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South China Morning Post

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Impact of Middle East war on Hong Kong’s inflation ‘limited’, says finance chief

External shocks from the war in the Middle East have had only a limited impact on Hong Kong’s inflation, the finance chief has said, despite an upwards revision to forecasts, citing the city’s service-based economy and stable energy and food supplies from mainland China. Briefing the Legislative Council’s Panel on Financial Affairs on Monday, Financial Secretary Paul Chan Mo-po said the surge in global fuel prices was expected to feed through to fuel-related consumer prices, pushing inflation...

South China Morning Post

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‘Transitory euphoria’: South Korea’s strong economic outlook masks key hurdles

South Korea’s economy faces uncertainties from rising inflation, a weakening won and uneven performance across sectors, even as it grows stronger than expected this year, according to analysts. The Bank of Korea on Thursday revised its economic growth outlook for this year to 2.6 per cent, up 0.6 percentage points from its forecast three months ago, citing robust exports driven by booming semiconductor demand and government supplementary spending aimed at offsetting the shocks from the Middle...

South China Morning Post

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Deadly building collapse shocks Philippine city: ‘like an aeroplane landing’

James Bernardo, 30, was delivering food on Teodoro street in Angeles City in the Philippines when a nine-storey building under construction on the opposite side of the road collapsed behind him. “What I heard behind me sounded like an aeroplane landing. The sound was unlike anything normal. When I looked at my side mirror and then turned around, what I saw were pylons falling and power lines sparking,” Bernardo told This Week in Asia. In just seconds, the structure had morphed into a twisted...

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Impact of Middle East war on Hong Kong’s inflation ‘limited’, says finance chief

‘Transitory euphoria’: South Korea’s strong economic outlook masks key hurdles

Deadly building collapse shocks Philippine city: ‘like an aeroplane landing’