South Korea’s growth outlook darkens over poor exports, rising prices
Inflation hit a 24-year high of six per cent in June and Korea is also seeing speculation over revisiting Covid-19 curbs amid a surge in cases.
Malaysian mutton to cost more soon
With fewer farmers now rearing goats, local mutton is expected to cost more in the coming months.
IMF cuts global growth forecasts amid high inflation
The Fund cut its 2023 growth forecast to 2.9 per cent from the April estimate of 3.6 per cent, citing the impact of tighter monetary policy.
S’pore core inflation in June hits 13-year high of 4.4%
Singapore has been trying to rein them in by strengthening its currency, but as June’s numbers show, this remains an uphill task.
Cooking oil ceiling price will be set soon: Inflation task force chairman
The ceiling price, he added, would be based on the current global market price of palm oil.
Indonesia’s record trade surplus ‘unsustainable’ as palm oil prices plummet
The archipelagic nation’s exports to the rest of the world exceeded its imports by US$24.89 billion.
Hong Kong has strong capacity to maintain dollar peg: Financial Secretary
He also predicted that Hong Kong’s economic recovery will continue to face challenges in the second half of the year.
Retailers and F&B operators face challenging days as landlords seek pre-pandemic level rent
Property agents told The Straits Times that landlords are testing their tenants’ ability to stomach higher rental amid the current economic recovery.
Higher water rates loom in Metro Cebu
Average consumption charges by July 2023 will be roughly 60 per cent of current bill.
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.