Bangladesh government to import 900 thousand tonnes of rice to sell at subsidised prices
The government will also buy wheat, edible oil and lentils for resale at reduced prices.
Economy
Delhi power consumers to get subsidy on bills on opt-in basis from Oct 1
Delhi Chief Minister Arvind Kejriwal said 470 thousand consumers will get subsidies from the program, of which 300 thousand consumers will not need to pay their bills.
India’s wholesale inflation eases further in August but still in double-digits
However, India’s retail inflation rose to 7 per cent in August from 6.71 per cent the previous month due to a sharp rise in food prices.
Japan’s supermarkets, food manufacturers battle to keep private brands cheap
In contrast to other brands, the price has remained unchanged for many private-brand products put out by major supermarkets, making them highly popular.
Plans launched to ease Malaysia’s financial burden
The changes in Malaysia's insolvency laws comes as the government attempts to modernise the nation’s ‘colonial era’ laws and prevent people from being stuck in debt.
Korean won sinks to worst level since 2008 financial crisis
Several warnings local authorities issued had done little to calm jumpy Korean markets, unsettled by the won’s rapid depreciation.
North Sumatra Police arrest four for fuel stockpiling
A police spokesperson said the group would buy subsidized fuel from outside of Asahan regency and then resell it to Asahan fishermen at a higher price.
Marcos OKs importation of 150,000 metric tons of sugar
The Philippine Sugar Regulatory Administration said that it would start accepting applications for the importation of sugar three days after the effectiveness of the order.
China’s long-term care needs may rise to 6.6 trillion yuan by 2040
Experts suggest that the development of commercial care insurance should be promoted as China's population is ageing fast with growing needs for care and nursing.
Asian shares extend global selloff amid bets on more aggressive Fed
Wall Street saw its steepest fall in two years, with the safe-haven dollar posting its biggest jump since early 2020.