PM Srettha rejects electricity tariff hike proposal
The Energy Regulatory Commission is expected to meet again in January to discuss the government’s decision., though it is unclear whether the commission will agree to suspend…
Inflation
Hong Kong fifth most expensive city in the world: Economist Intelligence Unit
In its Worldwide Cost of Living 2023 report, the unit also cautioned that the global cost-of-living crisis was not yet over.
‘New wage plan is voluntary’: Malaysia’s economy minister
Minister Rafizi Ramli said that companies registered under the progressive wages programme will be given cash incentives by the government.
Bank of Korea holds key rate steady, cuts 2024 growth outlook
The Bank of Korea’s hawkish stance partly stems from Korea’s snowballing household debts. Despite the high rates, the outstanding household credit for the third quarter…
Close cooperation among agencies will prevent overlapping efforts to eradicate poverty: PM Anwar
According to PM Anwar, AIM's record in assisting the poor has enabled the government to place trust in the agency by allocating RM100mil to ensure that many targeted groups…
Power bills to go up from Jan as Thai energy agency agrees on fuel tariff hike
Authorities said the new fuel tariff rate had been approved after the commission took into account the impact on the people. They explained that if the FT were not raised to…
Bangladesh’s banks appreciate taka further against US dollar
Bankers decided to cut purchase and selling rates of the US dollars by more Tk 0.25 per dollar from next week to signal to the market that the USD rate would not always rise…
Market traders bemoan ‘abnormal’ food price increase
Trade Minister Zulkifli Hasan said policies were in place to control food inflation, including the possibility of punishing interim regional leaders.
Japan Business Federation to discuss pros and cons of weak Yen
Since the postwar period of rapid economic growth, a weak yen has been welcomed by Japan’s leading industries, as the currency’s depreciation is advantageous to…
Pakistan urged to revive five-year development planning
The IMF’s guidance comes immediately after the two sides reached a staff-level agreement on the first review of a $3 billion bailout.