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Philippines: Joblessness, underemployment worsen in January as temporary holiday jobs fade

MANILA, Philippines (Updated 10:53 a.m.) — The proportion of jobless Filipinos went up in January while job quality deteriorated as the sheen of temporary jobs offered by the holiday rush faded, adding to the problems of the Marcos Jr. administration already beseeched by brutal inflation.  Results of a nationwide survey of 44,302 households showed there were 2.37 million […]

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Inflation forcing Asian nations to tighten monetary policies

High inflation pressures in many Asian countries including Laos are driving central banks to tighten monetary policy more quickly than expected, according to a new report by the Asian Development Bank (ADB). The Asian Economic Integration Report 2023 stated that tightening monetary policies to contain inflationary pressures in many advanced economies are affecting external demand […]

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Cambodia’s vehicle population grows by 11.3%

Cambodia recorded an average annual increase of 11.3 percent in the number of vehicles registered in the country in the last five years, according to the vehicle registration management system of the Ministry of Public Works and Transport (MPWT). The number of vehicles registered in the country from 1990 to 2022 stood at over 6.7 […]

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Vietnam plans to raise tax on plastic bags and packaging

HANOI (XINHUA) – Vietnam’s Ministry of Justice has put forward a plan to increase tax rates on non-biodegradable plastic bags and packaging, as well as impose new excise taxes on single-use food and drink containers made from polystyrene foam, local newspaper Vietnam News reported yesterday. A draft proposal, to be submitted to the National Assembly, […]

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