‘Impossible situation’ for Sri Lankans struggling for petrol
Left with just enough fuel for about a week, the government restricted supplies to essential services, such as trains, buses and the health sector, for two weeks.
ECONOMIC AFFAIRS
Inflation pressures weigh heavily on Asia
However, on average, Consumer Price Index inflation pressures in Asia are still moderate compared with those in the United States and European Union member nations.
Talks on minimum wage hike likely to have rough going in Japan
The government, for its part, is targeting a quick bump up to ¥1,000 or more, but the management side has strong concerns and will likely make for rough going in the negotiations.
Delhi government extends its free ration scheme till Sept 30
The government has been supplying rations for free to almost 7.3 million citizens since April 2020.
Prices of chicken and eggs go up in Malaysia
The ceiling price for standard chicken was previously set at RM8.90 per kg in the peninsula, and was slated to be removed on July 1.
Cash-starved Sri Lanka to end fuel duopoly to ease shortages
Sri Lanka is suffering its worst economic crisis since its independence, with foreign exchange reserves at a record low of $1.92 billion, according to the central bank.
Chinese premier Li Keqiang urges efforts to safeguard people’s livelihoods
The premier called for efforts to catalyse entrepreneurship and innovation and provide equal support for market entities of all types.
P200 billion domestic debt eyed at start of Bongbong Marcos administration
The Bureau of the Treasury will target local creditors wary of the prevailing high-interest rate environment.
The Bridge on the River Padma
The construction of the Padma Multipurpose Bridge, one of the most challenging construction projects ever undertaken, is a feat.
Thailand issues new relaxed entry rules for airlines and passengers
Tourism and Sports Minister Phiphat Ratchakitprakarn expects arrivals to rise from the current level of 20,000-25,000 per day to 25,000-30,000 per day.