Hong Kong’s May inflation up 1.2%
Netting out the effects of the government’s one-off relief measures, the year-on-year rate of increase in May was 1.7 per cent, while price drops were seen for gas and water.
economy
It’s too late to tame inflation with rate hikes
The writer says collateral damage to the global economy may be too severe for tightening to be sustained.
For Pakistan, the only way out of the current economic crisis is through the IMF
The paper says if the government’s finance team finds itself in a tight spot now or farther from an IMF deal on the sustainability of its budget, it has only itself to blame.
‘Some decisions may seem bitter’, says PM Modi amid Agnipath protests
PM Modi also maintained that the double engine government of the BJP was constantly working towards ease of living as well as ease of doing business.
Pakistan finance minister hopeful of IMF agreement within ‘1 or 2 days’
So far, Pakistan and the IMF have not yet been able to reach close to a staff-level agreement for revival of the loan programme.
Philippine peso hits 54.065 per 1 US dollar, weakest since Oct 2018
The local currency’s continued depreciation further confirms international banks and economic consultancies’ predictions, citing a widening trade deficit.
Europe may shift back to coal as Russia turns down gas flows
Germany, Italy, Austria and the Netherlands have all signalled that coal-fired power plants could help see the continent through a crisis that has sent gas prices surging.
China unveils Global Development Initiative amid power tussle with US
The Global Development Initiative is an initiative to support the development of developing countries, promote global economic recovery in the post-pandemic era and strengthen…
Cryptocurrency rout nowhere near the end, say analysts
The vast majority of operators, brokers, lenders and investors in cryptocurrencies are unregulated, with no key prudential tools against uncontrolled capital flights from crypto…
Cambodia’s e-payment transactions up by over a third in 2021
The large proportion of people with access to mobile devices and internet, coupled with supportive regulatory frameworks, have encouraged financial institutions to introduce…