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Philippines return to pre-pandemic level seen by mid-year

MANILA, Philippines — Domestic economic activity is projected to return to pre-pandemic level by the middle of this year after a stronger-than-expected first quarter gross domestic product (GDP) growth of 8.3 percent, according to the Bangko Sentral ng Pilipinas. BSP managing director Zeno Ronald Abenoja said the strong growth in the first quarter is likely […]

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Indonesia – Economists see May and June numbers above headline rate: Food inflation easing, but to stay above comfort level

Indonesia lifting a three-week-old ban on palm oil exports and the government’s decision to curb wheat exports will help ease food inflation and thereby the overall consumer price index (CPI) inflation in the coming months, according to economists. However, food inflation may still remain above the headline rate in the short term. Food inflation came […]

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‘RCEP, CCFTA inject new impetus into Cambodia-China trade’

Xinhua – The Regional Comprehensive Economic Partnership (RCEP) free trade pact and the Cambodia-China Free Trade Agreement (CCFTA) have injected a new impetus into the Cambodia-China trade, a Cambodian official said. China is currently the largest trading partner of Cambodia, according to official figures from Cambodia. Cambodian Ministry of Commerce’s undersecretary of state and spokesman Penn […]

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Philippine vehicle production sole decliner in ASEAN

MANILA, Philippines — The Philippines continued to fall behind its Southeast Asian neighbors in motor vehicle production, being the only country out of six that registered a decline in output in the first quarter. Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) data showed 18,137 motor vehicles were assembled in the Philippines in the […]

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