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Vietnam ready to become a semiconductor manufacturer

The global chip race is heating up, and Viet Nam should be able to raise its position on the global semiconductor manufacturing map as some leading corporations are investing in chip production in the country, local economists said. Prof. Nguyen Mai, President of the Vietnam Association of Foreign Invested Enterprises (VAFIE), said the adverse impact […]

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Philippines: Budget gap seen at 6% of GDP next year

MANILA, Philippines — The Philippines’ budget deficit is expected to remain wide as the Marcos administration prepares to execute a plan to bring the gap to pre-pandemic levels, according to Singapore-based DBS Bank Ltd. In a report, DBS economist Chua Han Teng said the Philippines aims to reduce the budget shortfall by one percentage point […]

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Malaysia: Cost of living remains a concern

PETALING JAYA: Headline inflation is expected to ease going into 2023, but living costs will remain a concern with retail prices unlikely to come down anytime soon, said an economist. AmBank Research group chief economist Anthony Dass believes the expected global economic slowdown in 2023 would ease the supply-demand imbalances that have been distorting prices. […]

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