Japan’s finance ministry conducts currency intervention, first in 24 years
It is believed to be yen-buying intervention to stem the rapid weakening of the yen against the dollar.
economy
IMF, ADB peg Cambodia’s 2022 GDP growth at 5%
“Inflation is expected to peak this year, be lower in 2023, and decline further thereafter, assuming it remains mostly confined to imported goods”, IMF’s mission chief said.
Bangladesh cuts edible oil and sugar prices
The new prices will come into effect from Sept 25, and comes at a time when consumers are being battered by the higher cost of essential commodities.
44 cases filed over market manipulation of essential good prices
Over the past several months, the Bangladesh market has seen unusual rises in prices of essentials such as rice, oil, flour, and eggs.
World Bank to provide $22.2 million in aid to Pakistan’s flood-hit farmers
The government has also planned to provide subsidised wheat and edible oil seeds, and one fertilizer bag per acre to each farmer in the affected areas.
Cheap mealboxes a taste of Hong Kong’s economic woes
Shops selling inexpensive two-dish mealboxes have mushroomed across city, cropping up in working-class and white-collar areas alike as people tighten their belts.
Global solidarity needed to face challenges: Bangladesh PM
She also said the ripple effects of the Ukraine war and other overlapping crises have left deep scars in societies and economies, especially in developing countries.
China’s oil reserves reach 3.69 billion tonnes
Last year, the investment in geological exploration of non-oil-gas minerals achieved positive growth for the first time since 2013.
Ripple effects of war in Ukraine left deep scars on economies: Bangladesh PM
The ripple effects of the war in Ukraine and other crises have left deep scars on societies and economies, especially in developing countries, said the premier.
Indonesia warns of global food insecurity
Indonesia has raised the alarm on a potential fertilizer shortage that could jeopardize the food security of billions of people worldwide.