Hong Kong may report second-highest deficit ever: Finance chief
The government’s financial reserves may also fall further to about HK$800 billion, the finance chief warned.
Economy
‘Hong Kong should offer more incentives to attract, retain talents’: PricewaterhouseCoopers
The accounting and consulting firm PwC noted that the rising tide of uncertainties in the global economy, coupled with internal constraints, have sapped its economic growth.
Japan’s consumer spending hit hard by emergency
According to reports, consumer spending was weak during the first quarter of the year due to the impact state of emergency declared in January.
In US visit, Marcos cites role of overseas Filipino workers in recovery
Marcos said that dollar remittances from overseas Filipino workers (OFWs) hit an all-time high of $34.88 billion in 2021.
Inflation fears loom large as kimchi-making season nears
Even though more people now prefer to purchase kimchi rather than make it themselves, kimchi remains a staple food for Koreans.
New directive underlines key missions for Vietnam’s economic growth
The average consumer price index (CPI) in the past eight months increased by 2.58 per cent.
Indonesia rallies regions for ‘war’ on inflation
Experts have warned that the government's decision to increase the prices of subsidized fuels and some unsubsidized fuels would add to inflationary pressure in the coming months.
Extra funding plea for Malaysia’s healthcare system
The Health Ministry is seeking for public health expenditure increased gradually to 5 per cent of Gross Domestic Product, from the current 2.58 per cent.
RM2 million allocation for hardcore poor Indian students approved
PM Ismail Sabri also announced that the Malaysian Indian Community Transformation Unit fund was to be placed under the Prime Minister’s Department.
Sri Lanka to present debt restructuring, IMF bailout plans to creditors
The country’s borrowings are so complex that estimates of the total range from $85 billion to well over $100 billion.