South Korea’s Finance Minister confident inflation will soon cool off
Slowing inflation has brought relief to consumers, yet concerns remain amid price hikes in public utility charges.
Economy
Why soju price hikes are causing Koreans so much anguish
The public in South Korea has been sensitive to price increases in soju, not just because it is the most widely consumed alcoholic beverage, but also because it has been branded…
Singapore’s Budget debate ends with call for MPs to avoid polarisation, populism
This exchange occurred right before Parliament passed the Government’s $123.7 billion spending plans for the coming financial year.
Coffee industry needs sustainable development to target $6 billion in exports
The export volume of the 2022-2023 crop is also forecast to decrease sharply compared to the previous crop due to little inventory from 2021-2022.
Wealthy residents mean tax bonanza for Japan island town
Residential tax revenue went from the town’s initial estimate of ¥484 million to ¥3.226 billion in the general account for fiscal year 2022.
Chinese need to spend to spur economic growth, but fears give them pause
And there is plenty to spend. After three years stuck at home, the Chinese have amassed a huge pool of savings, the article states.
Pakistan inflation so high that ‘living seems unaffordable’
Social chaos now seems to be a clear possibility, even probability, if different segments of society, Dawn spoke to, are to be believed.
Bangladesh poultry farmers urge govt to fix egg, chicken prices
Prior to the pandemic, the country had 158,000 poultry farms but now only 95,523 remain as the rest had either closed or suspended production, said an industry insider.
Future of payments: physical to digital currency
The future of payments will likely be characterised by increased convenience, security, and digitalisation.
Taxing Malaysia’s rich
The paper says the government should look into options such as increasing income tax rates for the rich, as a more pragmatic approach to tackle income inequality.