Michael Munoz News
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The Philippines and Indonesia will probably refrain from monetary tightening to protect their economies from a regional growth slowdown that’s sparked capital outflows and driven down stocks and currencies.
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The Philippines is stepping up its battle against surging capital inflows with a plan to shift to a multiple interest-rate policy regime, as stocks at a record and the peso near a five-year high heighten asset-bubble risks.
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South Korea’s economy expanded less than analysts forecast in the fourth quarter as gains in the won, Asia’s best performing currency of the past six months, threaten to restrain exports in 2013.
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Hong Kong’s jobless rate fell to the lowest level since December 2008, encouraging consumers to spend and aiding the city’s recovery.
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Hong Kong’s unemployment rate fell to the lowest level since September 2008, encouraging consumer spending and aiding the city’s economic expansion.
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Hong Kong Financial Secretary John Tsang may expand handouts and increase land supply in tomorrow’s budget after rising inflation and real-estate prices spurred lawmakers to demand relief measures.
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Hong Kong’s unemployment rate held close to a two-year low, supporting economic growth and retail spending in the city.
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Hong Kong’s retail sales rose 18.5 percent in December from a year earlier, after unemployment fell and more tourists arrived from China.
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Hong Kong’s retail sales rose a more- than-forecast 26 percent in March from a year earlier on reduced unemployment and increased tourist numbers.
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South Korea’s industrial production grew faster than estimated in July, logging the 13th straight monthly gain as the nation’s exports withstood global risks.
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