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Philippines: Q1 growth falls short of forecast

MANILA, Philippines – The Philippines remained one of the fastest-growing economies in Asia at the start of the year, but the pace of growth fell below expectations. The National Economic and Development Authority (NEDA) reported yesterday gross domestic product (GDP) expanded 6.4 percent in the first quarter – lower than the market forecast  of between […]

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RCEP opens markets for Cambodia

The Regional Comprehensive Economic Partnership (RCEP) has the potential to deliver significant business opportunities for Cambodia, given that the 16 RCEP participating countries contribute about 30 percent of global GDP and more than a quarter of world exports, said a Commerce Ministry official yesterday.  “RCEP will help Cambodia achieve more open markets and cement better […]

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Brunei Placed 5th in Unemployment Rate with 6.7 Percent

A total of 12,934 job seekers had registered under the Employment Center Brunei (Brunei Jobcentre -JCB). Fraction of the total, 2,362 are those who graduated with a Degree and above, HND 1,212, 3,661 Vocational and Technical, 468 for Pre-University and 5,231 people for High school qualification and below. Senior Planning Advisor at the center, Ilyasuriani […]

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Malaysia’s economy expands faster at 5.6% in Q1

KUALA LUMPUR: Malaysia’s economy grew at a faster pace of 5.6% in the first quarter ended March 31, 2017, exceeding the consensus of a 4.8% growth, powered by the manufacturing and services sectors. Bank Negara Malaysia (BNM) said on Friday that growth, on the expenditure side, was underpinned by an increase in private consumption of […]

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Philippines: Economists keep 2017 growth forecasts

MANILA, Philippines – Economists of investment banks see the country’s gross domestic product (GDP) growth recovering strongly after a weaker-than-expected private consumption resulted to disappointing results in the first quarter of the year. Credit Suisse economist Michael Wan said the surprisingly weak private consumption dragged the GDP growth to 6.4 percent in the first quarter […]

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