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Aerospace & Defense

Philippines, Malaysia and Indonesia bet on space as growth engine

For industry to soar, governments need to boost private sector's share

The Philippines' DIWATA-1 satellite. Many Asian nations harbor space aspirations as their economies grow more powerful, fueling geopolitical competition. (Photo courtesy of JAXA/NASA)

NAGOYA, Japan -- Asian countries are betting that the space industry will provide a new engine of growth, as the global economy sputters and government finances become overstretched.

A case in point: the Philippines. 

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