Indonesia has so far been spared the much-faster increase in consumer prices experienced in many developed economies.
On Nov 1, major dairy firms will implement price hikes for milk and dairy products due to higher raw milk prices amid surging feed costs.
Labour-intensive industries such as the manufacturing, tourism, construction and retail sectors, were also affected by the labour shortage issue.
Inflation, lack of children’s support and pension: reasons why more Korean retirees work: Bank of Korea
According to an analysis on factors of rising employment rate among seniors, the tally for employed people aged 60 or over increased by 2.66 million during the period of…
Despite being battered by rising borrowing costs intended to corral inflation, companies are expected to seek out more bank loans.
Almost all sub-sectors attained recovery in the first three quarters, logging rapid increases or narrowing declines in revenue.
"The government has decided that the prices of petroleum products at this moment, from October 16, will be maintained for the next 15 days”, he said.
The Washington-based lender called for a time bound plan on the pricing mechanism and pushed for its implementation by the next fiscal year.
The most prominent threat is the balance of payment crisis, with the country facing the risk of sovereign default on external debt repayments.
Russia's backtrack from a UN-brokered deal to export Black Sea grains is likely to hit shipments to import-dependent countries.