Australian inquiry says digital currencies are real money

An Australian government inquiry will recommend treating digital currencies as money, simplifying tax for people who trade with them while forcing bitcoin exchanges to monitor customers for potential money laundering and terrorism financing activities. (Reuters)

Government sale of Fiji International Telecommunications Provider shares questioned by PAC

The Public Accounts Committee has asked the Finance Ministry to explain why the government shares in FINTEL has been sold below the market valuation price. (fijivillage.com)

China launches Rmb1tn infrastructure bonds plan as economy fears grow

China has authorised its policy banks to issue new bonds in order to plough money into infrastructure spending, state media has reported, as planners fret over slumping economic indicators. (The Financial Times)

Philippines registers budget deficit in June as government spending plays catch up

The national government registered a budget deficit last June, as spending picked up to keep pace with revenue growth. (InterAksyon.com)

Government looking to spur public spending to provide momentum to economy: Arun Jaitley

India is looking to spur public spending further to provide momentum to the economy since private investment is yet to kick in, counting on rising revenue from a growth recovery to set aside more funds for infrastructure creation in the country. (Economic Times)