Singapore’s inflation accelerated more than economists estimated in March, justifying the central bank’s decision to tighten monetary policy this month.
Indonesia’s rupiah fell to the weakest level since February on concern the largest trade deficit in nine months will weigh on the current account.
The Philippine economy likely grew at least 5.2 percent in the first quarter, the fastest pace in more than a year, according to the nation’s president.
The Philippines last quarter capped its strongest two years of growth since the 1950s, when the U.S. ally enjoyed a post-war reconstruction boom, as it lured foreign investment and put money into infrastructure.
"The Philippine economy could probably gain by allowing more rice imports, freeing up national resources to be directed towards other things."
- Edward Teather on Jul 07, 2014