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Indonesia on value-adding crusade

The value of Indonesia’s nickel exports surged tenfold in five years after it forced buyers to set up refineries in the country. Now Southeast Asia’s biggest economy plans to use that blueprint to vault nto the ranks of higher-income economies by processing everything from copper to fish. The goal is to double per-capita gross domestic product […]

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Malaysia: Inflation eases to 3.7% in January

PETALING JAYA: While inflation appears to remain sticky in many countries, Malaysia’s headline inflation in January fell for the fifth straight month to 3.7% year-on-year (y-o-y), amid the implementation of the Festive Season Maximum Price Scheme for the Chinese New Year starting from Jan 15 to Jan 29. The weaker figure, economists think, will allow […]

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Laos to Declare 2023-2024 as Year of Tourism

Laos will declare 2023-2024 as Lao Tourism Year and make elaborate plans to attract visitors as the country prepares to host the ASEAN Summit in 2024. Laos recorded almost 1.3 million tourists in 2022 and the country hopes to attract 1.4 million visitors in 2023 with an estimated 368,000 visitors from China after the country reopened its borders in January this […]

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DBS lowers Philippines 2023 growth forecast to 5.8%

MANILA, Philippines — Singapore’s DBS Bank lowered the projected gross domestic product (GDP) growth of the Philippines this year to 5.8 percent from the previous target of 6.3 percent on the back of still elevated inflation, tighter monetary conditions, and higher statistical base. In a research note, DBS economist Chua Han Teng said the economic […]

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