Malaysian government channels RM20.94 billion for wage subsidy programme
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the effort was aimed at reducing the unemployment rate among Malaysian workers.
ECONOMIC AFFAIRS
Indonesia’s inflation may exceed 4% next year, upping pressure on govt
The central bank estimates that, for next year, there is a possibility that inflation may go sideways again, just like in 2022.
Strengthen monetary policy to curb rising inflation: Cambodia PM
According to the National Bank of Cambodia, the Russia-Ukraine conflict pushed inflation in Cambodia to a record 7.2 per cent in March, the highest in over a decade.
Nepal aims for 100% electricity access by 2024
According to the power utility, 10 districts were added to the national grid in the last fiscal year.
Urban poor Malaysians sacrifice nutrition to cope with rising food prices
According to the Statistics Department, food inflation rose by 4.1 per cent in April, with 89.1 per cent of items in the food and beverage group recording increases.
Philippines’ supply of white onions gone since July, growers say
The Department of Agriculture is checking the inventory of white onions, as there might be instances of hoarding occuring, not unlike sugar.
Japanese govt to keep imported wheat prices unchanged
There are concerns, however, that taking such measures will force the government to expand fiscal spending at a time when it is uncertain when prices will turn lower.
S’pore will have more millionaires per population v US, China by 2030: HSBC
The bank said that in Asia, Singapore is already second to only Australia, whose share of millionaires per population stood at 8 per cent in 2021.
Philippine debt conundrum: Relying on consumption tax, making life tougher for the have-nots
An expert said that poor and middle class Filipinos now bear a disproportionately greater tax burden than before.
Inflation in Singapore expected to peak in Q4 and stabilise: DPM Wong
Mr Lawrence Wong, who is also Finance Minister, added that the extent of this easing towards the year end and where the new inflation rates will stabilise at are big uncertainties.