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Delayed recovery to slash Philippine GDP growth to 7.1%

MANILA, Philippines — Sporadic COVID-19 outbreaks in Southeast Asia are threatening to delay recoveries and could slash the projected gross domestic product (GDP) growth of the Philippines to 7.1 percent instead of 9.6 percent this year, according to S&P Global Ratings. In a report, the debt watcher said the major emerging markets in the region […]

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World Bank: Malaysian economy to recover this year

KUALA LUMPUR: Malaysia’s economy is expected to return to positive growth this year, along with other economies globally on the sustained progress in the vaccine rollouts that will boost consumption worldwide, the World Bank Group said. Its Macroeconomics, Trade and Investment Global Practice lead economist, Richard Record, said the group expects the vaccine deployment can […]

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Thailand: FTI warns of energy impact on exports

Federation of Thai Industries (FTI) is warning Thai exporters to brace for non-tariff barriers (NTBs), likely to be imposed by developed countries on their products, if Thailand fails to increase the proportion of renewable energy in its energy portfolio. FTI’s Renewable Energy Industry Club chairman Suvit Thoraninpanich said on Monday his club is alerting both policymakers […]

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How cloud banking can enhance financial inclusion across South-east Asia

Today, more than one billion people across Asia Pacific do not have access to formal financial services. Southeast Asia experiences particularly low levels of financial inclusion, with nearly three quarters of the population either ‘under-banked’, i.e. with limited access to financial services, or ‘unbanked’, i.e. completely excluded from the current financial services landscape. The Philippines […]

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