Fiscal Deficit

Malaysian bonds at crossroads as budget looms

A nascent recovery in Malaysian bond inflows is set to depend on whether Prime Minister Najib Razak will be able to shrink the fiscal deficit while appealing to voters in an expected election budget.Najib will be able to count on higher revenue from a consumption tax and a recovery in crude prices, giving him room to commit to a balanced budget that would spur Malaysia’s bonds to outperform, according to Investec Asset Management.

25 October 2017
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Moody's sees Philippine growth above 6 percent

Moody’s Investors Service forecast that Philippine economic growth will exceed 6 percent until next year, and said the conflict in the south and a deadly drug war pose a rising risk but is unlikely to derail the economy.Gross domestic product will expand 6.5 percent this year and 6.8 percent in 2018, the rating company said in a statement on Friday.

15 September 2017
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