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Economy / South Korea
BMI View: South Korea's current account dipped into deficit in January for the first time since January 2009. The shift from a US$1.5bn surplus in December to a US$0.4bn deficit was due to exceptionally cold weather driving up energy consumption and a fall in the exports of ships. We believe that South Korea's current account position will return to surplus in the months ahead,...
2010-03-04Economy / Taiwan
BMI View Taiwan's foreign exchange reserves hit a record US$350.7bn at the end of January, up US$2.5bn from the previous month. Despite having a population of only 23mn, Taiwan maintains...
2010-02-08Economy / Taiwan
Highlighting the rapid rebound seen in Taiwan's economy through H209 was December's industrial production figure - which came in up 47.3% y-o-y following a 31.5% y-o-y gain notched...
2010-02-08Economy / Pakistan
Pakistani government expenditure continued to outstrip revenue is the first six months of FY2010 (July-June). Expenditure between July and December came in at PKR1313.2bn as compared to revenue of PKR909.9bn, resulting in a PKR403.3bn deficit (up from PKR217.5bn in the same period of FY2009). Interest payments and defence spending remained significant outlays at PKR294.1bn and...
2010-03-04Economy / India
Despite the fanfare which preceded the FY2010/11 (April-March) budget delivery in February, the government's actual fiscal deficit projections are little changed (with the central...
2010-03-03Economy / Sri Lanka
The opposition Janatha Vimukthi Peramuna and the United National Party have decided to contest the April 8 parliamentary elections independently after their joint candidate Sarath...
2010-03-03Economy / Thailand
Following the verdict by the Thai Supreme Court regarding the seizure of 60% of former Thai prime minister Thaksin Shinawatra's assets, Thaksin's team has begun preparing a case for a rehearing. Central to the case is the Supreme Court's recognition of the authority of the generals who initiated the coup in 2006. Aside from legal action, Thaksin's supporters are also preparing...
2010-03-04Economy / Vietnam
Prime Minister Nguyen Tan Dung attended the initiation of a the construction of an aluminium refinery plant in the central highland province of Dak Nong on February 28 only weeks...
2010-03-03Economy / Myanmar
Myanmar's Supreme Court on February 26 rejected an appeal from pro-democracy leader and Nobel Peace Prize laureate Aung San Suu Kyi against the 18-month extension of her house arrest...
2010-03-03Political Risk / Philippines
The Philippines' supreme court ruled on February 23 to allow President Gloria Arroyo to contest for a seat in congress in the 2010 elections. The court endorsed a previous ruling by Commission on Elections, rejecting the opposition's petition to bar Arroyo from running.
2010-03-05Economy / Singapore
US-based PR firm Edelman conducted a survey on 22 countries, with the results showing that residents of Singapore trust their government more than any other country's people, according...
2010-03-04
