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Philippines: Consumption, infrastructure spending to fuel up to 6.6% growth — FMIC

MANILA, Philippines — Economic growth momentum is expected to be sustained this year, accelerating to a range of 6.2 to 6.6 percent, fuelled by “magnified” consumer spending and the continuation of the government’s catch-up spending plan for infrastructure, First Metro Investment Corp. (FMIC) said. Officials of the investment banking arm of the Metrobank Group said […]

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Thailand: 2020 budget signals greater stimulus

The passing of the budget for the 2020 fiscal year highlights the growing importance of government stimulus in supporting the Thai economy. The delayed passage also means the boost from the planned increase in expenditure is heavily weighted to the latter quarters of the fiscal year that began on Oct 1, 2019. The package supports […]

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Malaysia’s rubber production rises in November 2019

KUALA LUMPUR (Xinhua) – Malaysia’s natural rubber production increased 1.6 per cent year-on-year to 53,019 tonnes in November 2019, according to official data yesterday. Malaysian Statistics Department said in a statement that on monthly basis, the natural rubber production grew 9.3 per cent from 48,528 tonnes last October. Exports of Malaysia’s natural rubber fell 6.2 […]

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Online mortgage broker platform launches in Philippines

MANILA, Philippines — Mortgage broker Nook yesterday launched its online platform, which seeks to provide a seamless loan application process for Filipinos looking to purchase housing units. “After more than a year of preparation and development, Nook is officially launching today and we’re bringing mortgage brokering services to the Philippines’ housing loan market,” Nook chief […]

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