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Malaysia’s economic growth to slow to 4.7% this year

KUALA LUMPUR: Malaysia’s economy is expected to grow at a slower pace of 4.7% in 2018 from 5.9% last year, according to Allianz Group. The German-based insurer and asset management company forecast the gross domestic product (GDP) of Malaysia would decelerate further to 4.6% in 2019 amid a challenging external environment and fiscal consolidation initiatives […]

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Thailand: Commerce attaches put on trade-war alert

Commerce Minister Sontirat Sontijirawong has urged commerce attaches to prepare for a global trade war, which he said is likely to intensify next year.  “It [trade war] will be more intense next year, and we must assess its impact on the country,” said Mr Sontirat to the directors of the Office of Commercial Affairs for […]

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Philippines: Tax hike suspension to cost P41B

While the suspension of the increase in the excise tax on oil will immediately be felt by consumers in terms of lower prices of fuel, spending on some non-infrastructure projects, such as subsidies given to marginalized sectors, might have to be sacrificed. Government will consider slashing non-infrastructure spending due to the P41-billion foregone revenue that […]

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