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Philippines: Tourism share in GDP lowest in over 10 years

MANILA, Philippines — Tourism’s contribution to gross domestic product (GDP) last year fell to below P1 trillion, its lowest in more than a decade, as expenditures on travel declined by double digits due to border restrictions put in place by the government. In a report, the Philippine Statistics Authority (PSA) said gross value added (GVA) […]

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Asean food systems need transformation

THE Southeast Asian Regional Center for Graduate Study and Research in Agriculture (Searca) recently hosted a dialogue aimed at making the region’s food systems stronger and more sustainable. Results of the “Breaking Silos: Transforming Agricultural Education and Research toward Sustainable Food Systems in Southeast Asia” dialogue will be used to inform the first-ever United Nations […]

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Thailand: State to ask Hanoi to review sugar tax

Thailand looks set to ask Vietnam to review its punitive measures on Thai sugar and open a new investigation next year after Vietnam ruled to impose an anti-dumping (AD) levy of 47.64% on some sugar products from Thailand. Keerati Rushchano, director-general of the Foreign Trade Department, said that after one year of Vietnam imposing the […]

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Thailand: Meeting set to address household debt issue

The Finance Ministry, the Bank of Thailand and state-owned banks will hold a meeting soon to find ways to help ease the hardship caused by the pandemic among individual borrowers, said Deputy Finance Minister Santi Promphat. He said the meeting will focus on how to reduce the banks’ interest rates. If the interest is still […]

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