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Thailand: Hotel, retail shares plunge beneath new Covid wave

Thailand’s benchmark SET Index of stocks dropped as much as 1.4% as Prime Minister Prayut Chan-o-cha said he’s concerned about a new wave of Covid-19 infections sweeping the nation’s capital and hinted at fresh control measures to stem the outbreak that’s already forced the closure of dozens of nightlife entertainment venues. Gen Prayut chose to […]

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IMF Cuts Indonesia Growth Projection Amid Global Upgrades

Jakarta. The International Monetary Fund (IMF) has revised on Tuesday its 2021 global economic growth projection upward as a boost from the United States giant fiscal stimulus would propel the global economy while emerging countries like Indonesia underperform.  The IMF World Economic Outlook projected the global economy would recover from its 3.3 percent contraction last year to expand by 6 […]

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IMF maintains Malaysia’s GDP growth at 6.5% this year

KUALA LUMPUR: The International Monetary Fund (IMF) maintains its forecast on Malaysia’s gross domestic product (GDP) growth this year at 6.5 per cent, according to its latest World Economic Outlook (WEO) report published today. Themed “Managing Divergent Recoveries”, the report also stated that the country’s economy is expected to grow at 6.0 per cent in […]

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Philippines: Inflation eases to 4.5% in March

MANILA, Philippines — Inflation unexpectedly eased in March, halting five straight months on the upswing, as prices of most food items – except meat – slowed down, but pressure remains as the rate is still above the government’s target band for the year. Headline inflation the rate of increase in the consumer price index went […]

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