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Trade remedy lawsuits soar as Vietnamese exports rise

There have been 208 trade remedies related lawsuits faced by Vietnam’s exports sector since 2005, four times the number until then. Le Trieu Dung, head of the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade, said as Vietnam’s export turnover continues to grow, more investigations and trade remedies measures were inevitable. […]

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Thailand, Laos, China meet virtually to discuss dual-track railway link

Representatives from Thailand, Laos and China held a tripartite meeting via video conferencing on Friday to discuss the construction of a dual-track railway link between the three countries. Attending were Transport Ministry’s deputy permanent secretary Sorapong Paitoonphong and officials from other transport-related agencies like the Department of Rail Transport (DRT) and State Railway of Thailand […]

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Philippines: Strong dollar, strong peso

The US dollar surged to its highest level in 16 months as investors weighed in on the possible Fed tightening as early as mid-2022. This is well ahead of the contemplated moves of other major central banks. Last Friday, Fed vice chair Richard Clarida said that it may be appropriate for policymakers to discuss whether […]

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Vietnam prices rise despite easing Covid rules

While most manufacturing enterprises resumed operations as pandemic restrictions were eased, significant challenges remain because of the rising cost of petrol and raw materials. The price of consumer goods is expected to increase sharply as a result. Duyen Hai Economic Development Co (Cofidec) director Dang Thi Phuong Ninh told local media: “Every commodity has increased […]

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Oxford raises Philippines’ GDP forecast to 4.6%

MANILA, Philippines — The Philippine economy is seen growing 4.6 percent this year following the stronger than expected performance in the third quarter and as recovery continues to pick up pace. In an email to The STAR, Oxford Economics assistant economist Makoto Tsuchiya said the think tank further hiked its gross domestic product (GDP) prospects […]

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