Cambodia’s minimum wage set at $204 per month, after Sep 28 vote
Following several negotiation sessions, the tripartite talks reached an agreement during a vote, with 46 of 51 votes supporting the $202 figure. The remaining five voted opted for…
Inflation
Chuseok food cost hits all-time high
When preparing a "charye," table full of food offerings with ingredients from the traditional market, the price was estimated at some 309,000 won ($231), up by 9,000 won from last…
Philippine statistics agency reports 26 per cent hike in price of unmilled rice
“Hopefully, prices will rebound as farmers are starting to harvest; they went down after the price ceiling was imposed and economic managers floated their proposal to reduce…
Indonesia to keep an eye on oil prices, projected to surge to $100 by year-end
The Finance Ministry says it is prepared to carry out stress testing if needed to anticipate any impact on the state budget, particularly energy subsidies.
Subsidies for imported white rice is Malaysian govt’s ‘last resort’ to overcome shortage: MP
The Pasir Gudang MP urged the public not to panic buy as there are enough daily necessities, especially white rice, in Johor.
President Marcos rejects proposal to reduce rice tariffs
“It was not the right time to lower the tariff rates because the projection of world rice prices is that it will go down,” said President Marcos in a statement.
Big festivals near but food depots in Darchula are empty
Subsidised food grain, mainly rice, have not been transported to the Khandeshwari depot that locals are dependent on for the past several months.
Price capping a windfall for syndicates?
Every time the government tried to fix the price of a good or service, it unwittingly ended up offering a financial bonanza to the market syndicates.
Bank Indonesia sticks with inflation forecast despite high rice, oil prices
The central bank has a mandate to keep annual consumer price index growth in the range of 2 to 4 per cent this year. It estimates that the rate will fall right between those…
We can taste the difference, say Malaysian rice lovers
Many consumers prefer sticking to the familiar taste of imported white rice despite the increased price of imported white rice nationwide in line with current global market prices.