Pricey ‘pecel lele’: Global inflation crisis scorches Greater Jakarta’s food stalls
Before the war, about a quarter of Indonesia's imported wheat came from Ukraine, whose ports Moscow is now blockading.
Before the war, about a quarter of Indonesia's imported wheat came from Ukraine, whose ports Moscow is now blockading.
The Hong Kong dollar is pegged to a tight band of between 7.75 and 7.85 versus the US dollar.
The pandemic-induced economic crisis has taught us that solely adjusting policy rates does not serve the goal of economic development.
An expert attributed the projected rollback in local pump prices to the lockdowns in China and interest rate hikes globally.
The latest restriction, till August-end, has been imposed on importing mobile sets that are priced over $300 and motorcycles with capacity over 150cc.
Central banks globally have also been on a tightening spree to fight inflation.
To avoid potential crises and boost growth and productivity, more coordinated international action is urgently needed.
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.
For Malaysia, inflation has been averaging at almost 3 per cent year-on-year with food prices being the main factor for its rise.
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.