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Philippines among nations facing debt payment shock next year — Moody’s

MANILA, Philippines — Governments and corporates accumulating large debts this year for pandemic programs are bound to suffer the negative consequence of expensive payments starting next year, Moody’s Investors Service said on Monday. The scenario, in turn, threatens to further deteriorate the fiscal house of Asian economies, but most especially Indonesia, Sri Lanka and the […]

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Singapore’s industrial production grows 24.2pc in September

SINGAPORE (XINHUA) – Singapore Economic Development Board reported yesterday that the country’s manufacturing output grew 24.2 per cent year on year in September, compared to a revised 15.4 per cent rise in August. Excluding biomedical manufacturing, the output grew 8.5 per cent in September from a year ago. On a seasonally adjusted month-on-month basis, Singapore’s […]

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