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Philippines debt may ease this year

MANILA, Philippines — The Philippines‘ debt may ease this year as the economy continues to bounce back from the impact of the COVID-19 pandemic, according to Moody’s Investors Service. In a report, the debt watcher said it believes the debt burden of the Philippines has peaked, but the scope for significant reduction is limited. “For […]

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World food prices hit record high in 2022

PARIS, France — World food prices fell for a ninth month in a row in December but hit their highest level on record for the full year in 2022, UN data showed Friday. Food prices soared to a monthly record high in March after Russia invaded agricultural powerhouse Ukraine, a major supplier of wheat and […]

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Malaysia likely to see weaker GDP growth of 4.1% on high-base effect, weakening external environment in 2023, says SERC

KUALA LUMPUR (Jan 9): Malaysia’s economy is set to go through a “slow and normalisation” growth of 4.1% this year, down from an estimated 8.5% last year, reflecting largely the normalisation of technical high-base effects and a weakening external environment, according to Socio-Economic Research Centre (SERC).  The research house’s executive director Lee Heng Guie said […]

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