World Bank revises China’s economic forecast
This downward revision came as the largest Covid-19 wave in two years and the resulting mobility restrictions have disrupted China's growth normalization after a strong start in…
ECONOMIC AFFAIRS
Ukraine war will disrupt gas market long term, Russia’s nuclear energy may be hit
US energy specialist Ernest Moniz posits that if Russia loses significant market share, “other players such as China, Japan, Europe and the US will have to step in”.
Hong Kong home prices expected to remain stable
According to an industry expert, despite price hikes in the US, the city’s prices have only shown short-term fluctuation.
China’s consumers keep their wallets in lockdown as Covid-19 curbs ease
China is moving to spur spending that was depressed by Covid-19 curbs in some of its biggest cities, but piecemeal measures such as vouchers, subsidies for car buyers and digital…
At pre-budget huddle, PM Shehbaz stresses need for charter of economy
PM Shehbaz also said his government had around 15 months to undertake short and medium-term measures for the economy.
Expensive food, fuel push Philippines inflation to 42-month high of 5.4 percent
The year-on-year rate of increase in prices of basic commodities last month was the highest since the 6.1 percent posted in November 2018, when the country grappled with high rice…
Economists weigh in on ‘one of the toughest budgets in Pakistan’s history’
While citizens are already reeling from the effects of skyrocketing inflation and supercharged petrol prices, the government faces the uphill task of presenting a balanced budget,…
South Korea’s bottom 20% households of spend 42% of disposable income on food
This contrasts to households in the top 20 percent income bracket, whose spending on the same food expenses stayed at an average of 13.2 percent of their disposable income.
China’s social security fund records steady expansion in 2021
The revenue of the fund topped 6.82 trillion yuan ($1.02 trillion) last year, soaring 34.6 percent from 2020, according to a statistical bulletin.
Bangladesh parliament passes bill to develop tourism industry
The objective of the amendment is to expand the corporation's scope to develop the tourism industry.