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Boosted spending can expand Philippine economy, says WB

  MANILA / AP The Philippine economy may grow faster than expected if public infrastructure spending is increased as planned, the World Bank (WB) said on Monday. If that happened, the country’s economic growth may exceed the earlier forecasts of 6.4 percent this year and 6.2 percent in the next two years, the bank said. It also noted some businesses ...

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OSI Group fined $3.6mn for expired meat

  HONG KONG / AP The Chinese units of a former meat supplier for McDonald’s and KFC China have been fined more than $3.6 million for selling expired meat in a fast food safety scandal that erupted two years ago. It’s the latest fallout for OSI Group after a Shanghai TV station reported in 2014 that the company repackaged old ...

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Darker days for Nigeria as power supply worsens

  Lagos / AFP Balogun Shakirat woke up with a start at 3:00 am and put on the light in her workshop in a crowded working class district of Nigeria’s commercial capital, Lagos. In the following three hours, she was able to sew shirts, trousers and a jacket. Then the electricity supply went off again. “No light the whole day ...

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