Some seniors bear brunt of inflation as children give them less money
A study found that the share of seniors who received cash allowance from their children dropped from 69 per cent in the two-year period from 2018 to 2019 to 64 per cent in the…
Can Cambodia’s banking sector stay insulated from soaring inflation?
Funding costs for banks and financial institutions in Cambodia are expected to rise in the second half of this year going into 2023.
Over 1.4 million consumers to have free electricity in Himachal Pradesh: Chief minister
The Chief Minister also urged the people of the state to save power as power saved was power generated.
Consumers cut spending as inflation bites household budgets
In July, inflation rose to 4.94 per cent year-on-year, exceeding the Bank Indonesia forecast that the consumer price index would rise between 4.5 and 4.8 per cent.
China announces benefits to support people facing economic hardship
It is expected that from September to March, people in hardship nationwide will be provided with about 20 billion yuan ($2.9 billion) of temporary subsidies.
Bank of Korea makes 4th consecutive rate hike
The unanimous decision reached by all seven board members comes as the country fights inflation at an almost 24-year high.
Protests in Karachi against inflated electricity bills, power outages
In the last few weeks, demonstrations have been reported across the country against the fuel price adjustment and taxes on the electricity bills.
Indonesia weighs $13 billion subsidy hike to keep fuel cheap
While fiscal consolidation remains on track, the move would see the government take another chunk out of the state’s windfall revenue from commodity exports to keep fuel cheap.
Sugar price hike: JS body slams two ministers
Sugar importers have blamed the price hike on the depreciation of the taka, which has increased the import costs by 20-23 per cent.
Korean ramen next in line for sharp price hike
Nongshim, a leading South Korean ramen maker said it was raising prices for instant noodles and snacks due to soaring global wheat prices.