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Uncontrollable Inflation Reaches 8 Percent in Laos

Laos’ year-on-year inflation rate increased to 8.5 percent in March, the highest recorded in some years. According to information provided by the Bank of Laos, inflation has now reached a five-year high after reaching 10% in January 2016. The main drivers of inflation for Laos, which has one of the highest rates of inflation in […]

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Philippines: GDP growth in 2021 revised upward to 5.7%

MANILA, Philippines — The Philippine economy expanded at a slightly faster pace of 5.7 percent last year, the Philippine Statistics Authority (PSA) reported yesterday. The PSA said the country’s gross domestic product (GDP), a measure of economic output, grew by 5.7 percent for the full year 2021. This is slightly higher than the 5.6 percent […]

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Beijing boosts regional cooperation with Mekong-Lancang nations

China has committed to many regional development projects under the Belt and Road Initiative and the LMC with the Mekong-Lancang countries. Thong Mengdavid, a research associate of the Mekong Center for Strategic Studies at the Asian Vision Institute, a think tank in Phnom Penh, told China Daily that China has committed to many regional development projects under […]

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Vietnam: News about auction leaks out, land prices rise

Some localities have not strictly followed procedures when auctioning land. In some cases,  information has leaked out and collusion between organizers and auction participants has occurred. Deputy Minister of Natural Resources and the Environment Le Cong Thanh said at a Government press conference on April 4 that over the last two years, the Covid-19 pandemic […]

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