Sun, 24 Oct 2021

TOKYO -- Japan needs to build a resilient economy by finding methods to curb COVID-19 infections and promote economic activities concurrently, and by implementing reform measures to improve the business environment, a government white paper said.

Local media reported Friday that the white paper released by the Japanese government on the economy and finances for fiscal 2021 stressed the importance to build a Japanese economy capable of flexibly responding to emergencies such as supply chain disruption and climate change, as Japan was unable to focus on reviving the economy while struggling to contain the pandemic. (Japan-Economy-White Paper)

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KUALA LUMPUR -- Malaysia's inflation, as measured by the consumer price index (CPI), rose 2 percent year on year in August, official data showed Friday.

The transport group has continued to record a double-digit increase since March and edged up 11 percent in August as compared to a year ago, the Department of Statistics Malaysia said in a statement. (Malaysia-CPI-August)

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MANILA -- The Philippines posted a surplus of 1.04 billion U.S. dollars in overall balance of payments (BOP) in August, higher than the 657 million dollar BOP surplus recorded a year earlier, Philippine central bank data showed.

The Bangko Sentral ng Pilipinas (BSP) attributed the surplus to the additional allocation of special drawing rights to the Philippines, given the International Monetary Fund's efforts to increase global liquidity amid the pandemic and the BSP's income from its investments abroad. (Philippines-BOP-August)

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SEOUL -- South Korea's trade surplus of intellectual property rights hit a fresh record high in the first half of this year due to an improved trade in the culture and arts copyrights, central bank data showed Friday.

Trade in intellectual property rights reached a record surplus of 850 million U.S. dollars in the January-June period, turning into the black from a deficit of 760 billion dollars tallied a year earlier, according to the Bank of Korea. (SKorea-Intellectual Property Rights-Trade Surplus)

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