Fitch revises India’s rating outlook to stable from negative
The rating agency also expects inflation to remain elevated in the following fiscal year at 6.9 percent due to a sharp rise in global commodity prices and underlying demand…
ECONOMIC AFFAIRS
High-end used goods woo China’s younger generation
According to a report last year by the Institute of Energy, Environment and Economy at Tsinghua University and consulting company Frost & Sullivan, the scale of China's secondhand…
Filipinos to feel brunt of food crisis toward end-2022
According to a live tracker developed by international agricultural research center International Food Policy Research Institute, some 20 countries have imposed export…
We still suffer despite end of export ban: Palm oil farmers
Indonesian Palm Oil Association secretary-general Eddy Martono said producers were struggling to revive exports even though the government had approved permits for the shipment of…
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…
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…