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COPYRIGHT 2006 Asia Pulse Pty Ltd
An executive briefing on the economies of Asia for March 28, 2006, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia based wire with exclusive news, commercial intelligence and business opportunities.
AUSTRALIA'S CENTRAL BANK IDENTIFIES SIGNIFICANT ECONOMIC THREATS
SYDNEY - The Reserve Bank of Australia's (RBA) latest review betrays an undercurrent of anxiety about how the financial system might cope in an economic downturn.
In recent years, the economic gods have been kind to Australian lenders.
CHINESE BUSINESS DELEGATION VISITS INDIAN CITY
KOLKATA - A four-member Chinese business delegation on Monday visited the city to market the China International Consumer Goods Fair to be held at Ningbo city in June.
Speaking at an interactive session organised by Indian Chamber of Commerce (ICC) here on Monday, vice-director of Ningbo Foreign Trade & Economic Cooperation Bureau Li Xinhua said that the region is well known for its competitive strengths in terms of vibrant industrial economy including sectors like textiles, garments, machinery, large-scale harbour based industries such as iron and steel, petrochemicals, power generation and others.
THAI BANK EXPECTS INTEREST RATES TO CLIMB 0.5-0.75% IN 6 MONTHS
BANGKOK - The Managing Director of Thailand's Government Housing Bank expects interest rates to climb by 0.5-0.75 in the next 6 months.
Mr. Kan Prajuabmoh, Managing Director of the Government Housing Bank commented on the interest rate trends, stating that both loan and savings interests are currently showing an upward trend, which can be observed from the manner in which numerous financial and banking institutions have adjusted their interest rates many times.
PHILIPPINE GOV'T KEEN TO BOOST INFRA IN MINDANAO
DAVAO CITY - Officials have expressed confidence of a continued development in Mindanao as with the strengthened peace process, infrastructure is gradually coming in place....
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