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Philippines seen to contract by 6% from July to September

MANILA, Philippines — The Philippine economy contracted for the third straight quarter with the gross domestic product (GDP) shrinking by six percent from July to September as mobility restrictions were extended due to rising COVID-19 cases, according to Moody’s Analytics. In its latest Asia Pacific economic preview, the research arm of Moody’s Investors Service said […]

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Japan and Cambodia bilateral trade dropped 25%

Bilateral trade between Cambodia and Japan was worth $1,548 million in the third quarter of the year, down 25 percent compared with the same period last year, according to a record by Japan External Trade Organization (JETRO). From January to September this year, Cambodia exported $1,208 million, down 5.6 percent compared with the same period […]

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Malaysia: V-shaped economic recovery likely in 2021

PETALING JAYA: The government’s official guidance of a 6.5%-7.5% gross domestic product (GDP) growth in 2021 is largely in line with the forecasts of economists. After falling into a recession in 2020, the Malaysian economy is projected to stage a “V-shaped” recovery next year. However, economists cautioned that the pace of recovery would largely depend […]

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Thailand: Limit set for CP to appeal deal ruling

The Charoen Pokphand (CP) Group can challenge the Trade Competition Commission’s (TCC) decision on the Tesco acquisition deal via the Administrative Court within 60 days, the commission said. The TCC ruled by majority in favour of the transaction, but imposed certain conditions, including a three-year ban on additional acquisitions in the same sector to prevent […]

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