Peso now region’s worst performer
That the Philippine peso depreciation is at its fastest pace against the US dollar in about five years is adding further upside pressures on imported inflation, shared DBS Bank.
Economic Affairs
Thailand’s hotel occupancy tax waived for next 2 years to aid tourism recovery
Prime Minister Prayut Chan-o-cha said the tax waiver would reduce hotel operators' expenses by about 47.35 million baht.
Hong Kong’s economy to grow for two successive quarters: HKU
Studies predicted that the real GDP in the second quarter will show growth of 0.6 per cent compared to the same period last year, while the unemployment rate is expected to…
Inflation not done with Philippines, shrinks peso value: Statistics Authority
National Statistician Dennis Mapa said elevated food, fuel and transport costs, as well as “sin” products, like cigarettes and alcoholic drinks, contributed the most to last…
We want to make Uttar Pradesh a one trillion-dollar economy: Yogi Adityanath
The chief minister said that in the past five years, his government had worked against nepotism, family politics, casteism and bad governance to establish the rule of law.
2022 deficit to drop below 4% despite subsidy hike: Indonesia government
The growth in revenue was largely due to surging commodity prices and recovery in tax collection as the domestic economy rebounded.
Bangladesh trade deficit hits historic high of $30.81 billion
Many banks are now facing inadequate US dollars due to the high imports, which has consequently left an adverse impact on the exchange rate of the taka against the dollar.
A look into post-pandemic cattle markets in city
Many cattle traders either reduced their production or left the business due to the huge loss last year.
Massive employment opportunities in energy efficiency: Group of 20
Work on energy efficiency would employ some 3.1 million people, thereby accounting for around 10 percent of all clean energy jobs up to 2030.
Crisis-hit Sri Lanka grinds to a halt
According to the energy minister, the nation has less than a day's worth of fuel left, with public transport grinding to a halt as the country's economic crisis deepened.