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Indonesia’s Economy Predicted to Come to a Standstill until 2019

TEMPO.CO, Jakarta – Ari Kuncoro, Economy and Business Faculty Dean at the University of Indonesia, appreciates that the government has managed to achieve 5 percent economic growth. However, he said that it would be rather difficult to meet 5.2 percent economic growth set in the revised 2017 state budget (APBN-P). “I foresee a maximum of 5.1 percent growth this year,” he said yesterday, August 10. Ari explained that the economy will come to a standstill since one of the driving forces for […]

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Malaysian palm oil prices at highest level for more than a week despite data

KUALA LUMPUR: Malaysian palm oil futures rose to their highest level in over a week on Thursday evening on expectations of soyoil gains, despite the earlier release of bearish industry data. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was up 1.3 percent to 2,663 ringgit ($620.75) on Thursday evening. It earlier climbed to […]

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Philippine growth slows below 6% in Q2 – Credit Suisse

MANILA, Philippines – The country’s gross domestic product (GDP) growth likely slowed to below six percent in the second quarter, according to Credit Suisse. In a research note titled “Philippines macro wrap: 2Q GDP likely to disappoint,” Credit Suisse economist Michael Wan said the Philippine economy likely grew 5.8 percent in the second quarter from 6.4 percent in […]

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