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Public spending

Philippine GDP growth drops to three-year-low

Economic growth in the Philippines slowed to six per cent during the second quarter of the year, the Philippine Statistics Authority said on August...
Thai junta hikes security and defense budget by 20% to $10 billion

The Thai junta unveiled a new $10-billion defense and security budget for the 2019 fiscal year on June 7 in what Prime Minister Prayut...
Malaysian taxpayers paid over $1.7 billion for 1MDB debt so far

Malaysia’s finance ministry has used a total of 6.98 billion ringgit ($1.76 billion) in tax money since April 2017 to pay back accumulated debt of state...
Philippines retains rank among world’s fastest growing economies

The Philippine economy grew 6.9 per cent in the third quarter, exceeding all analyst estimates and cementing its position as one of the fastest-expanding...
Thailand posts highest quarterly GDP growth in four years

Thailand’s economy grew at the fastest pace in more than four years, led by a surge in tourism arrivals and agriculture exports. Gross domestic...
Indonesia growth prospects revised by ADB

The Asian Development Bank (ADB) in an update of its Asian Development Outlook 2016 revised down its forecast for Indonesia’s economic growth this year...