellers, based on a 40-year-old “emergency decree”. The department confirmed it […]

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Philippines: BSP likely to keep rates on hold next week

MANILA, Philippines — DBS Bank Ltd. of Singapore and Japan’s Nomura expect the Bangko Sentral ng Pilipinas (BSP) keeping interest rates steady and ending its tightening cycle amid the downtrend in inflation that eased to an eight-month low of 6.6 percent in April from 7.6 percent in March. Chua Han Teng, economist at DBS, said […]

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