The Asian Development Bank (ADB) has upgraded its economic forecast for developing Asia after third-quarter data showed a better-than-expected performance by many countries in the region.
In a special assessment of the region released today, ADB said it now expects developing Asia to grow by 4.5% in 2009 and 6.6% in 2010. That marks an increase [...]

The OECD welcomed recent commitments to the internationally agreed tax standard on exchange of information made by Costa Rica, Malaysia, Philippines and Uruguay. These were the four jurisdictions surveyed by the OECD Global Forum which had not made commitments as of the 2nd April. They have now officially informed the OECD that they commit to [...]