Economy

President Joe Biden kept a promise he made during his campaign for the White House in 2020 by announcing on Wednesday (August 24) that the United States government will cancel student debts of up to $10,000 for millions of people who have graduated from college but are still stuck with debt. However, some economists have stated that it may fuel …

The finance minister stated on Monday that the key interest rate should remain low in order to underpin recovery in the economy of Thailand, which could grow by 3.0%-3.5% this year, which is less than an earlier forecast due to the rising cost of oil brought on by the conflict between Russia and Ukraine. Arkhom Termpittayapaisith, who was interviewed by …

According to comments made by Thailand’s Minister of Finance on Monday, the country’s GDP is projected to expand by 3.0 to 3.5 percent this year, with support coming from public investments and an uptick in activity within the country’s crucial tourism industry. Arkhom Termpittayapaisith told a seminar for state agencies that the country’s economy, which is the second largest in …

Kim Yo Jong, the powerful sister of North Korean leader Kim Jong Un, stated on Friday (August 19) that her country will never negotiate with an “audacious” South Korean initiative. This initiative would boost the North’s economy in exchange for the North giving up its nuclear weapons. Kim Yo Jong is the sister of North Korean leader Kim Jong Un. …

Annuar Musa, chairman of Malaysia’s special task force against inflation, stated on Wednesday that the approval to export chicken will only be granted if the domestic supply of chicken is not harmed. Annuar Musa made this statement (Aug 17). According to Mr. Annuar, this is done to ensure that the cost of chickens can be kept under control. In addition …

In an interview that took place on Thursday with CNBC Indonesia TV, Indonesian President Joko Widodo stated that the country has not yet completed the process of assessing who is qualified to receive fuel subsidies. In order to rein in the out-of-control growth of energy subsidies in the economy that dominates Southeast Asia, some have proposed limiting the number of …

Because of rising commodity prices and a dispute between the government and importers, the leading producers of soft drinks in the Philippines have issued a rare unified statement in which they corroborate claims of a refined sugar scarcity. ARC Refreshments Corporation, Coca-Cola Beverages Philippines, and Pepsi-Cola Products Philippines have all stated that the industry is currently experiencing a shortage of …

Shares of once-buzzing technology companies have been in freefall this year, with some dropping as much as 70 percent as a result of an uncertain climate and concerns about their profitability. The share prices of technology companies that did well during the COVID-19 pandemic have been hit particularly hard. One example of this is the streaming service Netflix, which has …

According to reports in the media on Monday, Indonesia’s energy minister was quoted as saying that the country intends to increase the price of fuel in order to rein in the escalating costs of energy subsidies. As stated by Energy Minister Arifin Tasrif, who was mentioned by many local media outlets, including the news website Bisnis.com, the price increase would …

During the next five years, Thailand plans to invest 2.2 trillion baht, which is equivalent to $61.97 billion, in the industrial east of the nation, according to a government official who spoke on Monday. This is part of Thailand’s effort to strengthen the country’s long-term economic growth. Thanakorn Wangboonkongchana, a government spokesperson, said in a statement that the plan for …