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IMF sees shallow Philippine recovery in H2

MANILA, Philippines — The International Monetary Fund (IMF) expects a shallower recovery for the Philippines in the second half due to the resurgence of COVID cases. Malhar Nabar, head of the World Economic Studies Division at IMF, told participants at the press briefing during the recently concluded Annual Meetings of the World Bank Group and […]

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Cambodia: Non-garment exports up 51%

Non-garment exports clocked in at $3.3794 billion in the first nine months of 2021, surging by $1.140 billion or 50.9 per cent year-on-year, the General Department of Customs and Excise of Cambodia (GDCE) reported. In a press release on the minutes of a GDCE meeting last week, the department listed major non-garment exports as bicycles, […]

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Philippines: Review of consumer laws pushed

MANILA, Philippines — The Philippines should review and update its consumer laws to take into consideration the rise in digital transactions and increased access to product testing facilities, an Association of Southeast Asian Nations (ASEAN) study showed. Results of the peer review on the Philippines’ consumer protection system – conducted by a team composed of […]

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Malaysia: Stronger expansion ahead

PETALING JAYA: Although the domestic economy is poised for a stronger expansion next year, there are potential headwinds that should not be discounted which may hamper its growth. Among them are the transition into the endemic phase of Covid-19 which could pose a health risk, a slowdown in the global economy due to supply chain […]

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