Many Japanese suppliers face price cut requests from clients: Survey
If such companies remain unable to pass the higher costs on to their clients, they would not be able to raise salaries for their workers.
Economy
Biden nominates ex-Mastercard CEO Ajay Banga to lead World Bank
Last week, current World Bank President Malpass said he would step down nearly a year early, ending a tenure that was clouded by questions over his climate stance.
South Korean president Yoon sets export target of $685 billion this year
He vowed to support the expansion of exports in 12 sectors, including nuclear power, agriculture, fishery products, content and biotech.
More EPF withdrawals will worsen lack of savings: Anwar
The Malaysian PM also said insufficient EPF savings require attention as the country moves towards an ageing nation status.
Making our public food distribution system work
With the soaring inflation rate in recent times, the importance of effective public food distribution cannot be emphasised enough.
Philippines’ RCEP entry to boost trade ties with China
On February 21, the Philippines became the last signatory member to ratify the trade pact, involving 15 economies in the Asia-Pacific region.
No eggs-aggeration, Dr Wee says govt will be under fire if shortage persists over Ramadan and Raya
The Malaysian Chinese Association president also noted that chicken and egg prices are only expected to be floated after June 30.
Pending price hikes in soju, beer deepen inflation woes in Korea
Despite increased expenses, local firms are reluctant to raise soju prices just yet, as backlash is expected to follow a second consecutive year of price hikes.
Federal cabinet to forgo salaries, perks as PM Shehbaz announces slew of austerity measures
The premier further said that federal ministers would also travel in economy when undertaking domestic travel or going abroad.
Pakistan expected to receive $700 million loan from Chinese bank this week
Finance Minister Ishaq Dar had said earlier this year that the country’s foreign reserves situation would be “much better than you can think” by end-June.