Beijing / Bloomberg China’s judicial authorities vowed to do more to combat financial crimes in the coming year, as the economy slows and leaders remain concerned that financial risks might lead to higher unemployment and social unrest. Chief prosecutor Cao Jianming said in his annual report to the country’s top legislature on Sunday that his department would prioritize investigations into …

Manila / DPA Tourist arrivals reached 542,258 in January, an increase of 13.17 per cent compared to the same month last year, the Department of Tourism (DOT) said. The figure is considered a ‘historical first’ as international visitors breached the 500,000 mark. “At the rate that the industry is growing, tourism has proven that it is an important pillar in …

New Delhi / Bloomberg India’s central bank was “comforted” that the government stuck with a road map to narrow the fiscal deficit, Governor Raghuram Rajan told reporters in his first public comments since the budget was unveiled two weeks ago. The goal to reduce the fiscal gap to 3.5 percent of gross domestic product in the year starting April 1 …