Word: kong
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...India increased its benchmark rate twice last month to a six-year high of 8.5%. Indonesia's central bank raised its rate for three consecutive months. Governments "have to keep expectations [about inflation] anchored," says Andrew Freris, senior investment strategist for Asia at BNP Paribas Private Banking in Hong Kong. "For the next six to nine months, it's going to be tough. It is going to be tight...
...inflation under control. But these same measures suppress the investment and consumption that generates growth, threatening to put the brakes on Asia's unusually fast and relatively untroubled expansion. Glenn Maguire, chief Asia-Pacific economist for Société Générale in Hong Kong, estimates that GDP growth in East Asia (excluding China and Japan) could sink from about 6.5% this year to 5% in 2009, the slowest rate since 2001. Inflation, Maguire says, "is the largest risk to Asian growth since the financial crisis...
...father, Pineda struck out on his own, collecting newspapers and bottles, and living on the street for nearly two years. When he was 15, a friend encouraged him to start singing again, beginning Pineda's 25-year career as a cover-band vocalist in the Philippines and Hong Kong...
...Filipino-Americans made up around half of the audience. Many already classify Pineda in the ultimate pantheon of Philippine heroes. "There's [boxer] Manny Pacquiao, [pool player] Efren Reyes and then there's Arnel," says Kookie Luib, a bass player who performed with Pineda during his years in Hong Kong. "Our country is always recognized for corruption and government malfunction. These guys are bringing up Filipino pride...
...time when America's economic might and political credibility are faltering, Obama's ascendancy [June 16] is a boost. It is comforting to see that America is still a beacon when we aspire to a fair society where color and race don't matter. Tsai King-Hang, HONG KONG...