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Indonesia and Malaysia Saw Strong Economic Growth in 2022

The Malaysian economy closed 2022 on a strong note, with the fourth quarter GDP posting year-over-year growth of 7 percent. Growth for the entire year was 8.7 percent. Indonesia’s economy grew more slowly at 5.3 percent, but it was still the fastest rate in nine years. Coming on the heels of similarly robust economic growth in the Philippines, 2023 […]

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PM: Malaysia will not reintroduce GST

KUALA LUMPUR: Malaysia has no plans to reintroduce a goods and services tax (GST) or any other broad-based consumption tax, Prime Minister Anwar Ibrahim said on Tuesday. The government will instead look to reduce subsidies enjoyed by the wealthy, Anwar, who is also finance minister, told parliament. Anwar, who took office in November, has ordered […]

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Philippines: BSP may raise key rates to 6%

To tackle stubborn inflation MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may raise interest rates by 50 basis points this week as it tries to address the stubbornly elevated inflation that rocketed to a fresh 14-year high of 8.7 percent in January from 8.1 percent in December. In a report, Moody’s Analytics said […]

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