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Malaysia: Outlook for exports positive for rest of 2021

PETALING JAYA: Rising vaccination rates, gradual lockdown easing measures and a global economic rebound are expected to spur Malaysian exports for the remainder of 2021. Centre for Market Education chief executive officer and Institute for Democracy and Economic Affairs (Ideas) senior fellow Carmelo Ferlito, (pic below) said the outlook for exports and international trade remained […]

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Philippines: Household spending to fully recover in 2022

MANILA, Philippines — The consumer and retail sector in the Philippines is seen fully recovering from the impact of the COVID-19 pandemic next year after a major slump last year, according to Fitch Solutions Country Risk & Industry Research. In its latest commentary, “Philippines consumer outlook: Spending recovery from COVID-19 to spill into 2022,” Fitch […]

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Thailand: Steel demand to drop for a few months

The one-month shutdown of construction worker camps to contain the spread of Covid-19 is expected to decrease demand for steel in the construction sector by 30-40% as Tata Steel Thailand (TSTH) has already seen sales drop by 20-30% during the shutdown. Domestic steel consumption will feel the impact in the next one to two months, […]

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