Urban poor Malaysians sacrifice nutrition to cope with rising food prices
According to the Statistics Department, food inflation rose by 4.1 per cent in April, with 89.1 per cent of items in the food and beverage group recording increases.
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Philippines’ supply of white onions gone since July, growers say
The Department of Agriculture is checking the inventory of white onions, as there might be instances of hoarding occuring, not unlike sugar.
Japanese govt to keep imported wheat prices unchanged
There are concerns, however, that taking such measures will force the government to expand fiscal spending at a time when it is uncertain when prices will turn lower.
S’pore will have more millionaires per population v US, China by 2030: HSBC
The bank said that in Asia, Singapore is already second to only Australia, whose share of millionaires per population stood at 8 per cent in 2021.
Philippine debt conundrum: Relying on consumption tax, making life tougher for the have-nots
An expert said that poor and middle class Filipinos now bear a disproportionately greater tax burden than before.
Inflation in Singapore expected to peak in Q4 and stabilise: DPM Wong
Mr Lawrence Wong, who is also Finance Minister, added that the extent of this easing towards the year end and where the new inflation rates will stabilise at are big uncertainties.
China unexpectedly cuts key rates to propel economic rebound
Experts said the rate cuts will reassure the market about the central bank's priority of growth stabilization among multiple policy goals.
‘Bangladesh not in crisis’: IMF support package talks likely to begin in October
The first staff mission is expected to take place after the 2022 annual meetings of the IMF and the World Bank Group.
Bangladesh to draw up plans to buy Russian oil
Bangladesh currently buys fuel from Middle Eastern countries including Saudi Arabia and the UAE, and from companies in those countries.
Pandemic pushes 2.3 million Filipinos into poverty
Despite recent employment gains due to the reopening of more economic sectors, the Philippines’ latest jobless rate in June was still the second-worst in emerging Asia.