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Philippines: Budget gap widens further in 6 months

MANILA, Philippines — The government’s fiscal deficit widened further to P560.4 billion from January to June as the COVID-19 pandemic resulted in higher disbursements but lower revenues year-on-year, according to the Bureau of the Treasury. According to the latest data from the BTr, the government incurred a fiscal deficit of P560.4 billion in the first […]

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PESTECH approved for Cambodia stock market

PESTECH (Cambodia) Plc, a subsidiary of Malaysia-based PESTECH International Bhd, has been granted an approval to proceed with its Initial Public Offering (IPO) on the Cambodia Securities Exchange (CSX), the company announced. Executive Chairman of PESTECH (Cambodia) Paul Lim, said that listing on the CSX marks another milestone for PESTECH Group to solidify the company’s  geographical […]

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EVFTA brings opportunity to restructure Vietnam textile industry

The Hanoitimes – The ability for Vietnam’s textile industry to take advantage of the EU – Vietnam trade deal will depend on the local domestic supply chain. Requirements for product origin under the EU–Vietnam Free Trade Agreement (EVFTA), would bring an opportunity for Vietnam to restructure its textile industry, according to Viet Dragon Securities Company (VDSC). […]

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Singapore senior minister: Unemployment benefits may be considered if there is high structural unemployment over time

SINGAPORE, July 23 — Singapore has managed to keep unemployment rates relatively low so far through traineeship and job matching programmes, in spite of the devastating impact of the Covid-19 pandemic. However, it may have to consider instituting some form of unemployment benefits if this approach fails and Singapore ends up with high structural unemployment over […]

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Thailand: Hotels see low demand for 4-day weekend

Hotels still face sluggish sentiment for the upcoming four-day weekend holiday, resulting from concern over the economic situation and complicated processes involved in the “We Travel Together” tourism stimulus measure. As the economy has decelerated because the majority of businesses were affected by the virus to different degrees, many people are now careful about spending […]

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