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Philippines to become 18th largest economy by 2037 — report

MANILA, Philippines — The Philippines is expected to become the 18th largest economy in the world over the next twenty years, Capital Economics reported, citing the Southeast Asian nation’s young workforce. In its “Long-Term Global Economic Outlook” report released last week, the London-based economic research consultancy forecasts the Philippines’ nominal gross domestic product to hit $1.414 […]

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Indonesia: Retail sales growth slumps in October: BI

Bank Indonesia’s survey on the retail sector has shown that sales growth in October declined to less than half the figure in September. The BI survey records a 2.9 percent year-on-year (yoy) retail sales index (RSI) for October, lower than the 4.8 percent yoy RSI for September. The highest growth was recorded in clothing and public transportation fuel, which respectively contributed 24.6 […]

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Malaysia August industrial output up 2.2% on-year

KUALA LUMPUR (Oct 11): Malaysia’s industrial production index (IPI) increased 2.2% in August 2018 from a year earlier as manufacturing and electricity output rose, the Statistics Department said today. In a statement today, the department said the IPI’s manufacturing and electricity segments increased 4.3% and 4% respectively while the mining component declined 4.6%. “The Department […]

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