2 million non-poor households hit by inflation, rate selves poor now
According to the Philippine Statistics Authority, the spike was mainly due to the higher annual increase in the price index of food and non-alcoholic beverages at 8.4 per cent.
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Thai cabinet extends diesel excise cut for four more months to control cost of living
Combined with revenue loss in the latest round, the government would lose about 140 billion to 150 billion baht in diesel excise revenue.
Marcos admin expects Philippines to grow by 6.5% in 2023
Finance Secretary Benjamin Diokno also estimated that GDP growth in 2022 likely exceeded the government’s growth target of 6.5 to 7.5 percent.
Davos 2023: China’s growth will return to normal trend this year, says Vice-Premier Liu He
The focus will be on expanding domestic demand, supporting the private sector, promoting fair competition and deepening reforms of its state-owned enterprises.
Job growth in South Asia may halve this year: ILO
"Inequality both between and within countries is growing and the recovery from the pandemic has been deeply uneven", said the report.
Singapore inflation expectations ease from 11-year high on slowing growth, interest rates hikes
The decrease in inflation expectation coincides with global food commodity and energy prices coming off the peaks reached last year.
What China has done right to maintain mild inflation growth
China has also been largely protected from the impact of the global energy crisis, due to its measures to ensure adequate supplies.
Work hard now, economy downturn temporary: Experts
Until the economy improves, Malaysians will need to seek supplementary sources of income and improve their skills to cope with the rising cost of living.
S’pore govt working on ensuring basic retirement needs met, boosting skills: DPM Wong
He also said that the authorities will also continue to look after more vulnerable segments, such as platform workers, people with disabilities and caregivers.
Pakistan’s deepening forex crisis
On Jan 6, forex reserves held by the State Bank of Pakistan plunged to $4.3 billion, enough to cover just three weeks of imports.