India may keep lid on sugar exports
India had exported a record 11 million tonnes in the previous season, but has only allowed sugar mills to export only 6.1 million tonnes in the current season so far.
India had exported a record 11 million tonnes in the previous season, but has only allowed sugar mills to export only 6.1 million tonnes in the current season so far.
Many companies appear to be trying to boost their appeal to attract talent before the shunto wage negotiations begin in spring.
The central bank's latest rate action was in line with estimates published beforehand by state-owned Bank Mandiri and publicly listed private-lender Bank Danamon.
The development is set to fuel a fresh round of inflation, which declined for the fourth straight month in December last year.
Since 2022, the Marcos administration has been struggling to keep down food prices and ensuring an adequate supply of some key commodities, including red onions and sugar.
According to the Philippine Statistics Authority, the spike was mainly due to the higher annual increase in the price index of food and non-alcoholic beverages at 8.4 per cent.
Combined with revenue loss in the latest round, the government would lose about 140 billion to 150 billion baht in diesel excise revenue.
The decrease in inflation expectation coincides with global food commodity and energy prices coming off the peaks reached last year.
China has also been largely protected from the impact of the global energy crisis, due to its measures to ensure adequate supplies.
Until the economy improves, Malaysians will need to seek supplementary sources of income and improve their skills to cope with the rising cost of living.