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Philippines: Trade deficit likely weakened in April

MANILA, Philippines — The country’s trade gap likely widened in April from the previous month, with both exports and imports expected to have posted declines, according to United Kingdom-based think tank Pantheon Macroeconomics. Pantheon Macroeconomics chief emerging Asia economist Miguel Chanco and senior Asia economist Moorthy Krshnan said in a report that the country’s trade […]

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Vietnam PM: Priority is to grow economy

HANOI: Vietnam needs to prioritise growing the economy with inflation under control and its export-dependent businesses struggling with declining orders, says Prime Minister Pham Minh Chinh during the government’s monthly meeting last Saturday. Inflation in May quickened 2.43% from a year ago, the lowest level in 14 months, according to government data. But the government […]

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Thailand at risk of drought as water demand outstrips supply

Thailand is at risk of water scarcity in the eastern region, where the government’s flagship investment project Eastern Economic Corridor (EEC) is being developed, as water demand grows while supply is limited, says the Federation of Thai Industries (FTI). Climate change could intensify drought in this region, said Somchai Wangwattanapanich, vice-chairman of the FTI and chairman […]

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