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Philippines eyes 6.5% GDP growth

Bloomberg Philippine Finance Secretary Carlos Dominguez said the economy will sustain growth exceeding 6 percent this year, as investment and infrastructure spending help counter the impact of higher interest rates. “We’re confident that we can weather the storms but we’re not complacent,” Dominguez said in an interview with Bloomberg Television in Bali, when asked about inflation. “Definitely, rising interest rates ...

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Thailand tops ‘tourism spend’ ranking in Asia

Bloomberg Just more than a year ago, I ate at Nahm, in Bangkok—and walked out after paying barely $60 for a tasting menu that currently ranks 49th on the World’s 50 Best Restaurants list. My grand, five-star hotel, the Anantara Siam, with its gilded murals and landscaped courtyards, cost $150 a night, including a breakfast buffet that was truly fit ...

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Canada imposes duties on steel imports in response to US levy

Bloomberg Canada is applying quotas and a 25 percent tariff on steel imports from China and other countries to avoid becoming a dumping ground for steel in the face of metal levies imposed by US President Donald Trump. Canada will erect new barriers to any flood of shipments of seven types of foreign steel, and will issue refunds and exemptions ...

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