indo02
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Indonesia’s foreign debt rises to $413b in October

Indonesia’s foreign debt rose to US$413.4 billion in October driven by higher borrowings by the private sector and the government, Bank Indonesia (BI) announced Tuesday. Indonesia’s external debt, which includes government and private-sector borrowings, increased 3.3 percent year-on-year (yoy) in October, lower than 3.8 percent yoy growth recorded a month prior, as the government paid […]

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phil02
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Philippines: Remittances slowly picking up

Higher inflow for 2nd straight month in October MANILA, Philippines — Remittances increased for the second straight month in October as overseas Filipino workers (OFWs) continued to find a way to send their hard-earned money despite the challenges brought about by the pandemic, the Bangko Sentral ng Pilipinas (BSP) said yesterday. Based on BSP data, […]

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Laos: Govt tax breaks aim to spur investment in Xaysomboun

The government has introduced a tax break policy to attract more private investment in Xaysomboun to enable the province to catch up economically with other areas of Laos. The 12-page Decree on Economic Development Policy in Xaysomboun, signed by Prime Minister Thongloun Sisoulith, is being circulated among the sectors concerned. Deputy Minister of Information, Culture […]

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