Filipinos spend a third of budget for food: Study
The study also found that utilities, transportation, and food totaled 49 per cent of the expenditure share of Filipino homes in 2018.
ECONOMIC AFFAIRS
Won weakens further despite warning against speculation
The depreciating won is a headache for households too, who may have to refinance their budget to respond to soaring food import costs.
Experts sure RMB won’t have meltdown
While the renminbi exchange rate against the US dollar touched a 23-month low, experts said it is unlikely the Chinese yuan will depreciate significantly in the rest of the year.
Nearly a third of Philippines’ P5.3 trillion budget used to pay for debts
Despite the huge repayment, the government’s outstanding debt will still jump to a new high of P14.63 trillion by end 2023.
China’s rate cuts set to boost economic recovery: Experts
China's over-five-year loan prime rate dropped to 4.3 per cent in August, marking the lowest level since the rate debuted in Aug 2019.
Hong Kong economy moves forward despite inflation: Financial secretary
The local unemployment rate from May to July dropped 1.1 percentage points compared with the level from February to April, while the underemployment rate fell 1.6 percentage…
Pakistan PM Shehbaz seeks urgent report on inflated electricity bills
The development comes after scores of people in several parts of the country took to the streets in protest against inflated power bills of both domestic and industrial…
Are eco-friendly bricks the future of Indonesia’s building material?
Eco-friendly building materials can be a solution to minimise plastic waste, but challenges, including costly production, remain.
Pakistan government lifts ban on import of luxury items
At the same time, the government will also impose heavy regulatory duties on these items, with duties for some sectors going up to 400 to 600 per cent.
Indonesia government prepares for ‘turmoil’ with prudent 2023 budget
The government projects 2023 GDP growth of 5.3 per cent, a tad higher than this year’s expected 5.2 per cent, and inflation is predicted to fall to 3.3 percent.