Indonesia hikes fuel prices to rein in ballooning subsidies
President Joko "Jokowi" Widodo said the decision to adjust fuel prices was a difficult one and was his "last option".
ECONOMIC AFFAIRS
Indonesia’s farmers yet to benefit from crude palm oil levy waiver
Previously, the government had announced a slashing of export levies for all palm oil derivative products until Aug 31 to boost exports and ease high domestic inventories.
Sri Lanka crisis would deepen if creditors disagree, IMF says amid China concerns
All creditors, including China, have to agree to restructure their existing loans to the island nation before the IMF starts disbursing a US$2.9 billion loan.
With the heavy rain comes issues for Malaysia’s farmers
According to farmers, the continuous and heavy rains, as well as the steep increase in production costs, have significantly impacted the yields of fruits and vegetables.
India’s external debt of $620 billion sustainable: Finance Ministry report
Experts had said that the external debt of $620.7 billion need not be a concern as $490 billion is non-government and the share of government is only $130.8 billion.
IMF agrees to $2.9 billion bailout for Sri Lanka
Months of acute food, fuel and medicine shortages, extended blackouts and runaway inflation have plagued the country after it ran out of dollars to finance even the most essential…
Fears of imminent subsidised fuel shortage lead to call for purchase restrictions
The subsidized gasoline quota is estimated to run out some time in early October.
Only 17% of Nepalis covered by social protection benefit: ILO
Besides a limited number of people having access to social protection schemes, the International Labour Organisation report says the available benefits are often too low to…
Digital Agency struggles to reform Japanese bureaucracy 1 year after launch
The agency's role as a control tower for the digitisation of government work has stalled due to resistance from officials.
Task forces to speed up stimulus package
China called on major economic provinces to take the lead in supporting the country's growth amid downward pressures, after key indicators slowed in July.