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Laos: Inflation rate closes in on two digits

The year-on-year inflation rate in Laos surged to 9.9 percent in April, the highest figure recorded since January 2016, according to the latest report from the Lao Statistics Bureau. The consumer price index jumped at its fastest pace in recent months, further putting the squeeze on consumers with more to be paid for food, fuel […]

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Thailand: Arkhom pushes digital to hit revenue goal

Finance Minister Arkhom Termpittayapaisith is confident the government will meet its revenue target of 2.4 trillion baht in fiscal 2022. Mr Arkhom said he instructed the three main tax collection departments to utilise digital technology to boost revenue gathering and make payments easier. He said people should not be concerned about the government meeting its […]

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Indonesian economy maintains steady growth momentum in Q1

JAKARTA : An historic rise in commodity prices and relaxation of COVID-19 curbs helped Indonesia’s economy grow for a fourth straight quarter between January and March, official data showed on Monday. Southeast Asia’s largest economy grew 5.01 per cent in January-March from the same period last year, compared with 5.02 per cent growth in October-December. […]

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Vietnamese textile and garment sector makes eco-friendly moves

Vietnamese textile and garment businesses are making a green push with research and development of eco-friendly materials and technologies to adapt to global sustainable fashion trends. The HCM City-based Thanh Cong Textile Garment-Investment-Trading Joint Stock Company (TCM) now uses recycled polyester, vicose annd recycled cotton that are made from recycled bottles, maize, sugarcane and old […]

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Philippines: Slower Q1 growth seen

Due to January COVID surge MANILA, Philippines — Economists are looking at a slower gross domestic product (GDP) growth in the first quarter as the surge in COVID cases to record highs in January due to the more contagious Omicron variant prompted the government to reimpose stricter quarantine and lockdown protocols in the National Capital […]

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