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Pandemic recovery to boost Brunei GDP next year

BANDAR SERI BEGAWAN, Oct 19 (Borneo Bulletin/ANN): Brunei is seen posting the recovery in 2021, following the Covid-19 pandemic where the International Monetary Fund (IMF) is projecting that the Sultanate’s gross domestic product (GDP) growth to be 3.2 per cent next year while for its mid-term projections for 2025, IMF forecast the Sultanate’s growth to […]

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Investors still optimistic on Philippines growth prospects

MANILA, Philippines — The recovery of foreign direct investment (FDI) inflows demonstrates investors continued confidence in the Philippines’ long-term growth prospects, according to the Department of Finance (DOF) . In his latest economic bulletin, Finance undersecretary Gil Beltran said that while FDIs initially suffered following the imposition of lockdowns in mid-March, inflows showed a quick […]

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Singapore firms told to be responsible in retrenching

SINGAPORE: A day after the National Wages Council issued fresh guidelines on pay, tripartite partners followed up with an updated framework for retrenchments signalling that the job situation ahead remains grim. Employers must ensure objective criteria, such as ability, experience and skills, are used should they need to retrench workers. They should also lean towards […]

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Thailand: Social media gets bounce from protests

Fresh political tensions have spurred communication on social media, with posts shooting up almost 100% from normal days to 40 million on Thursday, says social media analytics firm Wisesight. Brands have begun to hold back on digital media spending in the fourth quarter as political messages flood online platforms, drawing attention away from commercial activity. […]

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