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Indonesia’s GDP recovery seen unaffected by capital outflows

JAKARTA: Indonesia’s economic recovery will not be disrupted by recent capital outflows and Southeast Asia’s largest economy is set to grow close to 5% this year, a central bank deputy governor said on Friday. Emerging markets have seen capital outflows in recent weeks pressuring their currencies, triggered by uneven economic recovery globally and rising U.S. […]

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Philippines: Remittances seen to grow by 4%

MANILA, Philippines — Security Bank Corp. expects remittances from overseas Filipino workers (OFWs) growing by four percent to a record high $31 billion this year due to the ongoing global rollout of COVID-19 vaccines. Data from the Bangko Sentral ng Pilipinas (BSP) showed personal remittances slipped by eight percent to $33.19 billion last year from […]

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