Cardinal appeals to Pope to solicit aid for Sri Lanka
The Cardinal also appealed to the international community to assist in providing Sri Lanka with medicines and equipment for hospitals amid its economic crisis.
Economy
Driven by food prices, Indonesia’s domestic inflation soars more than expected
Economists from Bank Mandiri stated that inflation would continue to rise significantly early in the second half of the year, particularly food prices.
13-year high core inflation: How Singapore is coping with rising prices
From a tighter monetary policy to longer-term electricity contracts, measures have been put in place to blunt the impact of rising prices on households and businesses.
Food security shocks minimal: World Bank
Senior economist Ly Sodeth said Cambodia is well-positioned to weather fallout from the trifecta of the protracted Ukraine conflict, inflation, and global food shortages.
Crisis-hit Sri Lanka grinds to a halt
According to the energy minister, the nation has less than a day's worth of fuel left, with public transport grinding to a halt as the country's economic crisis deepened.
June inflation likely zoomed past 6%: Economists
The last time that headline inflation hit the 6-percent mark was the 6.1-percent rate in November 2018, at the height of the rice crisis, which led to import liberalization.
S’pore electricity tariffs to rise by about 8% for Q3 amid global oil, gas crunch
While demand was expected to ease as the winter demand cooled off, market fundamentals have been severely exacerbated by the rippling effects of Russia’s invasion of Ukraine on…
Indonesia approved as Singapore’s new source of frozen, chilled chicken
Singapore's existing sources include Brazil, Thailand and Australia.
China sneezes, emerging markets catch a cold
China’s growing influence on emerging markets should come as no surprise given its hefty financing and investment activities in the latter under the BRI.
Licenses of palm oil millers will be revoked if they refuse to resume operations: Minister
Some palm oil millers had apparently suspended production following a dramatic plunge in the price of the edible oil.