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ADB sees potential if Philippines divests from coal

MANILA, Philippines — The Asian Development Bank reckoned that the Philippines is brimming with the potential to become a carbon exporter, but it would have to keep its distance from coal-fired energy. That was the assessment of David Raitzer, an economist at ADB, on Thursday at the launch of the multilateral lender’s new report “Asia in […]

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Policies take effect in Vietnam in May 2023

A string of fresh policies on land management, procedures for collection and payment of fines, investment of state capital in enterprises shall come into effect in May. Amendments of Law on Land implementation  Decree 10/2023/ND-CP dated April 3, 2023 amends a number Decrees guiding the implementation of the Law on Land. Decree 10 is expected to remove […]

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Thailand: Fuel consumption surges during Q1

Fuel consumption in the first quarter increased to a level greater than usage in 2019, following a drop for two consecutive years when Thailand endured the impact of the pandemic, according to the Department of Energy Business (DOEB). From January to March, fuel demand rose by 5.65% to 161 million litres per day (MLD) on average, […]

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Cambodia calls for strong revival in GMS tourism

Cambodia called for stronger regional cooperation and the revival of tourism in the Greater Mekong Subregion (GMS). The GMS includes Cambodia, the People’s Republic of China, the Lao People’s Democratic Republic, Myanmar, Thailand, and Vietnam. Talking at the Mekong Tourism Forum 2023, which concluded yesterday at the Independence Hotel in Sihanoukville, Tith Chantha, Permanent Secretary […]

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Singapore manufacturers, services firms slightly more upbeat about outlook for next 6 months

SINGAPORE manufacturers and services firms appear slightly more upbeat about business conditions in the next six months compared to the previous quarter, separate quarterly surveys showed on Friday (Apr 28). A net weighted balance of 2 per cent of manufacturing firms anticipate a favourable business situation from April to September, according to the latest release […]

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