Joshua Mercado is waiting for a train at the end of a kilometer-long queue that snakes down three stories from Manila’s elevated Quezon Avenue station to the sidewalk below. It’s part of his five-hour daily commute.
Koon Thaveepat is in danger of losing his pickup truck and his livelihood. He’s behind on loan payments as Thailand’s anti-government protests delay state rice-purchase payments, threatening to plunge thousands of farmers deeper into debt.
Indonesia’s rupiah was little changed over the past five days, snapping a run of three weekly declines, as data from the U.S., China and Europe bolstered confidence in the global economic recovery. Bonds slipped on the week.
Indonesia’s 10-year government bonds had their biggest weekly decline in almost two years, as overseas funds trimmed holdings of the nation’s assets on concern inflation will quicken. The rupiah slid for a third week.