Korean ramen next in line for sharp price hike
Nongshim, a leading South Korean ramen maker said it was raising prices for instant noodles and snacks due to soaring global wheat prices.
ECONOMIC AFFAIRS
Egg prices break all-time high in Indonesia, industry blames bulk social aid purchases
Indonesian Political Economy Association agriculture expert Khudori said the chicken egg price spike would likely be seasonal, in accordance with the social assistance program…
Indonesia’s central bank hikes rate for first time since 2018, warns inflation could exceed 5%
The hike is in line with a forecast by financial research firm Moody’s Analytics, while most economists polled by financial news provider Bloomberg had expected no increase.
Minimum wages to top Japanese govt recommendation in 22 prefectures
The national weighted average of minimum wages stands at ¥961, up ¥31 from the previous year. The new minimum wages will take effect on or after Oct. 1.
China to unveil more policies to cement economic recovery
A State Council executive meeting chaired by Chinese Premier Li Keqiang also planned to send work teams to urge and serve local pro-economy efforts and beef up support for drought…
South Korea’s ruling party, government agree on more subsidies in 2023 budget
The ruling party and the government also agreed to include budget for planning storm drains in urban areas in light of recent rains, to direct more funds into supporting disabled…
Private power plants: ‘Collusive deals’ cost Bangladesh taxpayers $1 billion a year
A study also found that Bangladesh Power Development Board bought electricity from some power plants at a price 25 per cent higher than that of identical power plants.
Bangladesh government trying to shore up Aman rice harvest
The crop accounted for 39 per cent of the nation's rice output in the fiscal year 2021-22.
S’pore core inflation hits 13-year high of 4.8% in July, overall inflation reaches 7%
The July figure, slightly above the Bloomberg poll of 4.7 per cent rise, climbed on the back of stronger price hikes in food, electricity and gas.
Pakistan PM Shehbaz announces fuel charge adjustment exemption for 17 million power consumers
He added that the government was also reviewing the situation for the rest of the 13 million power consumers who were in a better financial position.