Japanese household spending marks 1st decrease in 6 months
The decline largely reflected a continued fall in spending on food items, especially alcoholic drinks.
Economy
What we know so far about ‘out of control’ rise in the Philippines’ onion prices
As onions continued to sell at prices greater than a day’s worth of minimum wage, several possibilities have been raised as to why prices began to shoot up.
Delhi government raises auto, taxi fares
The government revised the charges on the recommendations of the Fare Fixation Committee following a rise in gas prices in the city.
Vietnam ministry calls for easing government control on fuel prices
The Ministry of Industry and Trade also called for the fuel price cycle to be shortened from 10 days to 7 days, for domestic prices to stay more in tune with international prices.
At least another year before Europe reaps significant benefits from returning Chinese tourists
Although the return of Chinese tourists is seen as an economic boon, there is a growing realisation that opening China’s borders will not significantly benefit European…
Hong Kong govt eyes 6.7% minimum wage hike
Subject to the approval of the Legislative Council, the revised minimum wage will come into force on May 1 this year, Labour Day.
Philippine agriculture dept authorizes importation of more than 21,000 metric tons of onions
Retail prices of red onions have recently increased to as high as P700 per kilo, most likely the most expensive in the world.
Pandemic cooking boom helps keep sharp edge on high-end knife sales
The export value of knives and other bladed tools like scissors hit a record high in Japan last year, thanks to the pandemic.
Indonesia finance chief warns of ‘cold war’, climate impact on economy
The minister claimed expert analysis had shown that a Cold War-like situation was returning, with a Western bloc against Russia and China.
Chinese tourist’s wanderlust unleashed after restrictions eased
The volume of international flight tickets booked for travel on Jan 8 surged 628 per cent year-on-year, hitting a level not seen since March 2020.