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.
Economic Affairs
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.
June inflation likely zoomed past 6%: Economists
The last time that headline inflation hit the 6-percent mark was the 6.1-percent rate in November 2018, at the height of the rice crisis, which led to import liberalization.
Indonesia may not meet EU demand for coal
Previously, Germany was said to have asked for around 150 million tons of coal from Indonesia, but the ministry said there was no formal agreement to that request.
Vietnam’s GDP hits 10-year high of 7.72% in Quarter 2
The figures for the same quarters in the last three years of 2019, 2020 and 2021 were 7.1 per cent, 0.52 per cent and 6.73 per cent, respectively.
In yet another hike, Pakistan jacks up petrol price by nearly Rs15
Minister of State for Petroleum Musadiq Malik said the government had to take tough decisions to steer the country out of the crisis.
Worsening inflation outlook fuels sharper rate hike bets for South Korea
The monthly increase observed in the survey is also the largest gain seen since the Bank of Korea began compiling data in 2008.