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World Bank sees Indonesia GDP at below 5%

JAKARTA: The World Bank projects Indonesia’s economic growth will slide to below 5% next year and warned of the potential for “severe” capital outflows as global risks including the US-China trade war intensify. The forecasts were presented to Indonesian President Joko Widodo, according to two people with knowledge of the matter, who didn’t want to be […]

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Bangkok retains crown as top destination

The annual Mastercard Global Destination Cities Index has again named Bangkok the No.1 destination city globally and in Asia-Pacific, with more than 22 million international overnight visitors. The index contains a region-specific subset for Asia-Pacific. This is the fourth straight year the capital has grabbed the top spot in the global index, which ranks cities […]

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Myanmar: Yangon electricity revenues up 65pc

Yangon Region collected K36 billion more in electricity payments for the month of July, which is a 65 percent increase compared to the month before, said Daw Soe Soe Nwe, general manager of Yangon Electricity Supply Corporation (YESC), at a press conference on Monday. The higher revenues was due to the Ministry of Electricity and […]

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