Japan govt to introduce subsidies to trim farm production costs by 10%
The government is also considering curbing the prices of imported wheat it sells to milling companies in October and later.
Policy Matters
Indonesia looks to export chickens to shortage-hit Singapore
Indonesia produces 55 million to 60 million birds per week, with a surplus of around 15 percent to 20 percent after domestic consumption.
Japanese Yen falls to 24-year low
The yen, outside the euro zone, fell over 0.5 per cent to a 24-year low of 135.835 per dollar, continuing to weaken after the Bank of Japan dashed any expectations of a change in…
26,000 provincial bus workers lose jobs due to rising fuel prices
Only 20 to 30 percent of provincial buses are currently operating, with some 26,000 to 28,000 workers, including drivers, conductors, and ticket sellers affected.
Hong Kong’s May inflation up 1.2%
Netting out the effects of the government’s one-off relief measures, the year-on-year rate of increase in May was 1.7 per cent, while price drops were seen for gas and water.
Pakistan finance minister hopeful of IMF agreement within ‘1 or 2 days’
So far, Pakistan and the IMF have not yet been able to reach close to a staff-level agreement for revival of the loan programme.
Shanghai fire sparks safety campaign in China
The focus of the campaign will include aspects such as improving safety at chemical industrial parks; safety risk management and control of large oil and gas storage facilities.
Markets headed for more volatility as inflation bites
Bond markets look jittery, while the crypto market has been savaged. Bitcoin has lost two-thirds of its value since it hit a US$70,000 high seven months ago.
Philippines policymakers brace for economic oil shock
A senior economist noted that Philippines’ energy mix is secondly dominated by oil, and elevated global energy prices are likely to impact more than 50 per cent of their power…
Indonesia to push for ratification of UN treaty on enforced disappearance
It is the only one of the UN’s nine core conventions on international human rights that Indonesia has yet to ratify.