Sri Lanka down to last day of petrol, says PM
He also said the country urgently needed $75 million in foreign exchange to pay for essential imports.
Economy
Philippines’ debt now 63.5 percent of GDP
The elevated debt-to-GDP level could put the country’s investment-grade credit ratings at risk, while putting pressure on the government’s narrower fiscal space.
FDI spikes in China from Jan-April 2022
Foreign direct investment totaled $74.47 billion during the four-month period, up 26.1 percent on a yearly basis.
Korea’s cabinet approves Yoon’s 1st bill on 59 trillion won extra budget
The budget, drawn up by a group of ministries, is mostly aimed at supporting the self-employed and microbusiness owners.
Anwar-Najib debate: Develop the economy by adding assets, not selling them off
Former prime minister Najib Razak said the government would have additional revenue if the GST he introduced was still in effect.
The soaring price of cooking oil is unforgivable for ordinary Indonesians
The writer says the palm oil industry must remember the environmental and social costs of their businesses are enormous.
Electronic invoicing is key to breaking the palm oil price mystery
More than two weeks after Indonesia's export ban, the price of cooking oil remains far above the retail price ceiling.
Indonesia’s flip-flops give Malaysia edge in top palm oil market India
Indonesia is the world's biggest palm oil producer but its erratic export policies have pushed Indian consumers to increase their dependence on Malaysia.
Bangladesh not in any Chinese debt trap: Chinese envoy
Debt trap is being widely discussed as Sri Lanka is facing a serious financial crisis. One of the factors that led to the situation in Sri Lanka is its massive debt burden.
Trang factory sees hot sales of its charcoal stoves as cooking gas prices rise
Orders for charcoal stoves have risen sharply as fuel and cooking gas prices continued to rise in Thailand.