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Thailand: Nod for 7+7 provides cheer

Phuket sandbox and other provinces in the south struggling with ways to reopen for international tourists will be buoyed after the CCSA on Monday nailed down the long-awaited 7+7 extension plan. The reopening plan to add destinations as links to Phuket sandbox have been approved in principal by the Centre for Economic Situation Administration (CESA) […]

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Vietnam to keep CPI growth low by end of 2021

Vietnam looks to maintain a Consumer Price Index (CPI) growth lower than 1 per cent a month during the last quarter of 2021 in an effort to keep inflation under the 4 per cent target for the year,  heard a recent meeting between Deputy Prime Minister Le Minh Khai and the National Pricing Management Committee […]

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Singapore non-oil domestic exports rise at slower pace of 12.7% in July, still beating forecasts

SINGAPORE – Singapore’s non-oil domestic exports (Nodx) rose last month at a better than expected pace, aided by electronic and non-electronic shipments such as specialised machinery, pharmaceuticals and petrochemicals. Nodx expanded 12.7 per cent last month from a year ago, after a 15.9 per cent surge in June. This extends the positive growth trend seen […]

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Philippines: Pre-pandemic GDP seen by next year

The Philippine economy will likely be back to its pre-pandemic level next year but further lockdowns could delay the recovery to 2023, an economist from Rizal Commercial Banking Corporation (RCBC) said. “We’re estimating a return to pre-Covid levels for the economy by the latter part of next year,” Ricafort said in a briefing on Monday. Ricafort said […]

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Thailand: NESDC cuts growth forecast to 0.7-1.2%

The government’s planning unit has downgraded its economic growth forecast for a third time to a range of 0.7-1.2% this year from 1.5-2.5% made in May, 2.5-3.5% made on Feb 15 and 3.5-4.5% growth made in November last year, as Covid-19 cases surge. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), […]

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