Driven by food prices, Indonesia’s domestic inflation soars more than expected
Economists from Bank Mandiri stated that inflation would continue to rise significantly early in the second half of the year, particularly food prices.
13-year high core inflation: How Singapore is coping with rising prices
From a tighter monetary policy to longer-term electricity contracts, measures have been put in place to blunt the impact of rising prices on households and businesses.
Food security shocks minimal: World Bank
Senior economist Ly Sodeth said Cambodia is well-positioned to weather fallout from the trifecta of the protracted Ukraine conflict, inflation, and global food shortages.
Crisis-hit Sri Lanka grinds to a halt
According to the energy minister, the nation has less than a day's worth of fuel left, with public transport grinding to a halt as the country's economic crisis deepened.
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…
Kindred soles: Japan workwear firms target hybrid shoes market
The companies efforts in the footwear can be traced to the diversification of working styles — and clothing — engendered by the novel coronavirus pandemic.
Is the rupee’s recovery sustainable?
The writer says dundamental reasons for the rupee’s weakening such as widening trade and current account deficits were present even before the replacement PTI regime.
Vietnam, Hungary’s parliaments sign new cooperation agreement
The two sides will implement a mechanism to regularly exchange information on legislative activities, and on bilateral and multilateral international treaties to which both…
Concrete actions are important to shared prosperity: Australian foreign minister
Vietnam is the first South-east Asian country Australian Minister of Foreign Affairs Penny Wong paid a visit to after assuming the position.
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…