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Philippines: Economy likely sustained growth in 2nd quarter

MANILA, Philippines — The economy likely sustained  the strong economic rebound  in the second quarter with a gross domestic product expansion of between eight and nine percent after a stronger-than-expected GDP growth of 8.3 percent in the first quarter, according to Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla. “Probably eight or nine percent,’’ he […]

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Cambodia: $665M Covid-19 stimulus package mitigates impact

The Cambodian government’s stimulus packages of $665 million in total have mitigated the impact of Covid-19 pandemic on the country’s gross domestic product (GDP), unemployment rate, household income, consumption and poverty rate, according to a new research report. The government rolled out rapid cash transfers for the first time in June 2020 among other stimulus […]

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Thailand: Mixed feelings on recovery outlook

Bustling commuters, traffic gridlocks and crowded shopping malls have become more common in the third quarter following the country’s reopening in June, fuelling hopes that Thailand is now getting back on its feet. But concerns have been raised about various pressing problems that could potentially undermine the country’s path towards recovery, including rising inflation rates, […]

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