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Philippines: Local shares down as market awaits GDP data

MANILA, Philippines — The Philippine stock market ended lower yesterday as investors cashed in ahead of the release of the country’s economic growth data. The Philippine Stock Exchange Composite index (PSEi) finished at 6,241.68, down 47.42 points or 0.75 percent. The government will announce its third quarter gross domestic product reading today. It is widely […]

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Thailand: Govt bows to pressure on foreign land buyers

The cabinet yesterday approved a request by the Interior Ministry to withdraw a controversial bill on land ownership by foreigners, said official spokesman Anucha Burapachaisri. Due to a chorus of disapproval, the draft was withdrawn to facilitate a comprehensive study and gather public input to ensure the planned amendment would increase competitiveness and provide long-term economic […]

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