The government of South Korea's fiscal deficit narrowed to the equivalent of 1.1% of gross domestic product (GDP) in 2010 as compared to 4.1% recorded in 2009. As reported by Dow Jones International News, the Ministry of Strategy and Finance stated that the country experienced unexpected rise in income and spent less than planned. The consolidated fiscal balance, which included the general account, 18 special accounts, and 51 funds such that of the National Pension Service, increased to a surplus of 1.4% of GDP in 2010 as compared to 1.7% deficit in 2009. |
Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more
Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more
Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more