Economy

Taiwan is expected to boost its electricity costs by an average of 8.4%

TAIPEI: The economy ministry announced on Monday that Taiwan will hike power costs by an average of 8.4% on July…

June 28, 2022

Bankrupt Sri Lanka is looking for Russian oil at a reduced price

COLOMBO: The government of Sri Lanka declared on Sunday (Jun 26) that it was sending ministers to Russia and Qatar…

June 27, 2022

A weaker yen fuels dissatisfaction among Japan’s farmers

YAMAGATA: Increasing the amount of rice in his cattle feed is a way for Japanese farmer Kiyoharu Hirao to save…

June 27, 2022

Wall Street advances bolster Asian stocks as oil eases inflation fears

TOKYO: Asian stocks rose on Monday, after Wall Street's strong bounce at the close of last week, as oil prices…

June 27, 2022

As supply disruptions continue, Singapore needs to diversify food sources

SINGAPORE: Prime Minister Lee Hsien Loong said on Saturday that Singapore must do more to diversify its food sources since…

June 26, 2022

Malaysia’s prime minister says the country will continue to impose a price ceiling on chickens

MALAYSIA: There will not be a float in chicken prices in Malaysia starting on July 1, the country's administration has…

June 25, 2022

Sri Lankan parliament closes early due to gas shortage

COLOMBO: Officials said Thursday (Jun 23) that parliament in Sri Lanka had canceled the remainder of its week's sessions to…

June 24, 2022

India pledges support for Sri Lanka’s economic recovery

COLOMBO: Thursday (June 23), India's top diplomat met with Sri Lanka's president and prime minister to express India's preparedness to…

June 24, 2022

Malaysia’s May CPI rose 2.8% y/y over expected

KUALA LUMPUR: According to official statistics released on Friday, Malaysia's CPI (consumer price index) grew by 2.8 percent year-over-year in…

June 24, 2022

Fed strongly committed to reducing inflation rapidly, Powell says

US: US central bank head Jerome Powell said on Wednesday that the Federal Reserve is deeply committed to lowering inflation,…

June 23, 2022

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