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Philippines to remain as largest rice importer next year

MANILA, Philippines — The Philippines will maintain its status of being the world’s biggest rice importer by 2020, according to the United States Department of Agriculture-Foreign Agricultural Service (USDA-FAS). The country is seen importing some 2.7 million metric tons of rice next year, higher than the 2.4 million MT imports of China. “There is an […]

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ADB revamps Asian growth for 2019-20

The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in China and India is weighed down by both external and domestic factors. In a supplement to its Asian Development Outlook 2019 Update released in September, ADB now expects GDP in the region […]

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Malaysia’s IPI rises 0.3% y-o-y in October

KUALA LUMPUR: The Industrial Production Index of Malaysia grew 0.3% in October as compared with the same month last year, underpinned by an increase in the manufacturing and electricity indices. This marked the slowest rate of expansion since February 2013, when output had fallen 4.4%, and was well below the median growth forecast of 1.6% […]

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