Typhoon Karding farm damage to jack up rice, vegetable prices: Department of Agriculture
Karding has wiped out P2.02 billion worth of agricultural produce, with the rice sector accounting for nearly 82 per cent of the recorded damage.
ECONOMIC AFFAIRS
Indonesia’s 2023 Budget Law aims for 2.8% shortfall to escape commodity-prices trap
With a much lower deficit target, the government is also set to cut debt issuance to Rp 696.3 trillion, which is a 26 per cent drop from this year’s revised Rp 943.7 trillion.
Employees of Bangladesh’s 1st solar plant without salaries for 4 months
Seven people have already left the job for not getting salary in time, with only 18 staffers remaining at their positions.
Japan’s beer drinkers squirrel away suds in anticipation of price hikes
The unseasonal rise in demand for beer is happening because the prices of a wide range of foods and drinks will increase starting in October.
World Bank lowers 2023 growth target for Malaysia
The World Bank also announced it had upgraded its forecast for Malaysia’s economic growth for this year to 6.4 per cent from an earlier 5.5 per cent.
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.
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.