Peso now region’s worst performer
That the Philippine peso depreciation is at its fastest pace against the US dollar in about five years is adding further upside pressures on imported inflation, shared DBS Bank.
Economy
Wheat shortages bode well for Vietnamese rice
Vietnamese rice has been increasing steadily in price in recent months, surpassing Thai and other rice varieties.
Staring at a grim Eid with cost of living rising
With the Inflation rate surging to an eight-year high, middle-to-low income families are spending less this Eid.
Indian rupee at Rs 79.36 against USD, gold touches Rs 54K
The Indian rupee is likely to be under pressure, given the uncertainty in the global macro environment, a research report said.
Import food to cap inflation – Marcos economic team
Finance Secretary Diokno said Marcos had indicated willingness to continue importing some food items like corn, pork, and rice, as well as coal at lower tariffs.
Chicken shortage hits Philippine fast-food chains
The shortage underscored the deepening supply chain problems that have emerged in the postpandemic period.
Thailand’s hotel occupancy tax waived for next 2 years to aid tourism recovery
Prime Minister Prayut Chan-o-cha said the tax waiver would reduce hotel operators' expenses by about 47.35 million baht.
Sri Lanka admits bankruptcy, crisis to drag through 2023
The island nation has endured months of galloping inflation and lengthy power cuts after the government ran out of foreign currency to import vital goods.
China exports eyed as red corn markets thrive
Typically processed as animal feed, red corn is harvested twice a year: once between late June and August, and again from late October to February of the following year.
Load shedding at specific times likely for Bangladesh
Bangladesh Prime Minister Sheikh Hasina also reiterated her call to maintain austerity and increase savings which will be beneficial to face any type of crisis in the future.