Asia Pacific round-up: India could become vice president of China-led Asia Infrastructure Investment Bank, and more

24 Apr 15

A round-up of recent public finance stories from the Asia Pacific you might have missed.

India could become vice president of China-led Asia Infrastructure Investment Bank

India is likely to get the vice-president's post in China-backed Asia Infrastructure Investment Bank (AIIB) in which India and 56 countries have been admitted as founding members. (NDTV)

Malaysia’s state pension fund to offer Islamic investment option by 2017: PM Najib

Malaysia’s $160bn state pension fund will offer an Islamic investment option to its members by 2017 which would create the world's largest Sharia-compliant fund of its kind, Prime Minister Najib Razak said. (The Straits Times)

South Koreans bicker over their tanking economy

As South Korea slides toward deflation, officials in Seoul seem mostly interested in pointing fingers at one another. (Bloomberg)

Australia: accountants blast government over exclusion from federal budget lock-up

The head of the peak body representing accountants has blasted the Abbott government for a lack of consultation and expressed scepticism that his organisation was excluded from next month's budget lock-up due to an accidental administrative error. (Sydney Morning Herald)

Philippines president wants government to speed up spending for 2015

With a little over a year to go before his term ends, President Benigno Aquino III has issued reforms that aggressively ramp up government spending for 2015. (CNN)

Thai: no worries over public debt to GDP

Thailand’s public debt will not exceed half of GDP if economic growth comes in at 3.6% this year, says a senior Finance Ministry official. (Bangkok Post)

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