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Philippines: Budget utilization moderate in Q1

MANILA, Philippines — Budget utilization by government agencies eased in the first quarter, according to the Department of Budget and Management (DBM). Agencies used up P788.85 billion out of the P810.68 billion released through Notices of Cash Allocation (NCA) from January to March. This resulted in a utilization ratio of 97 percent, down from 99 […]

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Thailand: Wearables segment sees steady growth

Thailand’s shipments of wearables grew 47.3% year-on-year to 3.46 million units in 2020 despite the pandemic as Chinese smartphone vendors made forays into this segment, according to International Data Corporation (IDC), a tech market research firm. The growth was supported by strong uptake of earwear, which grew 97% to 1.3 million units in 2020. In […]

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Thailand: Demand for office space remains robust

Though the pandemic has affected many tenants, demand for office space in Bangkok in the first quarter remained strong, driven by the growth of e-commerce, tech and logistics businesses. Phattarachai Taweewong, research and communication director at property consultant Colliers Thailand, said demand for Bangkok office space remained robust, although there was a drop in the […]

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Philippines: Debt payments decline in February

MANILA, Philippines — The government settled less of its local and foreign obligations in February, with payments reaching P33.3 billion during the month, according to the Bureau of the Treasury (BTr). Debt payments in February were more than four times lower than the P144.64 billion in February 2020, as less amortizations were made. The bulk […]

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