Edition:
India

Karen Lema

RPT-Filling 'Brexodus' gap, Filipino nurses find English tests too daunting

09 Apr 2019

MANILA, April 8 Bracing for life after Brexit, British hospitals badly need more nurses like Filipino Jobie Escalona, but she twice flunked a mandatory English language test that asked her to write up the merits of immigration and computer education in school.

Filling 'Brexodus' gap, Filipino nurses find English tests too daunting

08 Apr 2019

MANILA Bracing for life after Brexit, British hospitals badly need more nurses like Filipino Jobie Escalona, but she twice flunked a mandatory English language test that asked her to write up the merits of immigration and computer education in school.

Philippines' Duterte tells China to 'lay off' island in disputed waters

04 Apr 2019

MANILA Philippine President Rodrigo Duterte told China on Thursday to "lay off" an island occupied by Manila in the disputed South China Sea and said he would deploy his soldiers there if Beijing touches it.

Trade war, Brexit could slow developing Asia's 2019, 2020 growth: ADB

03 Apr 2019

MANILA Growth in developing Asia could slow for a second straight year in 2019 and lose further momentum in 2020, the Asian Development Bank (ADB) said on Wednesday, warning of rising economic risks from a bitter Sino-U.S.trade war and a potentially disorderly Brexit.

Trade war, Brexit could slow developing Asia's 2019, 2020 growth - ADB

03 Apr 2019

By Karen Lema MANILA, April 3 Growth in developing Asia could slow for a second straight year in 2019 and lose further momentum in 2020, the Asian Development Bank (ADB) said on Wednesday, warning of rising economic risks from a bitter Sino-U.S.trade war and a potentially disorderly Brexit. Developing Asia, which groups 45 countries in the Asia-Pacific region, is expected to grow 5.7 this year, the ADB said in its Asian Development Outlook report, slowing from a projected 5.9 percent expansion in 2018 and 6.2 percent growth in 2017. The 2019 forecast represents a slight downgrade from its December forecast of 5.8 percent. For 2020, the region is forecast to grow 5.6 percent, which would be the slowest since 2001. "A drawn out or deteriorating trade conflict between the People's Republic of China and the United States could undermine investment and growth in developing Asia", Yasuyuki Sawada, ADB's chief economist, said in a statement. The lender also cited uncertainties stemming from U.S. fiscal policy and a possible disorderly Brexit as risks to its outlook because they could slow growth in advanced economies and cloud the outlook for the world's second largest economy. "Though abrupt increases in U.S. interest rates appear to have ceased for the time being, policy makers must remain vigilant in these uncertain times," Sawada said. China's economy will probably grow 6.3 percent this year, the ADB said, unchanged from its December projection, but slower than the country's 6.6 percent expansion in 2018. Growth in the Chinese mainland is projected to cool further to 6.1 percent in 2020. China has set its 2019 economic growth target at 6.0 to 6.5 percent. By region, South Asia will remain the fastest growing in Asia Pacific, with the ADB predicting an expansion of 6.8 percent this year - lower than its previous forecast of 7.1 percent - and 6.9 percent next year. From an estimated 7.0 percent growth in 2018, India's economy is projected to expand at a faster pace of 7.2 percent in 2019 and 7.3 percent in 2020, the ADB said, as lower policy rates and income support to farmers boost domestic demand. This year's growth forecast for Southeast Asia was trimmed to 4.9 percent from an earlier estimate of 5.1 percent, as the Manila-based lender expect Malaysia, Singapore, Philippines and Thailand to grow slower than previously thought. Next year, Southeast Asia is predicted to grow 5.0 percent. Citing stable commodity prices, the ADB lowered its average inflation forecast for developing Asia to 2.5 percent this year from 2.7 percent previously, and it is expected to remain subdued at 2.5 percent in 2020. GDP GROWTH, pct Subregion/Economy YEAR 2017 2018* 2019 2019 2020 ACTUAL APRIL DEC APRIL Central Asia 4.2 4.4 4.2 4.3 4.2 East Asia 6.2 6 5.7 5.7 5.5 China 6.8 6.6 6.3 6.3 6.1 South Asia 6.9 6.7 6.8 7.1 6.9 India 7.2 7 7.2 7.6 7.3 SEast Asia 5.3 5.1 4.9 5.1 5 Indonesia 5.1 5.2 5.2 5.2 5.3 Malaysia 5.9 4.7 4.5 4.7 4.7 Myanmar 6.8 6.2 6.6 n/a 6.8 Philippines 6.7 6.2 6.4 6.7 6.4 Singapore 3.9 3.2 2.6 2.9 2.6 Thailand 4 4.1 3.9 4.1 3.7 Vietnam 6.8 7.1 6.8 6.8 6.7 The Pacific 2.4 0.9 3.5 3.1 3.2 Developing 6.2 5.9 5.7 5.8 5.6 Asia INFLATION, pct Subregion/Economy YEAR 2017 2018 2019 2019 2020 ACTUAL APRIL DEC APRIL Central Asia 9 7.9 7.8 7.8 7.2 East Asia 1.6 2 1.8 2.1 1.8 China 1.6 2.1 1.9 2.2 1.8 South Asia 3.9 3.7 4.7 5 4.9 India 3.6 3.5 4.3 4.7 4.6 Southeast 2.8 2.7 2.6 2.8 2.7 Asia Indonesia 3.8 3.2 3.2 3.2 3.3 Malaysia 3.8 1 2 2 2.7 Myanmar 4 7.1 6.8 n/a 7.5 Philippines 2.9 5.2 3.8 4 3.5 Singapore 0.6 0.4 0.7 1.3 0.9 Thailand 0.7 1.1 1 1.2 1 Vietnam 3.5 3.5 3.5 4.5 3.8 The Pacific 4.2 4 3.7 3.9 4 Developing 2.2 2.5 2.5 2.7 2.5 Asia *2018 column contains actual and estimated figures (Reporting by Karen Lema Editing by Shri Navaratnam)

Duterte orders review of government contracts to ensure they are fair to Filipinos

02 Apr 2019

MANILA Philippine President Rodrigo Duterte ordered a review of all government contracts with companies and other countries to ensure they are fair to Filipinos, his spokesman said on Tuesday.

Philippine central bank seen keeping rates steady under new chief on Thursday: Reuters poll

15 Mar 2019

MANILA The Philippine central bank will likely wait until inflation is firmly within its target before it reverses some of last year's policy tightening, a Reuters poll showed.

UPDATE 2-Philippine cenbank chief flags series of quarterly RRR cuts

12 Mar 2019

* "I don't find it too strong" - Diokno on peso (Adds comments on peso in paragraphs 9-11)

Philippine c.bank may loosen policy grip under new chief

05 Mar 2019

MANILA, March 5 The appointment of Benjamin Diokno as Philippine central bank governor could spur a faster move to easier policy this year, with the former budget minister largely seen as pro-growth.

Philippines' Duterte picks cabinet ally to head central bank

04 Mar 2019

MANILA Philippine President Rodrigo Duterte made a surprise appointment on Monday by naming his budget secretary as central bank governor even as the market had preferred to see an insider take the helm of the monetary authority.

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