Philippine inflation rose further to 8.1% in December
Inflation in December was the highest since November 2008, and was more than twice as high as the 3.1 percent recorded in December 2021.
ECONOMIC AFFAIRS
Chicken meat may cross beef price as feed crisis sees no end
There has been a sharp spike in the prices of poultry products since Oct 2022 after authorities stopped the release of GMO soybean shipments arriving mainly from the US and Brazil.
Job creation omnibus law may shrink labour market: Businesses
Indonesian Employers Association chairperson stated that a move like this would risk increased unemployment rate for the inexperienced workers.
Fiscal spending, fine-tuning of policy set to ensure recovery in China
Economists said such an approach would provide a significant lift to growth this year, with the country's deficit-to-GDP ratio expected to increase.
Development projects suffer from funds crunch as government revenue takes hit
With the government facing a resource crunch, contractors complained of not being paid on time even for completed works.
60％ of top Japanese executives expect economy to improve over next six months
This number represented a decline of 10 executives from a year earlier, when more than 90 per cent of respondents said it would make a recovery.
India deeply concerned over Ukraine conflict: Jaishankar
”We are increasingly anxious about the knock-on effects on the accessibility and affordability of fuel, food and fertilisers", the External Affairs Minister said.
Nepal risks being ‘greylisted’ for abetting money laundering
While countries on the greylist are not subject to sanctions, it is a signal to the international banking system that there could be enhanced transactional risks from doing…
Pakistan’s headline inflation rises to 24.5% in December
Last week, the finance ministry’s forecast said inflation would stay high — between 21-23 per cent during the current fiscal year.
Sri Lanka freezes govt recruitment in fresh austerity drive
The Indian Ocean island nation needs to achieve debt sustainability as a precondition to a $2.9 billion bailout from the Washington-based lender after it defaulted in April.