IMF recognizes Hong Kong’s strong economic recovery
The IMF noted that a large fiscal stimulus has helped mitigate the impact of economic shocks and speed up economic recovery.
ECONOMIC AFFAIRS
Philippines trade department backs stockpiling goods amid Russia-Ukraine war
The department encouraged the stockpiling of agricultural products but said the country had sufficient inventory of manufactured items.
Philippines can face economic fallout from Russia-Ukraine war: Finance secretary
He pointed out that the Philippines had weathered “very well” other previous conflicts such as the first Russia-Ukraine conflict in 2014.
No oil supply problem in Philippines, but rising prices prompt call for review
The Department of Energy undersecretary asked for a review to better allow the government to intervene when prices spike.
Over 6 million HK residents to get HK$5,000 e-voucher next month
Financial Secretary Paul Chan Mo-po said the voucher program is expected to boost the city’s economy by about 1.7 percent.
Food security, protecting farmland focus of government: Report
China will also consolidate its achievements in poverty alleviation and implement better systems.
11 million new jobs, improvements for flexibly employed unveiled in report
The Chinese central government will continue to implement its employment-first policy to stabilize the job market in 2022.
Tensions won’t rattle China’s macroeconomic scene: Experts
Geopolitical tensions sparked concerns that tighter oil and food supply could further inflame already elevated global inflation.
China capable of forestalling systemic risks, central bank says
The number of high-risk banks is expected to decline to less than 200 at the end of the 14th Five-Year Plan period (2021-2025).
The impact of the Russia-Ukraine war on Indonesia’s economy
Indonesia cannot insulate itself from the worldwide inflationary trend because the current inflation is a global phenomenon.