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Philippine economy to suffer if Delta variant spreads

MANILA, Philippines — The Philippine economy will be at the losing end anew once the Delta variant infects more people and prompts the government to impose another round of strict lockdown measures, highlighting the need to expedite COVID-19 vaccination in the country, economists said. The country is facing another threat of COVID-19 case resurgence with […]

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Vietnam: Hanoi ensures goods supplies amid social distancing

Hanoi’s authorities advise people against stockpiling goods and gathering at supermarkets and stores to avoid disease transmission. The Hanoi Department of Industry and Trade affirmed the city ensures the supply of basic necessities of the locals, even in case of an exponential surge in demand. The announcement came after local residents flock to supermarkets and […]

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Asian markets drop on inflation, virus worries

AFP – Asian markets sank yesterday following big losses on Wall Street as inflation worries and the spreading Delta virus variant fuel worries about the global recovery, while oil prices also sank after top producers reached a deal to hike output. Hong Kong was the worst hit after the United States warned businesses about the “growing […]

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Thailand: Herb sellers told not to price gouge

Vendors could face up to seven years in jail or a fine of not more than 140,000 baht or both if they gouge prices of medicinal herbs, warned the Internal Trade Department. The department’s warning came after a surge in demand for medicinal herbs such as white galingale, ginger, galangal, kaffir lime leaves and lemongrass. […]

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Cambodia: New trading scheme may help the Kingdom’s exporters, Britain says

Cambodians are being encouraged to take part in the UK government’s public consultation on new trading rules that it says will help countries fight poverty. The UK Developing Countries Trading Scheme (DCTS) sets out the British government’s approach to preferential market access for developing countries, including simplified rules of origin requirements and lower tariffs. “The […]

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Philippines: Imported car sales up 55% in Jan-June

The sales of imported cars jumped in the first six months of the year, the Association of Vehicle Importers and Distributors Inc. (AVID) said on Monday. The importer group reported that car sales improved by 55 percent to 30,153 units in January to June from 19,509 units in the same period last year. AVID said June sales alone outpaced […]

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