South Korea’s 2023 budget includes support for soldiers, young parents
The budget bill also includes debt-rescheduling programs for small merchants, who have been hit by the pandemic, and care services for the disabled.
ECONOMIC AFFAIRS
IMF approves revival of Pakistan’s EFF programme, to release $1.17 billion loan tranche
The IMF will now immediately disburse about $1.2 billion to Pakistan and may provide up to $4 billion over the remainder of the current fiscal year, which began on July 1.
Philippines working ‘double time’ to boost salt industry
Agriculture Senior Undersecretary Domingo Panganiban said the government would have to earmark about P500 million to revitalize the salt industry.
Singapore to launch new work pass to attract global top talent; $30k monthly pay among criteria
This is among several initiatives to strengthen Singapore's position as a global talent hub, said Manpower Minister Tan See Leng.
Chicken ceiling price stays at RM9.40 per kg
The Domestic Trade and Consumer Affairs Minister said the government also decided not to float chicken prices in response to feedback from several quarters.
Can Cambodia’s banking sector stay insulated from soaring inflation?
Funding costs for banks and financial institutions in Cambodia are expected to rise in the second half of this year going into 2023.
Over 1.4 million consumers to have free electricity in Himachal Pradesh: Chief minister
The Chief Minister also urged the people of the state to save power as power saved was power generated.
Consumers cut spending as inflation bites household budgets
In July, inflation rose to 4.94 per cent year-on-year, exceeding the Bank Indonesia forecast that the consumer price index would rise between 4.5 and 4.8 per cent.
China announces benefits to support people facing economic hardship
It is expected that from September to March, people in hardship nationwide will be provided with about 20 billion yuan ($2.9 billion) of temporary subsidies.
Asian LNG prices hit new records as Japan, South Korea start stocking for winter
The surge in LNG prices had been triggered by a strain on global supplies as Europe grapples with the significant loss of gas flows from Russia.