4.1 billion parcels handled over China’s National Day holiday
Between Oct 1 and Oct 7, some 2.14 billion parcels were sent, a year-on-year increase of 7.23 per cent for the same period.
ECONOMIC AFFAIRS
Daily cap on entry to Japan, ban on individual tourists to be scrapped
Measures to stimulate domestic tourism demand, such as the national travel assistance program, will also be initiated.
New cash aid plan targets 2 million Cambodians
The government on Oct 5 confirmed that it would provide cash payments to the poor and vulnerable affected by Covid-19 for a further three months.
Yen’s pain is far from over and poised for worst year since 1970
Core consumer inflation in Tokyo was its highest since 2014 in September and is a leading indicator of nationwide price rises.
ADB announces $2.3-2.5 billion to support flood relief efforts in Pakistan
ADB Country Director Yong Ye stated that Pakistan’s economy faced huge challenges, but assured that the government had arrested the decline and set it on the right trajectory.
Bangladesh wheat flour price soars to record high
Retail prices of wheat flour hit Tk 50.10 per kilogramme in Dhaka in Sept 2022, the highest since July 2008.
Indonesia includes sugary drink tax in 2023 budget
The Finance Ministry has been entertaining the idea of taxing sugary drinks since 2009, but progress was slow due to resistance from businesses.
Consumer prices in Japan’s capital rise at fastest pace since 2014
Data showed that prices rose for a wide range of goods and services, indicating that more firms were passing on rising costs to households.
Seoul readies 10 trillion won ‘stabilization’ fund to contain market volatility
If enacted, IT would mark the first major step by the Financial Services Commission as it faces growing calls that it step up efforts on investor protection.
Inflation bites harder as Indonesia braces for ballooning transportation costs
The central bank expects core inflation to increase at a rapid pace, which has prompted the central bank to hike its rates over the last two months.