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Thailand: Food exports seen at record high this year

Thailand’s food exports are expected to rise by 2.1% to a record of 1.5 trillion baht (US$44.31 billion) this year, helped by a recovery in global demand and China’s reopening, a leading industry group said on Wednesday. The country’ food shipments, which account for 14.6% of the total, increased 10% year-on-year to 346 billion baht in […]

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Philippines: P150 minimum wage hike inches forward in Senate

MANILA, Philippines — The Senate labor panel approved “in principle” on Wednesday a proposal for a P150 across-the-board daily minimum wage hike after just one public hearing. Labor panel chairperson Sen. Jinggoy Estrada ended Wednesday’s hearing on proposals for a legislated wage hike by sending it to a technical working group, indicating that committee deliberations […]

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Indonesia tax cut drives electric car sales for Hyundai, Wuling

JAKARTA, May 10 (Reuters) – Sales of electric cars in Indonesia jumped last month after the government launched tax incentives, auto executives said, in an early sign that electric vehicle (EV) adoption is gaining traction in Southeast Asia’s largest economy. Effective from April, Indonesia cut the value-added tax (VAT) on electric cars from 11% to just 1%, […]

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