IMF to support Pakistan’s flood relief, reconstruction efforts ‘under current programme’
Floods from record monsoon rains and glacial melt in the mountainous north have affected 33 million people and killed more than 1,540 since June 14.
ECONOMIC AFFAIRS
Sri Lanka to present debt restructuring, IMF bailout plans to creditors
The country’s borrowings are so complex that estimates of the total range from $85 billion to well over $100 billion.
Vietnamese ministry proposes tariff cuts to bring down petrol prices
The ministry of finance also said it will consider lowering the current tax on ethanol from 15 per cent to 10 per cent for some ethanol products.
Vietnamese rice exporters expect higher prices as India slaps curbs to reduce global supply
With India’s recent rice export restrictions, Vietnamese exporters expect to increase shipments and hike prices, industry insiders said.
Bangladesh government to import 900 thousand tonnes of rice to sell at subsidised prices
The government will also buy wheat, edible oil and lentils for resale at reduced prices.
Delhi power consumers to get subsidy on bills on opt-in basis from Oct 1
Delhi Chief Minister Arvind Kejriwal said 470 thousand consumers will get subsidies from the program, of which 300 thousand consumers will not need to pay their bills.
India’s wholesale inflation eases further in August but still in double-digits
However, India’s retail inflation rose to 7 per cent in August from 6.71 per cent the previous month due to a sharp rise in food prices.
Japan’s supermarkets, food manufacturers battle to keep private brands cheap
In contrast to other brands, the price has remained unchanged for many private-brand products put out by major supermarkets, making them highly popular.
Plans launched to ease Malaysia’s financial burden
The changes in Malaysia's insolvency laws comes as the government attempts to modernise the nation’s ‘colonial era’ laws and prevent people from being stuck in debt.
Korean won sinks to worst level since 2008 financial crisis
Several warnings local authorities issued had done little to calm jumpy Korean markets, unsettled by the won’s rapid depreciation.