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Philippines: Creating a transport bubble for the fully vaccinated

Yesterday, I met with Transportation Secretary Art Tugade to recommend the possible deployment of buses for fully-vaccinated individuals. As I have suggested, this is to make sure that fully-vaccinated passengers are still protected within a transportation bubble, so there are no gaps as they travel from their homes to workplaces, and vice-versa.  Currently, when fully-vaccinated […]

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Offshore wind in Vietnam: lack of rules on environmental impact assessment

Experts have said that concise and detailed regulations will facilitate investors and mitigate the impact on the environment. Local experts have warned that Vietnam lacks regulations on environmental impact assessment (EIA) for offshore wind power projects despite lots of potentials. Review on Vietnam’s law regarding EIA shows that regulations on project examination remain brief and […]

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Thailand: MPC raises alarm on headwinds

The Bank of Thailand is concerned about business closures and layoffs attributed to the prolonged Covid-19 outbreak, which is adding significant downside risks to the economy. The central bank on Wednesday released the edited minutes of the Monetary Policy Committee (MPC) meeting last week, which revealed the financial position of businesses, especially those in the […]

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Vietnam’s power development plan to drive LNG growth

The draft power development plan (PDP) VIII estimates about US$128.3 billion will be needed over the next decade, in order to achieve the natural gas and renewables targets. The main drive behind stronger gasification in Vietnam will come from the State, as Vietnam’s latest state PDP VIII (2021-2030), published in February 2021, sets higher targets […]

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Philippines: Government cuts growth target on heightened virus risks

MANILA, Philippines — The country’s economic managers further slashed the growth outlook for this year following the reimposition of stricter mobility restrictions in various parts of the country. The Cabinet-level Development Budget Coordination Committee (DBCC) said yesterday its gross domestic product (GDP) growth target of six to seven percent has been compromised by the heightened […]

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