Indonesia considering buying Russian oil as fuel prices soar
Jokowi hiked subsidised fuel prices by 30 per cent earlier this month and said that the price hike was his "last option" due to fiscal pressures.
ECONOMIC AFFAIRS
Inflation and supply disruptions top risks for Emerging Asia: Moody’s
Although commodity prices have retreated from record levels, Moody’s expects supply additions to be limited, while demand will remain strong during winter.
S’pore’s GST hike will go ahead, but support measures will offset impact even amid inflation: DPM Wong
He also stressed that the majority of households will not feel the impact of the tax hike for at least five years.
India’s retail inflation rises to 7 per cent in August on high food prices
Retail inflation has now been above the Reserve Bank of India’s tolerance band for the eighth consecutive month.
Covid-19 policy puts brakes on China’s economy
Economists say that the ongoing struggles of the tourism and travel-related industries, which account for a tenth of gross domestic product, will weigh on economic recovery.
EU lending arm plans expansion in Cambodia
The European Investment Bank has invested close to $245 million so far, and plans to expand its presence with an emphasis on green projects.
Plenty of room seen for monetary easing to boost China’s growth
Experts have proposed that the ultimate impetus for growth in China will come from tapping structural growth drivers.
China’s sluggish economy brings jobless problem for recent graduates
In July, the unemployment rate in China was 5.4 per cent, but for ages 16-24 it was 19.9 per cent, which has been a record high for four consecutive months.
Short-distance trips to boost holiday tourism
Travel agencies estimate these holidays will provide the strongest boost for the industry's recovery after the market showed a lacklustre performance in the first half of this…
Japan’s budget requests exceed ¥110 trillion, hitting 2nd-highest
The total is likely to swell further during the budget compilation process toward the year-end as agencies have requested spending on items without specifying how much they need.