Xinhua world economic news summary at 1000 GMT, June 21

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SINGAPORE -- Singapore will remain committed to the free flow of goods, services, capital, data, ideas and talent, said Deputy Prime Minister and Finance Minister Heng Swee Keat Saturday evening.

He made the remarks while outlining three ways that the government will help businesses and workers thrive in the post-COVID world. (Singapore-Post COVID)

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JAKARTA -- Indonesian Finance Minister Sri Mulyani Indrawati has revised down the target of the national economic growth from the previous range between minus 0.4 percent and 2.3 percent to the range between minus 0.4 percent and 1 percent this year over further economic contraction in the second quarter of 2020.

The minister made the decision referring to forecasts on Indonesia's economic growth this year from several institutions including the World Bank, the Organization for Economic Cooperation and Development (OECD) and the Asian Development Bank (ADB). (Indonesia-Growth-Projection)

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NEW YORK -- U.S. stocks eked out modest weekly gains as investors digested a slew of key economic data while grappling with fears of a resurgence in coronavirus infections across the country.

For the week ending Friday, the Dow rose 1 percent, the S&P 500 gained 1.9 percent and the Nasdaq climbed 3.7 percent.

The S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, logged a weekly advance of 7 percent. (US-Stocks-Weekly Gain)

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SHARM EL-SHEIKH, Egypt -- Egypt was granted on Saturday "Safe Travel Stamp" from the World Travel and Tourism Council (WTTC), according to the country's Ministry of Tourism and Antiquities.

"The WTTC has approved Egypt's regulations for resuming international tourism," Egyptian Minister of Tourism and Antiquities Khaled al-Anany told reporters. (Egypt-Tourism-COVID-19) Enditem

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