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.
Egg prices break all-time high in Indonesia, industry blames bulk social aid purchases
Indonesian Political Economy Association agriculture expert Khudori said the chicken egg price spike would likely be seasonal, in accordance with the social assistance program…
Indonesia’s central bank hikes rate for first time since 2018, warns inflation could exceed 5%
The hike is in line with a forecast by financial research firm Moody’s Analytics, while most economists polled by financial news provider Bloomberg had expected no increase.
Minimum wages to top Japanese govt recommendation in 22 prefectures
The national weighted average of minimum wages stands at ¥961, up ¥31 from the previous year. The new minimum wages will take effect on or after Oct. 1.
China to unveil more policies to cement economic recovery
A State Council executive meeting chaired by Chinese Premier Li Keqiang also planned to send work teams to urge and serve local pro-economy efforts and beef up support for drought…
S’pore core inflation hits 13-year high of 4.8% in July, overall inflation reaches 7%
The July figure, slightly above the Bloomberg poll of 4.7 per cent rise, climbed on the back of stronger price hikes in food, electricity and gas.
Pakistan PM Shehbaz announces fuel charge adjustment exemption for 17 million power consumers
He added that the government was also reviewing the situation for the rest of the 13 million power consumers who were in a better financial position.
Filipinos spend a third of budget for food: Study
The study also found that utilities, transportation, and food totaled 49 per cent of the expenditure share of Filipino homes in 2018.