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Laos Imports Over 80,000 Vehicles in 2022

The President of the Lao Automotive Industry Association informed the public in a meeting on 5 June that Laos imported 80,708 vehicles including cars, motorbikes, and EVs in 2022. President of the Lao Automotive Industry Association Pasatxay Philaphandeth said that of the 80,708 vehicles imported, 21,887 of them were internal combustion engine cars that use fuel to operate and […]

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Philippines: Inflation eases to 6.1% in May

MANILA, Philippines — The country’s inflation rate eased for the fourth straight month in May due to slower increases in transport and food prices, the Philippine Statistics Authority (PSA) said. National statistician Dennis Mapa, in a briefing, yesterday said that headline inflation or the rate of increase in prices of goods and services slowed down […]

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Thailand: Defining the goals of zero-based budgets

Zero-based budgeting (ZBB) is one of the policies included in the 23-point memorandum of understanding signed by leaders of eight political parties seeking to form a new coalition government following the general election. The Move Forward Party (MFP) proposed the implementation of ZBB to replace the current budgeting practice, arguing that the existing system does not respond […]

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Malaysia: Consumer sector to ride on resilient demand and tourism

PETALING JAYA: The outlook for the consumer sector remains positive with robust retail trade projected following increased tourism activities and resilient demand for staple-related products. According to MIDF Research, retailers such as Aeon Co (M) Bhd, Padini Holdings Bhd, QL Resources Bhd, Fraser & Neave Holdings Bhd (F&N) should benefit from the upward trend in retail sales this year. The research […]

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Thailand: Officials offer bleak view on latex medical gloves

Manufacturers of medical gloves made from rubber latex can expect a continued decline in exports this year, following the easing of Covid-19 infections and a ban on gloves made from natural rubber by some countries, says the Office of Industrial Economics (OIE). The ban resulted from allergies to natural rubber. “Glove exports decreased significantly since last […]

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