Global logistics under pressure from Russia’s invasion
It was expected that the Trans-Siberian Railway would serve as an alternative to sea freight, but there are no prospects for resuming the use of the railway for logistics.
ECONOMIC AFFAIRS
Bangladesh commission recommends electricity price hike by 58%
Business leaders and consumer rights associations said such a major hike would not only affect the prices of daily essentials but also hurt export and industrial production.
Bangladesh PM urges people to practise austerity
She also said austerity should be practised normally without being afraid of it.
Dollar exchange rate shoots past Tk 100 for the first time in Bangladesh
The central bank has so far injected a record $5.31 billion in the current fiscal year to lessen the US dollar shortage faced by banks.
Tough road ahead for President Yoon Suk-yeol’s 59.4 trillion won budget plan
The ruling and main opposition parties have clashed over how much of the budget should be used to assist pandemic-hit small-business owners as promised.
Nepal government hikes public transport and cargo fares, again
The state-owned oil monopoly has jacked up the price of petrol 13 times in a year. Petrol now costs Rs170 per liter, a 38.21 percent jump from last year.
Car loan interest rates in S’pore rise to average of 2.28% after US Fed’s biggest rate hike in 22 years
In the past two years, car loan interest rates have generally not breached the 2 per cent mark.
Provincial board lifts ban on open pit mining in South Cotabato
The lifting of the ban would potentially unlock the resources of Southeast Asia’s largest untapped copper-gold minefield.
Food sellers and bakeries struggling to keep prices low amid growing costs
Prices of raw materials such as cooking oil have spiked, and other costs, such as manpower or utility bills, have also risen significantly.
Be patient, I will gradually turn the ailing economy around: Sri Lanka PM
“I am going to change many of the policies of the Rajapakasa government,” he said.