Bangladesh’s electricity crisis may worsen
Experts have warned that with the dwindling fuel stocks, the duration of power outages would surely increase in the days ahead.
ECONOMIC AFFAIRS
‘Panic’ in Pakistani markets as rupee slides further against US dollar
Besides the 18 per cent dip in currency value since last December, Pakistan faces economic turmoil, with fast depleting foreign reserves and widening fiscal and current account…
Indian rupee plunges, hits 80 per dollar
Tighter US monetary policy has exacerbated outflows from emerging markets such as India, where foreign investors have withdrawn a net $31 billion in debt and equity this year.
Sri Lanka’s ambassador urges ADB and World Bank to take bigger role in debt restructure
He also called for more assistance from partners after the debt-ridden country claimed bankruptcy and imposed a state of emergency.
Indian Parliament adjourned amid protests by opposition over inflation
Several Opposition MPs have given a suspension of business notice to discuss various issues like inflation and the recent increase in GST.
Indonesia seen as ‘bright spot’ amid global economic gloom
Indonesia has thrived throughout the pandemic, growing at 3.69 per cent in 2021, according to Statistics Indonesia (BPS).
Hunger pains in Colombo’s Slave Island as Sri Lanka’s food prices rocket
During the country's worst-ever economic crisis, Sri Lankans are buying less, eating less and working less.
Tally for economically inactive seniors in South Korea surges 96% since 2002
Korea is projected to become a “superaged” society, whose share of seniors mark 20 percent or over, in two or three years.
Resolve shortage of foreign workers: Malaysian stakeholders
The business fraternity said extending the terms of existing foreign workers to three more years would help while the recruitment of extra hands was undertaken.
Pricey ‘pecel lele’: Global inflation crisis scorches Greater Jakarta’s food stalls
Before the war, about a quarter of Indonesia's imported wheat came from Ukraine, whose ports Moscow is now blockading.