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Philippines: Unemployment rate eases in 2019

MANILA, Philippines — Unemployment eased in 2019 as more Filipinos joined the workforce, the Philippine Statistics Authority (PSA) reported. Preliminary results of the 2019 Annual Estimates of Labor Force Survey showed that based on the average of the four LFS rounds – January, April, July and October – the country’s labor force population – Filipinos […]

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Vietnam needs US$10 billion a year for energy sector

The Hanoitimes – The deputy PM said Vietnam needs to mobilize domestic financial sources and credits to develop 8,000 megawatts per year. Vietnam is seeking the World Bank’s finance for its growing energy sector which needs roughly US$9-US$10 billion per year. Vietnam needs to mobilize domestic financial sources and loans to fulfil its power generation target […]

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Myanmar: Draft bill on alcohol imports nears completion

Legislation intended to relax Myanmar’s existing ban on alcohol imports has moved to the attorney general for approval, according to the commerce ministry. Trade Department Director-General U Minn Minn told The Myanmar Times that the ministry had finished drawing up the regulations and once the draft legislation was approved by the attorney general it would be presented to the […]

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Indonesia’s spat with EU over palm oil escalates

WHAT started as a spat with the European Union (EU) over Indonesian palm oil has escalated into a far broader trade dispute with imported European spirits and now dairy products caught in the crossfire. Trade tensions have ratcheted up since the European Commission concluded in March that palm oil causes excessive deforestation and should not […]

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