Bank of Korea extends rate pause amid mounting US, China pressure
Bank of Korea governor Rhee Chang-yong further maintained a hawkish stance, announcing that the board decided to keep the terminal rate at 3.75 percent for the time being for…
Inflation
Unscrupulous traders behind abnormal price hike: Senior commerce secretary
The demand for some essential products, including oil and sugar, is met through imports.
Japan compiling plan to combat soaring gas prices
PM Kishida also plans to formulate a major stimulus package in September, which will include support for growth industries and measures to counter high prices.
‘White rice’ price soars amid India suspension
Since India announced the ban, importing countries that used to import rice from India have been buying more white rice from other countries, including Cambodia, leading to the…
India defends decision to impose 40 per cent export duty on onions
According to India, the decision was a move to boost domestic supply and control retail prices.
Sri Lankan inflation halves to 4.6 per cent
Since June, Sri Lanka's inflation has come down sharply from the runaway levels seen earlier, also helped by a stronger rupee currency, which has lowered the costs of fuel, power…
Coffee shop owner in Johor Baru tries to keep chicken rice affordable
41-year-old stall owner Vu Thi Minh said the cheap price is also a way for her to prevent food from being wasted, while making sure that the chicken rice is fresh.
Onion prices go up in Bangladesh after India slaps export duty
Although Bangladesh produces enough onion to meet domestic demand, a significant portion is imported each year to cover the supply dearth, resulting from post-harvest losses…
Riding on tomatoes, vegetable prices continue to soar
A shocker came for the country when the government released data saying retail inflation skyrocketed at 7.44 per cent riding on high vegetable prices.
Burger King says tomatoes on ‘vacation’ as India battles food inflation
Burger King has scrapped tomatoes from its wraps and burgers in many Indian outlets after prices more than quadrupled, the latest symptom of surging food inflation that is hitting…