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Philippines: External debt soars 18% to $98.5 billion in 2020

MANILA, Philippines — The country’s external debt surged by nearly 18 percent to $98.49 billion in 2020 from $83.62 billion in 2019 as the government borrowed more to finance its pandemic response efforts and various infrastructure projects, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. He attributed the increase to the issuance of […]

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Cambodia boosting inclusive businesses

Cambodia is taking the lead in ASEAN regional adoption of the model for inclusive businesses by launching the Inclusive Business Landscape Study Report. The study was announced at the inaugural Inclusive Business Champions Meeting for Cambodia, which was held virtually  under the direction of Cham Prasidh, Senior Minister, Minister of Industry, Science, Technology and Innovation. […]

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Thailand: Uncertainty for the elderly

Thailand’s elderly population is growing rapidly. The country is already considered an “ageing” society, meaning 10% of the population is aged 60 and over, and has been since 2005. It is transitioning to an “aged” society, with those aged 60 and over set to account for 20% of the population this year. Thailand’s trajectory sees […]

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