US interest rate hikes unlikely to trigger another financial crisis in Southeast Asia
While pressure on exchange rates and bond yields is likely to persist over the coming months, evidence indicates that many Asean economies are better prepared.
Step up targeted solutions to tame runaway inflation, economists say
In Cambodia, inflation has surged to 7.2 per cent year-on-year as of March 2022 on the back of stronger US dollar and rising fuel prices, eliciting anxiety.
HKMA chief says Exchange Fund to ride out financial storm
Caught in this perfect storm, the Exchange Fund, which aims to safeguard the exchange value of the Hong Kong dollar, is expected to suffer a “significant loss” in the first…
Pakistan rupee falls to new low, closes at 236 against dollar in interbank
The dollar has come under renewed pressure amid higher demand from importers.
South Korea’s growth outlook darkens over poor exports, rising prices
Inflation hit a 24-year high of six per cent in June and Korea is also seeing speculation over revisiting Covid-19 curbs amid a surge in cases.
Malaysian mutton to cost more soon
With fewer farmers now rearing goats, local mutton is expected to cost more in the coming months.
IMF cuts global growth forecasts amid high inflation
The Fund cut its 2023 growth forecast to 2.9 per cent from the April estimate of 3.6 per cent, citing the impact of tighter monetary policy.
S’pore core inflation in June hits 13-year high of 4.4%
Singapore has been trying to rein them in by strengthening its currency, but as June’s numbers show, this remains an uphill task.
Cooking oil ceiling price will be set soon: Inflation task force chairman
The ceiling price, he added, would be based on the current global market price of palm oil.
Indonesia’s record trade surplus ‘unsustainable’ as palm oil prices plummet
The archipelagic nation’s exports to the rest of the world exceeded its imports by US$24.89 billion.