Sri Lanka’s ambassador urges ADB and World Bank to take bigger role in debt restructure
He also called for more assistance from partners after the debt-ridden country claimed bankruptcy and imposed a state of emergency.
Indian Parliament adjourned amid protests by opposition over inflation
Several Opposition MPs have given a suspension of business notice to discuss various issues like inflation and the recent increase in GST.
Indonesia seen as ‘bright spot’ amid global economic gloom
Indonesia has thrived throughout the pandemic, growing at 3.69 per cent in 2021, according to Statistics Indonesia (BPS).
Hunger pains in Colombo’s Slave Island as Sri Lanka’s food prices rocket
During the country's worst-ever economic crisis, Sri Lankans are buying less, eating less and working less.
Pricey ‘pecel lele’: Global inflation crisis scorches Greater Jakarta’s food stalls
Before the war, about a quarter of Indonesia's imported wheat came from Ukraine, whose ports Moscow is now blockading.
Hong Kong buys HK$6.413 billion from market to defend currency peg
The Hong Kong dollar is pegged to a tight band of between 7.75 and 7.85 versus the US dollar.
The policy mix turn: From disciplining prices to resolving stagflation
The pandemic-induced economic crisis has taught us that solely adjusting policy rates does not serve the goal of economic development.
Philippine fuel prices expected to drop for second week in a row
An expert attributed the projected rollback in local pump prices to the lockdowns in China and interest rate hikes globally.
Nepal continues import ban on 10 goods items as foreign exchange reserves dwindle
The latest restriction, till August-end, has been imposed on importing mobile sets that are priced over $300 and motorcycles with capacity over 150cc.
S’pore money changers see higher demand for euro, USD amid stronger Singdollar
Central banks globally have also been on a tightening spree to fight inflation.