South Korea far outstrips G-20 average in growth of collective debt
The nation’s collective debt-to-GDP ratio was also found to have continued to rise amid the pandemic.
ECONOMIC AFFAIRS
Australian central bank lifts interest rate for first time in over decade
Figures released by the Australian Bureau of Statistics last week showed inflation had reached a two-decade high of 5.1% in the last 12 months.
South Korea’s consumer price growth hits 13-year high in April
The surge came despite a Bank of Korea benchmark interest rate hike by 25 basis points to 1.5 percent per annum on April 14.
Pakistan, Saudi Arabia to discuss ‘augmenting’ kingdom’s $3 billion deposit
With a yawning current account deficit and foreign reserves falling to as low as $10.8 billion, Pakistan is in need of external finances.
China has confidence, capabilities to achieve 2022 economic goals: Official
The country's top economic planner also said that the impact of Covid-19 is temporary.
Edible oil: Supply crunch worsens crisis in Bangladesh
About 53 percent of the cooking oil used in Bangladesh is palm oil and 80 percent of it comes from Indonesia.
PM Shehbaz rejects summary to increase petrol prices: Minister
The move comes days after the IMF said the Pakistani government had "agreed that prompt action is needed to reverse unfunded subsidies".
Indonesia’s palm oil export ban could cost state $1.4 billion a month
The ban on RBD palm olein exports becomes effective on Thursday (April 28) and will remain in place until the price of cooking oil drops.
Prayut admits Thai govt has run out of money
The Thai prime minister also asked for truck operators for their understanding for the increase in prices.
Philippine govt to borrow P200 billion more weeks before Duterte is gone
The Philippines has been sourcing bulk of its financing requirements locally to take advantage of flushing liquidity in the financial market.