Bank of Korea eyes bumper rate hike as inflation hits 24-year high
The deputy director-general for short-term economic statistics stated that Korea could see prices soar 7 per cent annually in the coming months, given the current pace of…
Motorists in Philippines get reprieve as fuel prices drop
Industry players implemented the reduced prices this week after raising local pump prices for four straight weeks.
Japan’s bean sprout growers buckle under inflation pressure
Producers are facing a difficult situation where they cannot demand retailers significantly raise prices despite soaring prices of mung beans.
Driven by food prices, Indonesia’s domestic inflation soars more than expected
Economists from Bank Mandiri stated that inflation would continue to rise significantly early in the second half of the year, particularly food prices.
13-year high core inflation: How Singapore is coping with rising prices
From a tighter monetary policy to longer-term electricity contracts, measures have been put in place to blunt the impact of rising prices on households and businesses.
Food security shocks minimal: World Bank
Senior economist Ly Sodeth said Cambodia is well-positioned to weather fallout from the trifecta of the protracted Ukraine conflict, inflation, and global food shortages.
Crisis-hit Sri Lanka grinds to a halt
According to the energy minister, the nation has less than a day's worth of fuel left, with public transport grinding to a halt as the country's economic crisis deepened.
4 out of 10 firms in South Korea experienced raw materials price hikes higher than 20%: Survey
The survey came as South Korea is grappling with inflation running high amid global oil and commodity price hikes driven by rebounding demand, pandemic-caused lockdowns in China…
Kindred soles: Japan workwear firms target hybrid shoes market
The companies efforts in the footwear can be traced to the diversification of working styles — and clothing — engendered by the novel coronavirus pandemic.
Is the rupee’s recovery sustainable?
The writer says dundamental reasons for the rupee’s weakening such as widening trade and current account deficits were present even before the replacement PTI regime.