Cambodia asks partners to use UN finance framework
Senior Minister Ly Thuch said development partners could help LDCs engage in innovative, green and climate change-mitigating financing mechanisms through the framework.
ECONOMIC AFFAIRS
G7 ministers may pledge to phase out coal at upcoming meeting
Coal is the highest CO2-emitting fossil fuel, and scientists say global use of it needs to plummet if the world is to cut emissions fast enough to avoid the worst impacts of…
China increases efforts to help small and midsize rural commercial banks
It is estimated that some of the deferred repayments of principal and interest on loans to these enterprises during the Covid-19 pandemic will turn into bad loans.
Saudi Arabia says finalising extension of $3 billion deposit to Pakistan
Pakistan is in dire need of external finances, hurt by high inflation, reserves declining to as low as less than two months of imports and a fast-weakening currency.
Hawkers in Malaysia feeling the heat of chicken shortage ahead of export ban
While the government has stipulated a price cap of RM8.90/kg on chicken, traders have hiked their prices recently despite the risk of being fined if caught.
Competition Commission investigation will cover all in the poultry industry: Minister
The Malaysia Competition Commission will conduct investigations of allegedly engaged in anti-competitive agreements and/or abuse of dominant position to influence market prices.
Marcos Jr. admin’s first full-year budget: A record P5.268 trillion in 2023
The Budget Officer-in-Charge Secretary also approved a bigger 2023 budget, stating it was considering that economic activity will continue to pick up over the coming years.
Malaysia places temporary export ban on chickens
Beginning June 1, the export of chickens – now numbering 3.6 million a month – will be stopped until the price and supply stabilise.
Pakistan finance minister rules out removal of fuel, energy subsidies ahead of IMF talks
The IMF has made the resumption of its programme with Pakistan, along with a $2 billion expansion, conditional on the reversal of these subsidies.
Malaysia’s cabinet to discuss high cost of living, chicken supply
The Malaysian PM also said the government would also look at abolishing other Approved Permits to address the issues of food supply and prices.