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COPYRIGHT 2006 Asia Pulse Pty Ltd
An executive briefing on the economies of Asia for Feb 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 CURRENT ACCOUNT DEFICIT WIDENS 6% IN Q4 2005
SYDNEY - Australia's current account gap blew out in the final quarter of 2005 as export growth continued to fall short of strong demand fuelling the global commodities boom.
The current account deficit widened six per cent to an adjusted $A14.45 billion ($US10.64 billion) in the December quarter, figures from the Australian Bureau of Statistics (ABS) show.
AUSTRALIAN LENDING TO PRIVATE SECTOR STRONG IN JANUARY
SYDNEY - Lending to the private sector was stronger than expected in the the first month of 2006, as demand from businesses for financing continued to grow, new figures show.
The data released today also found housing sector lending was bouncing back after slowing over much of 2005.
ANALYSIS - S KOREAN WORKERS BILL SPARKS FEARS OF STRIKE
SEOUL - The passage of a non-regular workers bill by a South Korean parliamentary committee is drawing fire from local labor and management and fueling concerns over a nationwide strike feared to hurt economic growth, labor sources said Tuesday.
The proposal approved on Monday by the parliamentary committee on environment and labor is aimed at allowing companies to hire workers more freely, while setting guidelines to prevent discrimination...
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