Hong Kong will transfer about HKD52.8bn(USD6.8bn) back to government accounts in 2026-27 to better fund its capital account amid heavy infrastructure spending, Financial Secretary Paul Chan said. The Hong Kong fiscal transfer includes about HKD15.8bn from funds set up outside government accounts after reviewing 36 purpose-specific funds, with some vehicles to be closed or consolidated. Another HKD37bn of accumulated surplus from the Bond Fund, created in 2009 to support Silve

Fitch Ratings Philippines forecast puts GDP growth at 5.6% in 2025, aligning with the government’s 5.5%–6.5% target, underpinned by infrastructure investment, services exports, and remittance-driven consumption. The projection assumes easing inflation and interest rates after the BSP cut policy rates by 25 basis points (bps) to 4.75%. Fitch cautioned that global trade frictions and political uncertainty—following weaker midterm results for President Marcos Jr.’s allies and a