Hong Kong govt eyes 6.7% minimum wage hike
Subject to the approval of the Legislative Council, the revised minimum wage will come into force on May 1 this year, Labour Day.
Philippine agriculture dept authorizes importation of more than 21,000 metric tons of onions
Retail prices of red onions have recently increased to as high as P700 per kilo, most likely the most expensive in the world.
Record-high 2022 pork imports seen to further harm local meat producers
Brazil was the Philippines’ primary source of meat imports with Spain and the United States coming in second and third.
Bank of Korea likely to continue rate hikes
Though the consumer price index fell slightly to the 5 percent range after reaching its peak at 6.3 percent in July, it still exceeds the 2 percent target set by the central bank.
Power tariff hike to drive up production cost, stoke inflationary pressures: Experts
The Bangladesh Energy Regulatory Commission had recently recommended raising retail electricity prices by 15 per cent.
‘We can’t feed kids at these prices’: School canteen operators ask for subsidies
With the rising costs of ingredients, they claim that they are struggling, especially when their prices are contractually bound by canteen tenders.
McDonald’s Japan to raise prices for 3rd time in less than a year
The company cited soaring costs for materials, labor, transportation and electricity.
Spore’s private property rents for 2022 at highest level since 2013
Surging rents caught many tenants by surprise, with many having to move after their leases were up and landlords hiked prices, said property agents.
Philippine inflation rose further to 8.1% in December
Inflation in December was the highest since November 2008, and was more than twice as high as the 3.1 percent recorded in December 2021.
Chicken meat may cross beef price as feed crisis sees no end
There has been a sharp spike in the prices of poultry products since Oct 2022 after authorities stopped the release of GMO soybean shipments arriving mainly from the US and Brazil.