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Philippines: Insurers hike share to economic output

MANILA, Philippines — Insurers hiked their contribution to economic output last year as Filipinos spent more for policies amid the pandemic. The Insurance Commission (IC) said the insurance industry increased its contribution to gross domestic product (GDP) as the pandemic compelled Filipinos to be more aware and conscious of their health and financial wellness. “The […]

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Philippines: ADB bewails delay in RCEP ratification

MANILA, Philippines — Firms waiting for the ratification of the Regional Comprehensive Economic Partnership (RCEP) should not be discouraged despite the delay as the Philippines can still catch up, according to the Asian Development Bank (ADB). Still, the ADB said the deferment of the ratification of RCEP, which is considered as the world’s largest free […]

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Malaysia: Consumer spending to continue growing

PETALING JAYA: Consumer spending in Malaysia is set to stay on an upward trajectory this year, underpinned by significantly high vaccination rate, improving labour market, fiscal incentives and stable inflationary pressure. MIDF Research said it expects private consumption and the services sector to contribute positively towards gross domestic product in the fourth quarter (Q4) of […]

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