Surging fertilizer prices hit Japanese farmers hard
The problem has emerged due to Japan's reliance on China and Russia for most of the materials used to produce fertilizers.
Economic Affairs
Vietnam’s cashew exports to slow in 2022 amid global inflation, Russia sanctions
The cashew industry exported cashews to 104 countries and territories last year, with Russia being 11th largest buyer of Vietnamese cashews.
4 out of 10 firms in South Korea experienced raw materials price hikes higher than 20%: Survey
The survey came as South Korea is grappling with inflation running high amid global oil and commodity price hikes driven by rebounding demand, pandemic-caused lockdowns in China…
Peso breaches 55:US$1, now Asean’s worst performer
Analysts are worried about the speed that the peso has been depreciating, and that this might come to the point when the Bangko Sentral ng Pilipinas would have to use its foreign…
Pressure on forex reserves: Bangaldesh exploring loan of up to $4.5 billion from IMF
Even though imports are slowly contracting, the elevated inflation levels around the world mean the odds of a slowdown in both remittance inflows and export orders are high.
Japan’s labour ministry to gather data on foreign workers
According to the ministry, there were approximately 1.727 million foreign workers in Japan as of October 2021, a record high for the ninth consecutive year.
Over 500,000 expats returned home after losing jobs amid Covid-19 pandemic: Minister
The Bangladesh Expatriates' Welfare and Overseas Employment minister also said that a total of 1.05 million female migrant workers were working in 84 countries across the world.
How cryptocurrency thrives in crisis zones
Their relative anonymity offers a haven for criminals, extremist groups and sanctioned governments — but champions say they also support citizens caught up in crises.
The rise of Islamic banking
Islamic banking in Pakistan appears to be unstoppable — while conventional banking deposits grew an average of 13 per cent annually, Islamic banking deposits have grown by 42…
Korean Won sinks to 13-year low, drags Kospi further down
Aggressive moves by the US Federal Reserve to tame the red-hot inflation, at the risk of an economic downturn, were believed to have prompted the sell-off of Kospi by foreigners.