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COPYRIGHT 2007 Asia Pulse Pty Ltd
An executive briefing on the economies of Asia for Feb 28, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia based wire with exclusive news, commercial intelligence and business opportunities.
QUEENSLAND GOVT RAISES BORROWING ESTIMATE TO US$6.2 BLN
SYDNEY - The Queensland government has raised its borrowing estimate by more than two-fifths as public agencies secure funding for upcoming projects.
Queensland Treasury Corp (QTC), which is the state government's central financing body, said its borrowing estimate for this year will total $A7.89 billion ($US6.2 billion), compared with the June 2006 estimate of $5.58 billion.
COS IN PHILIPPINES CALLED TO REDUCE PRICES OF BASIC COMMODITIES
MANILA - Lawmakers on Wednesday called on private companies to roll back the prices of basic commodities following the recent decision on the reduction of power rate cost and the continued surge of the peso against the US dollar.
House Deputy Speaker for Mindanao Gerry Salapuddin and Assistant Majority Leader Vincent Garcia said the positive effects of the power cost reduction and stronger peso should trickle down to the consumers by reducing the prices of basic commodities.
TAIWAN GOV'T URGED TO DEAL WITH FALLING BIRTH RATE
TAIPEI - The government should take measures early on to deal with likely impacts of the dropping birth rate, according to a report released by the Taiwan Institute of Economic Research (TIER), a local think thank.
The TIER report also called on the public to accept cohabitation and children born out of wedlock, which it claimed could help solve the issue.
WESTERN AUSTRALIA REPORTS US$912 MLN OPERATING SURPLUS
PERTH - Western Australia will continue to build infrastructure and slash debt with a $A1.16 billion ($US912.17 million) operating surplus recorded for the first six months of the current financial year, Treasurer Eric Ripper says.
Mr Ripper says the general government sector recorded a .16 billion operating surplus and revenue of $8.5 billion for the six months to December 31, 2006.
INDIA'S EXTERNAL ENVIRONMENT FAVOURABLE DESPITE HIGH IMPORTS
NEW DELHI - Rising import bills, mainly on account of ballooning global oil prices and resultant trade deficit should not be a cause for concern as overall external trade and investment flows will remain favourable for growth, the Economic Survey said on Tuesday.
"The Current Account of the balance of payments, which had turned into a deficit in 2004-05 and 2005-06, is likely to remain in deficit in 2006-07," the Survey presented in the Parliament by Finance Minister P Chidambaram on Tuesday said.
PHILIPPINE GOV'T BATS FOR HIGHER ECONOMIC GROWTH
MANILA -...
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