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Thailand: State spending targets laid out for fiscal 2023

The government is planning a fiscal 2023 budget worth 3.185 trillion baht, with a deficit of 695 billion baht for the fiscal year, which starts next October. According to Chalermphol Pensoot, director of the Budget Bureau, the budget was approved at yesterday’s meeting between Prime Minister Prayut Chan-o-cha and four economic agencies. The planned deficit […]

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Chinese-invested Sihanoukville SEZ benefits Cambodians

The Chinese-invested Sihanoukville Special Economic Zone (SSEZ) has brought tangible benefits to local residents in Cambodia’s coastal city of Sihanoukville. HOdo Group, one of China’s largest apparel manufacturers, based in east China’s city Wuxi, has been working with Cambodia since 2018 to build the special economic zone in Sihanoukville. According to the company, the SSEZ […]

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Malaysia: Ringgit opens higher as Omicron fears recede

KUALA LUMPUR, Dec 24 ― The ringgit extended its uptrend today as reduced Omicron fears helped boost risk appetite. At 9.05am, the local note stood at 4.1960/2010 versus the greenback compared with 4.1980/2020 at yesterday’s close. Data show that Omicron has lower risk of hospitalisation while its patients have also suffered milder symptoms. A trader […]

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Philippines: Wages, salaries of agri workers down in 2020

MANILA, Philippines — The average basic wage and salary paid to the country’s agriculture workers declined by 1.6 percent last year, data from the Philippine Statistics Authority (PSA) showed. In its Agricultural Indicator Systems: Employment and Wages in the Agriculture Sector report, the PSA said the average basic wage and salary paid to agriculture workers […]

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