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Vietnam competes to lure Chinese travelers

Vietnam needs to make efforts to change the perception of the country as a low-cost destination and lure more upscale Chinese tourists. The border gates between China and other countries, including Vietnam, are seeing thousands of entries and exits as China officially reopened its border on January 8, 2023. The number of people registering for […]

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Philippines: Economy likely grew 4.6% in Q4

MANILA, Philippines — The Philippine economy likely posted a much slower growth rate in the fourth quarter of 2022 after posting above-seven percent growth in the first three quarters of last year, according to United Kingdom-based think tank Pantheon Macroeconomics. “Growth likely fell to 4.6 percent year-over-year, after five straight quarters of seven percent prints […]

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Central bank rates seen peaking soon in SE Asia

MANILA: Southeast Asian central banks look like they are close to done fighting inflation using interest rates, with economists seeing the tightening cycle ending after 25- to 50-basis points of moves in the coming months. Policymakers in Indonesia, Philippines and Thailand will each raise borrowing costs by a total half-point in the coming months before reaching their […]

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