Australian Government to spend $45m on local infrastructure projects
Every lower house federal MP in the country is to be allocated $150,000 for investment in local infrastructure projects under a new ‘Stronger Communities’ fund to be unveiled in the federal budget. (The Sydney Morning Herald)
China’s fiscal spending jumps 33.2% year-on-year in April
China's fiscal spending jumped 33.2% in April from a year earlier, data from the Ministry of Finance showed on Thursday, quickening sharply from the 4.4% rise seen in March, reflecting the government efforts to support a slowing economy. (Reuters)
Indian PM Modi happy over response to social security schemes
BLOG: Prime Minister Narendra Modi on Wednesday expressed happiness over the ‘tremendous response’ generated by the recently launched social security schemes. (indiatvnews.com)
‘Don’t pre-judge China-led AIIB’, says World Bank managing director
INTERVIEW: The impending creation of the Chinese-led Asian Infrastructure Investment Bank (AIIB) has been applauded by World Bank managing director Betrand Badré, despite United States objections to the new development financing vehicle. (swissinfo.ch)
North Korea’s economy shows signs of improvement
Although the reported purge of North Korea’s defense chief and other high ranking officials may point to instability within the Kim Jong Un regime, the country’s economy has shown signs of improving. (Voice of America)
