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Too rosy a prospect

The Ministry of Economy and Finance is painting a rosy outlook for the national economy. “There have been signs of a gradual economic recovery,” the ministry said in a report released on Friday. That assessment is even more positive than a previous one that said, “The economic downturn trend has been slowing.” This time, the word “recovery’’ was used. As the ministry put it, the nation’s manufacturing sector and exports have begun to show signs of a rebound, boosted by the recent rally in the semiconductor industry. The service sector has also shown a robust trend. ....

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IMF urges Korea to drastically reform national pension scheme

The International Monetary Fund (IMF) urged Korea to drastically reform its national pension system, warning of massive debt that is projected to rise 200 percent higher than gross domestic product (GDP) within 50 years. ....

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Central Bank issues clarification on composition of Governing Board and Monetary Policy Board - Business News

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Monetary authorities 'keeping powder dry' | The Manila Times

PHILIPPINE monetary authorities are not ready to ease policy with inflation still expected to average above target next year, an analyst said. ....

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SC clears two Monetary Board members from petitions filed over economic crisis - Breaking News

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