China sneezes, emerging markets catch a cold
China’s growing influence on emerging markets should come as no surprise given its hefty financing and investment activities in the latter under the BRI.
Economy
Licenses of palm oil millers will be revoked if they refuse to resume operations: Minister
Some palm oil millers had apparently suspended production following a dramatic plunge in the price of the edible oil.
Jokowi talks about food, fertilizer supply with Putin
President Putin later said that Russia is ready to fulfil Indonesia's demand for fertilisers, telling reporters after meeting with President Jokowi in Moscow.
FATF urges tighter controls on crypto transactions
Under a recommended rule, regulators are supposed to ensure that cryptocurrency firms verify the identities of people involved in transactions — similar to the rules that govern…
Indonesia may not meet EU demand for coal
Previously, Germany was said to have asked for around 150 million tons of coal from Indonesia, but the ministry said there was no formal agreement to that request.
Vietnam’s GDP hits 10-year high of 7.72% in Quarter 2
The figures for the same quarters in the last three years of 2019, 2020 and 2021 were 7.1 per cent, 0.52 per cent and 6.73 per cent, respectively.
Whaling industry struggling after 3 years of commercial whaling
Whale hunting has been restricted to protect resources, and the consumption of whale meat in fiscal 2020 was 2,000 tons, less than 1% of that consumed in the peak year of fiscal…
In yet another hike, Pakistan jacks up petrol price by nearly Rs15
Minister of State for Petroleum Musadiq Malik said the government had to take tough decisions to steer the country out of the crisis.
Pakistan PM’s challenge will now be to steer economy out of crisis while keeping govt together
With the prime minister intent on navigating the economy out of the ongoing crisis, the challenge will be to keep one hand on the wheel while he tries to keep his government…
Inflation, growth challenges to weigh on Marcos admin
A global risk intelligence firm warned that in emerging markets like the Philippines, the cost-of-living crisis will drive a spike in civil unrest, with knock-on impacts for…