Japanese lumber prices soaring again
Prices for plywood and lumber have risen 10 to 20 per cent in the last three months, leading to moves to raise housing prices.
Global rate raise: Asian central banks forced to play catch-up
Asia has lagged as the rest of the world, including emerging markets, began lifting rates as early as last June.
Hong Kong consumer prices up 1.8% in June
In view of surging inflation in some major import sources, price pressures on the external front are expected to remain notable, said a government spokesman.
Chicken prices in Putrajaya to be ‘lowest in the market’ from Aug 1: Minister
He said a slaughterhouse would be built to try to continuously maintain the set price for chickens.
‘Panic’ in Pakistani markets as rupee slides further against US dollar
Besides the 18 per cent dip in currency value since last December, Pakistan faces economic turmoil, with fast depleting foreign reserves and widening fiscal and current account…
Indian rupee plunges, hits 80 per dollar
Tighter US monetary policy has exacerbated outflows from emerging markets such as India, where foreign investors have withdrawn a net $31 billion in debt and equity this year.
Sri Lanka’s ambassador urges ADB and World Bank to take bigger role in debt restructure
He also called for more assistance from partners after the debt-ridden country claimed bankruptcy and imposed a state of emergency.
Indian Parliament adjourned amid protests by opposition over inflation
Several Opposition MPs have given a suspension of business notice to discuss various issues like inflation and the recent increase in GST.
Indonesia seen as ‘bright spot’ amid global economic gloom
Indonesia has thrived throughout the pandemic, growing at 3.69 per cent in 2021, according to Statistics Indonesia (BPS).
Hunger pains in Colombo’s Slave Island as Sri Lanka’s food prices rocket
During the country's worst-ever economic crisis, Sri Lankans are buying less, eating less and working less.