Crude palm oil excluded from Indonesia export ban
Jokowi had said that exports of cooking oil and its raw material would be banned, but did not mention details.
Policy Matters
Proposals to spur domestic investment will be studied: Malaysia PM
The proposals include studying the feasibility of reducing bureaucracy, streamlining investment initiatives, better management of foreign labour, among others.
Laws to ban sale of cigarettes to those born after 2005 will be tabled in Parliament: M’sia Health minister
He said the proposed law was aimed at ensuring that the nation's young did not end up as cigarette smokers or vaping on nicotine devices.
China to further tap consumption potential
The country plans to build a batch of warehouses at the suburbs of large and medium-sized cities to ensure the supply of daily necessities in case of emergencies.
China rolls out private pension scheme for aging population
The scheme allows citizens to contribute up to 12,000 yuan annually to individual pension accounts subject to closed-end management.
Japan govt preparing additional cash handouts for low-income households
The latest handout, amounting to ¥100,000 (US$780) will cover households that were newly exempted from resident tax from fiscal 2022.
Pricey oil may cost Indonesia US$13 billion more in subsidy spending
The announcement comes as global oil prices are close to double the $63-per-barrel assumption that served as the basis for the 2022 budget.
Price ceiling hike for air tickets will not hit inflation
The proposed price would equal the ceiling price applied in 2015 but the Civil Aviation Authority of Vietnam has accounted for the need to protect the interests of passengers.
High demand for foreign workers indication Malaysian businesses doing well: Minister
Resources Minister Datuk Seri M. Saravanan said it was odd for industry players to cite bad business when the demand for foreign workers was high.
China’s loan prime rates in Q2 expected to slip
Vice-minister of finance Liao Min said China is looking to reduce and avoid the launch of policy measures that have a significant economic contraction impact.