Hong Kong buys HK$6.413 billion from market to defend currency peg
The Hong Kong dollar is pegged to a tight band of between 7.75 and 7.85 versus the US dollar.
The policy mix turn: From disciplining prices to resolving stagflation
The pandemic-induced economic crisis has taught us that solely adjusting policy rates does not serve the goal of economic development.
Philippine fuel prices expected to drop for second week in a row
An expert attributed the projected rollback in local pump prices to the lockdowns in China and interest rate hikes globally.
Nepal continues import ban on 10 goods items as foreign exchange reserves dwindle
The latest restriction, till August-end, has been imposed on importing mobile sets that are priced over $300 and motorcycles with capacity over 150cc.
S’pore money changers see higher demand for euro, USD amid stronger Singdollar
Central banks globally have also been on a tightening spree to fight inflation.
Facing a darkening economic outlook: How the G-20 can respond
To avoid potential crises and boost growth and productivity, more coordinated international action is urgently needed.
Hong Kong rules out tax hikes amid heavy spending
In the medium term, the government will introduce a progressive rating system for domestic properties in 2024-25 to reflect the "affordable users pay" principle.
Higher-than expected GDP outlook for Malaysia despite inflation
For Malaysia, inflation has been averaging at almost 3 per cent year-on-year with food prices being the main factor for its rise.
Bongbong Marcos urged to revive Marcos Sr’s oil price stabilization fund
Recently, activist groups have also called for the suspension of taxes on oil products to alleviate the suffering of the poor due to high fuel prices.
Inflation rising but S’pore economy not at risk of overheating: Experts
The Ministry of Trade and Industry now says that the economy will likely grow within the lower half of its 3 to 5 per cent forecast range for 2022.