Political goals control Indonesia’s sovereign wealth fund
Since its foundation in February 2021, the fund has dealt with a wide range of projects, from toll roads and airports to tech companies.
ECONOMIC AFFAIRS
Fuel price hike and domestic consumer spending patterns
Though quite resilient, spending levels in the third quarter of 2022 have continued to be restrained amid rising inflation.
Beijing OKs tax breaks, defers govt-levied charges
Localities will also be encouraged to postpone the collection of subnational, government-levied charges on enterprises.
Pound’s record drop hits money changers in S’pore, sparks interest in travel to UK
Those likely to benefit from the drop would be Singaporeans looking to invest in the property sector in Britain or to travel there, said an economist.
S’pore’s Indian eateries hurt by India’s wheat ban may raise prices of dishes soon
India, the world's second-biggest producer of wheat, stopped exporting the grain and its flour in May in an attempt to put a cap on skyrocketing domestic prices.
McDonald’s Japan to raise prices of burgers, other items
The price hikes will be the second increase this year.
Livestreams to provide lifeline for job seekers
The rise of livestreaming as a career is a demonstration of the changing nature of employment, with the job not existing a few years ago.
Most stocks fall on Dhaka bourse for third day
The DSEX, the benchmark index of the premier bourse in Bangladesh, lost 0.73 points, or 0.01 per cent, to 6,510 at 12:10 pm.
Red tape, poor infrastructure, holding back tourism in Bangladesh
The country is yet to offer quality resorts and hotels with proper recreational facilities that would attract tourists.
World Bank revises upward Malaysia’s 2022 GDP growth forecast to 6.4%
Data showed that the economy had expanded above expectations in the first half of the year, driven by better domestic consumption and robust export growth.