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Malaysia: 3Q GDP seen to grow by 12% to 14%

PETALING JAYA: AmBank Research has forecast Malaysia’s third quarter (3Q) gross domestic product (GDP) to grow by 12% to 14% year-on-year (y-o-y), boosted by the strong trade number for September and over the 3Q. The economy grew by 8.9% y-o-y in the 2Q and 5% y-o-y in 1Q. Trade growth is set to slow on […]

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Philippines: Local makers seek tariff cuts on e-vehicle equipment, parts

MANILA, Philippines — Philippine manufacturers of electric vehicles want the government to slash tariffs on raw materials needed to make e-vehicles to support the industry in boosting its local production. Electric Vehicle Association of the Philippines (EVAP) president Edmund Araga yesterday asked the government to consider cutting, if not totally  eliminating, the import duties imposed […]

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Thailand: Global economy to grow by 3.2% amid downturn

The global economy is growing at 3.2% this year, a substantial drop from 6% last year, with an even gloomier outlook for next year, according to Finance Minister Arkhom Termpittayapaisith after the Apec Finance Ministers’ Meeting on Thursday. Mr Arkom announced the forecast as part of the result of the meeting, which was attended by finance […]

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Malaysia: Steady inflationary pressures seen

PETALING JAYA: Malaysia’s consumer price index (CPI), which is the official measure of inflation, is expected to remain at the current elevated levels. When contacted by StarBiz, economists opined that given the presence of persistent price pressures, the latest CPI figures for September slated to be announced today could also see an increase, similar to […]

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