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Vietnam: April’s consumer price index down 0.34% on month

In the first four months of this year, the index rose by 3.84 per cent year on year, mainly due to increases in prices of education, housing and construction materials, culture, entertainment and tourism, food, and electricity. HÀ NỘI — The consumer price index (CPI) in April decreased by 0.34 per cent month-on-month, but increased by 2.81 per […]

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ASEAN merchandise trade may grow over 3% this year

BANGKOK, Thailand – Merchandise trade volume in the ASEAN region is expected to grow by over three percent this year, expanding at a slightly faster rate than overall Asia, according to an economist from the World Trade Organization (WTO). During the Outreach for Southeast Asia and Pacific journalists organized by the WTO in Bangkok, Thailand, WTO […]

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Philippines: Revised VAT zero-rating to encourage local sourcing

MANILA, Philippines — The revised regulations on value added tax (VAT) zero-rating is seen to encourage Philippine Economic Zone Authority (PEZA)-registered business enterprises (RBEs) to source more of their service requirements locally. In a message to reporters, PEZA director-general Tereso Panga explained that before the revised guidelines, RBEs were exposed to VAT payments because the […]

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More Thais making online gold purchases

The value of gold savings owned by Thais on online platforms rose 60-70% in the first quarter of 2023 from a year earlier as global prices rose by more than 8% during the period, while domestic gold prices hit a record, according to YLG Bullion International Co. Thailand’s leading manufacturer and exporter of authentic gold jewellery […]

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