Philippine fuel prices expected to drop for second week in a row
An expert attributed the projected rollback in local pump prices to the lockdowns in China and interest rate hikes globally.
ECONOMIC AFFAIRS
Weak won set to persist with US intent on more rate hikes
The breach of the 1,300 won psychological threshold is the latest indication that policymakers in Seoul have fewer tools to prevent economic shocks originating elsewhere.
Malaysia not on verge of bankruptcy: Finance Minister
The statement was issued after some claimed on social media that Malaysia is set to follow the footsteps of Sri Lanka, which was recently declared as bankrupt.
IMF says staff-level agreement reached with Pakistan for release of $1.17 billion loan tranche
Pakistan entered the IMF programme in 2019, but only half the funds have been disbursed to date as Islamabad has struggled to keep targets on track.
In address to nation, PM Shehbaz announces reduction in fuel prices
PM Shehbaz also indicated that the benefit of any further decline in global oil price will also be passed to the public.
China sees growth in summer grain harvest
China's total grain output reached 147.39 million tonnes in this year's summer harvest, up 1.434 million tonnes from last year.
Inflation to remain ‘manageable’: National Bank of Cambodia
The central bank said that the exchange rate between the local currency and US dollar “remains stable, which helps to boost purchasing power and reduce impact from increasing…
Global economic outlook has ‘darkened significantly’: IMF
The warning comes just months after the IMF already cut its global growth forecast for 2022 and 2023.
Nepal’s tea sector suffering from shortage of chemical fertiliser
Tea producers have blamed the government for neglecting the sector despite having potential and demand in both domestic and international markets.
China unveils measures to bolster employment, spending
While creating more jobs in market-oriented ways, the country needs to boost employment by supporting business start-ups with fiscal and fee-cutting assistance.