Philippines – ‘Dutertenomics’ envisions a golden age

Manila has announced ambitious new infrastructure spending plans, an unprecedented US$173 billion fiscal push to catapult competitiveness and growth   By Joel Adriano The Philippines has announced ambitious new infrastructure spending plans, an unprecedented fiscal push President Rodrigo Duterte’s champions are referring to as “Dutertenomics.” The plan, described by socioeconomic planning secretary Ernesto Pernia as … Continue reading Philippines – ‘Dutertenomics’ envisions a golden age

North Korea reforming economy while denying change

Pyongyang officially is guided by the self-reliance philosophy of founder Kim Il-sung, whose 105th birthday is being marked this weekend, but analysts say economic change is happening By Sebastien Berger On the side streets of Pyongyang, small traders sell vegetables from impromptu stalls. At markets, dealers offer imported household goods – even Coca-Cola – and … Continue reading North Korea reforming economy while denying change

Russia – Agriculture – Western Sanctions Keep on Giving

Russian agriculture sector flourishes amid sanctions Agriculture has overtaken arms sales to become Russia’s second-biggest export secto When the EU and US imposed sanctions on parts of Russia’s economy following military intervention in Ukraine 2014, some local officials portrayed the blockade as an opportunity. Together with a falling rouble, they said, it would boost development … Continue reading Russia – Agriculture – Western Sanctions Keep on Giving

UK economy will grow more strongly than expected

British Chambers of Commerce says British consumers are showing resilience to Brexit vote, but warns of rising inflation Robust consumer spending and a brighter outlook for trade and investment will mean the UK’s economic slowdown this year is less severe than previously feared, the British Chambers of Commerce has predicted. But in its latest set … Continue reading UK economy will grow more strongly than expected

South-East Asia – Myanmar

Myanmar's armed conflicts threaten to complicate and divert various regional integration schemes, including China's One Belt, One Road initiative By Christopher Briggs This week a super tanker steamed towards Myanmar’s Kyaukpyu port to offload the first consignment into an oil supply pipeline with the capacity to supply 260,000 barrels per day from the Indian Ocean … Continue reading South-East Asia – Myanmar