Thailand hikes rate for 1st time since 2018 to tame inflation
The economy expanded 1.5 per cent last year, among the slowest in Southeast Asia.
ECONOMIC AFFAIRS
China consumer prices increase mildly, factory inflation eases
The core consumer price index, which excludes food and energy prices, gained 0.8 per cent year on year in July, lower than the 1 per cent increase in June.
Indonesian consumers less confident but keep spending
Inflation in Indonesia reached 4.94 per cent in July, the highest annual increase in seven years, according to Statistics Indonesia.
Bangladesh fuel price hike was avoidable: Report
An expert said the government could have avoided the unprecedented hike in the fuel prices by checking corruption, theft and mismanagement at the Bangladesh Petroleum Corporation.
Impact of fuel price hike being assessed: Bangladesh finance Minister
A price hike in fuel will cause a rise in the price of essentials, affecting the country's low-income group of people, he said.
China’s central bank to step up prudent monetary policy
The central bank will also promote China's financial reform and opening-up.
Freebie culture deteriorating states’ financial health: Venkaiah Naidu
The vice-president highlighted the role of communication in bridging the divide between the governments and citizens.
Restaurants, food companies try to hold prices steady even as costs rise
While the pressure to hike prices is growing, corporate efforts to better deal with it are likely to continue in the days ahead.
Sri Lanka raises electricity tariffs by up to 264%
Two-thirds of the 7.8 million households using less than 90 kilowatts a month will be affected by the highest increases.
Indonesia maintaining food security through subsidised fertiliser
Limited fertilizer supplies in the past few months have driven prices up significantly, especially in March-May.