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Philippines: Inflation slows to 4.1% as transport costs ease

MANILA, Philippines — Price increases in basic goods and services eased in June, the slowest pace in six months, as transport costs decelerated with base effects fading from last year’s pandemic-related restrictions despite still elevated global oil prices. Headline inflation the rate of increase in the consumer price index slid to 4.1 percent in June […]

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Thailand: Fetco suggests government raise public debt ceiling

The Federation of Thai Capital Market Organizations (Fetco) has suggested the government consider raising the public debt ceiling from 60% of GDP because the country requires more economic relief funds amid a worsening pandemic and the possibility of a delayed reopening. Paiboon Nalinthrangkurn, chairman of Fetco, said Thailand’s public debt is likely to surpass the […]

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Vietnam: Pilot Mobile Money service to be licenced next month

Local telecommunications network providers have been approved to pilot several Mobile Money services next month after more than two years of waiting. These services will allow the use of mobile phone credit to pay for small-value goods and services. Tran Duy Hai, Deputy Head of the MIC’s Telecoms Department told Đầu tư (Vietnam Investment Review) that during those two […]

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