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Formosa Plastics Group’s (FPG, 台塑集團) four major subsidiaries yesterday posted monthly declines in revenue of more than 10 percent last month, and said the weakness would likely remain throughout this quarter as macroeconomic uncertainty continues to curb demand. Petrochemical producer Formosa Plastics Corp (FPC, 台塑), the group’s flagship company, saw revenue tumble 16.7 percent month-on-month to NT$19.94 billion (US$664.76 million) as inflation and rising inventory in the supply chain curtailed demand for home appliances and consumer electronics, the firm said in a filing with the Taiwan Stock Exchange. As central banks worldwide raise interest rates to rein in rising inflation, their actions

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