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Indonesia: Govt Aiming for 6.3 Percent Investment Growth

TEMPO.CO, Jakarta – Finance Ministry Sri Mulyani said that the government is aiming for 6.3 percent investment growth in a bid to achieve the economic growth target of 5.4 percent set in the draft 2018 state budget (RAPBN). “We assume that bank loans will grow considerably. Having seen the realization up to mid-year, it must be stepped up,” Sri said in her office yesterday. According to Sri, bank loan growth will be highly affected by the […]

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Philippines – BSP: Peso movement in line with growth goal

The peso’s recent movements are consistent with monetary policies aimed at fostering sustained economic growth, the Bangko Sentral ng Pilipinas (BSP) said. “Pursuing a flexible and adaptive exchange rate policy enables the BSP to keep its interest rate policy settings squarely focused on achieving the inflation target while dampening consumption and supporting a more investment- […]

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APEC discuss WTO’s agreement on technical barriers to trade

HCM CITY — Around 90 delegates from 21 APEC member economies met at a workshop on Monday to discuss ways to enhance regulatory expertise as it relates to WTO’s agreement on Technical Barriers to Trade (TBT). The workshop was held within the framework of the third Senior Officials Meeting (SOM 3) and related meeting being held in the city. Speaking at the workshop, Nguyen […]

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Myanmar receives first budget support from World Bank

The country is receiving its first ever budget support from the World Bank. The World Bank and the Myanmar government signed a US$200 million credit for a First Macroeconomic Stability and Fiscal Resilience Development Policy Operation on August 18, according to a press release from the World Bank dated August 18. The press release added […]

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Philippines: Retailers feel pinch of online shopping

MANILA, Philippines – The country’s retailers are now feeling the pinch of heightened competition from the once ignored, but now rapidly growing online shopping business, industry players told The Star. Samie Lim, chairman emeritus of the Philippine Retailers Association (PRA), said many of their members are losing some customers to online shopping, which has become a […]

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