Plans launched to ease Malaysia’s financial burden
The changes in Malaysia's insolvency laws comes as the government attempts to modernise the nation’s ‘colonial era’ laws and prevent people from being stuck in debt.
South Korea to invest 67 trillion won to spur provincial economy
To bolster its responsiveness to fears of oncoming recession and other geopolitical risks, the nation said it has decided to speed up its spending scheme.
Inflation and supply disruptions top risks for Emerging Asia: Moody’s
Although commodity prices have retreated from record levels, Moody’s expects supply additions to be limited, while demand will remain strong during winter.
S’pore’s GST hike will go ahead, but support measures will offset impact even amid inflation: DPM Wong
He also stressed that the majority of households will not feel the impact of the tax hike for at least five years.
India’s retail inflation rises to 7 per cent in August on high food prices
Retail inflation has now been above the Reserve Bank of India’s tolerance band for the eighth consecutive month.
Japan’s Meiji to up milk, yogurt prices
The markups come as raw milk prices are set to be hiked in November 2022, with rivals possibly following suit.
Thai government freezes price of LPG cooking gas
The government hopes this will lessen the impact of rising energy prices.
After Chuseok holiday, Koreans to face further restaurant inflation
The average price of gimbap, a budget-friendly meal, surged 2.6 percent to surpass the 3,000 won ($2.2) mark as of August compared to a month earlier.
Govt will likely provide ¥50,000 handouts to low-income households
With the lingering impact of price increases, they will emphasise energy and food products as a key area for countermeasures.
Malaysia’s vegetable prices expected to soar due to continuous rain
The Malaysian Meteorological Department forecast that the rainy season would continue for the next few months.