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MANILA Jose Altuve Jersey , Sept. 26 (Xinhua) -- The Asian Development Bank (ADB) predicted Tuesday the Philippine economy to grow 6.5 percent this year as robust domestic demand, including higher public investments in infrastructure and the government's socioeconomic agenda-push growth higher.


In an updated Asian Development Outlook (ADO) 2017, the Manila-based bank said infrastructure, social programs and tax reforms that the government will implement will help fuel the country's economy.


ADB said the Philippine gross domestic product (GDP) is expected to rise from the 6.4 percent in April forecast to 6.5 percent. GDP growth in 2018 will accelerate to 6.7 percent through increased public investment and household consumption.


"The concerted effort by the Philippine government to improve public project implementation is bearing fruit Jon Singleton Jersey , as public investment programs help drive continued economic expansion," said Richard Bolt, ADB country director for the Philippines.


"A strong focus on infrastructure investment and implementation of tax reform will see the country continue its growth momentum through 2018," he added.


The Philippine economy expanded by 6.4 percent in the first half of 2017.




TOKYO Jeff Bagwell Jersey , Sept. 28 (Xinhua) -- Tokyo stocks opened higher Thursdaytracking gains on Wall Street overnight and the U.S. dollar's riseafter U.S. President Donald Trump proposed cutting corporate tax to20 percent in a U.S. tax overhaul.


As of 9:15 a.m. local time, the 225-issue Nikkei Stock Averageadded 102.60 points, or 0.51 percent, from Wednesday to20 J.R. Richard Jersey ,369.65.


The broader Topix index of all First Section issues on the TokyoStock Exchange, meanwhile, gained 6.51 points, or 0.39 percent George Springer Jersey , to1,670.94.


Insurance, metal product and bank-linked issues gained the mostin the opening minutes after the morning bell. Enditem

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