Bakers’ turn: Price hike on bread prices sought to cover ingredient prices
The last time bread prices were adjusted was in Feb 2022, after local bread manufacturers grappled with the rising cost of flour, which had increased by nearly 45 per cent.
Malaysian government channels RM20.94 billion for wage subsidy programme
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the effort was aimed at reducing the unemployment rate among Malaysian workers.
Indonesia’s inflation may exceed 4% next year, upping pressure on govt
The central bank estimates that, for next year, there is a possibility that inflation may go sideways again, just like in 2022.
Strengthen monetary policy to curb rising inflation: Cambodia PM
According to the National Bank of Cambodia, the Russia-Ukraine conflict pushed inflation in Cambodia to a record 7.2 per cent in March, the highest in over a decade.
Urban poor Malaysians sacrifice nutrition to cope with rising food prices
According to the Statistics Department, food inflation rose by 4.1 per cent in April, with 89.1 per cent of items in the food and beverage group recording increases.
Philippine debt conundrum: Relying on consumption tax, making life tougher for the have-nots
An expert said that poor and middle class Filipinos now bear a disproportionately greater tax burden than before.
Inflation in Singapore expected to peak in Q4 and stabilise: DPM Wong
Mr Lawrence Wong, who is also Finance Minister, added that the extent of this easing towards the year end and where the new inflation rates will stabilise at are big uncertainties.
China unexpectedly cuts key rates to propel economic rebound
Experts said the rate cuts will reassure the market about the central bank's priority of growth stabilization among multiple policy goals.
South Korea raises alarm for supply shortage in farm products
According to an indicator held by the Korea Agro-Fisheries & Food Trade Corp., wholesale price tags of major field crops showed hikes after the rainfall earlier this week.
Sugar crisis may trigger price hikes of processed food, beverages
Over the weekend, President Ferdinand Marcos Jr. said he might consider importing as much as 150,000 metric tons of sugar in October.