Indonesia’s new finance minister signals budget continuity
Yudhi Sadewa said the government was going to maintain the budget deficit below 3 percent of gross domestic product, in accordance with state finance law.
India’s retail inflation in August rises to 2.07%; economists predict pause in RBI rate cut
An increase in headline and food inflation in August is mainly attributed to the rise in inflation in vegetables, meat and fish, oil and fats, personal care and affects, eggs,…
Millions of customers in Vietnam see electricity bills rise 30 percent or more
The increases were mainly due to an intense heatwave in early August, which pushed power consumption in the northern region to a record high on August 4.
‘Climateflation’ and the effect of extreme weather on food prices in Pakistan
With entire crops washed away in the recent floods, the nation will have to bear steadily increasing food prices.
Stink bug outbreak across Japan sparks rice price concerns
The bugs, known for their foul odor, attach themselves to a rice plant forming its ear, pierce the grains with their stylets, and suck out the juices. As a result, the grains…
Indian government starts selling onions at subsidised rates to beat inflation
The onions were procured from farmers/farmer’s federations in major rabi onion producing areas in Maharashtra, Gujarat and Madhya Pradesh, and payments for the onions have been…
Hiked egg prices in Malaysia crack small traders’ profits
The government discontinued the egg subsidy on August 1, after spending around RM2.5 billion from February 2022 to support the industry.
Inflation in Indonesia eases in August despite rising food prices
Expenditures in the food, beverage and tobacco category contributed most to monthly deflation in August, when the CPI eased to 108.51 from 108.60 in July.
Pakistan’s Punjab to release wheat stocks to curb rising prices
Currently, the Commodities and Price Control Department holds 0.89 million tonnes of carryover wheat stocks from last year’s procurement.
Concert pullouts in Indonesia signal sponsorship, spending strains
Experts point to waning interest from corporate sponsors, especially SOEs that have “reallocated budgets” to programs more closely tied to government priorities, as a key…