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Laos: Corruption causing major loss to the nation

The state lost more than 480 billion kip through corruption over the past five years, and this directly affected national development and poverty reduction efforts in Laos, the State Inspection Authority (SIA) has said.   The SIA uncovered the misappropriation in different sectors due to officials taking bribes and abusing power for their personal gain as […]

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Steady growth seen in Malaysian services sector

KUALA LUMPUR: Malaysia’s services sector grew at an annual growth rate of 7.2% to 818,311 establishments between 2010 and 2015, the Department of Statistics Malaysia revealed. According to the findings of the Economic Census 2016 for the services sector, sector income grew 8.3% per annum (p.a.) to RM2,004bil over the same five-year period, while value […]

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