As the cost of living goes up, food delivery riders plan strike for Aug 5
Vice-president of Malaysian P-Hailing Riders’ Association Abdul Hakim Abdul Rani said riders are feeling the pressure to complete more deliveries per day just to meet their…
South Korea’s inflation at near 24-year high in July on high energy, food prices
Consumer prices soared 6.3 per cent last month from a year earlier, accelerating from a 6 per cent on-year spike in June.
As Duterte stepped down, more Filipinos tighten belts to make ends meet
The percentage of Filipino families, who rated themselves poor, hit 54 per cent, or 13.1 million households, in December 2019, the highest in five years.
India’s average inflation rate highest in 2022, at 6.82%, since 2014
The overall increase in CPI based inflation is broad based and major contributions is due to increase in food and fuel related indexes.
Prices keep surging amid growth woes
The trade deficit for Asia’s fourth-largest economy in the first half of this year reached $10.3 billion, the largest ever seen in the six-month period.
Police ‘react’ with violence against Komodo price hike protesters
Tourism businesses in Komodo National Park began a month-long strike as the government imposed an 18-fold price hike for admission to the park's most popular islands, Komodo and…
US interest rate hikes unlikely to trigger another financial crisis in Southeast Asia
While pressure on exchange rates and bond yields is likely to persist over the coming months, evidence indicates that many Asean economies are better prepared.
Step up targeted solutions to tame runaway inflation, economists say
In Cambodia, inflation has surged to 7.2 per cent year-on-year as of March 2022 on the back of stronger US dollar and rising fuel prices, eliciting anxiety.
HKMA chief says Exchange Fund to ride out financial storm
Caught in this perfect storm, the Exchange Fund, which aims to safeguard the exchange value of the Hong Kong dollar, is expected to suffer a “significant loss” in the first…
Pakistan rupee falls to new low, closes at 236 against dollar in interbank
The dollar has come under renewed pressure amid higher demand from importers.