Economy

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

Consumer prices in Sri Lanka rises, highest since 2015

COLOMBO: As the island nation struggled through its worst economic downturn in seven decades, Sri Lanka's overall inflation increased in…

June 22, 2022

North Korea halts imports of COVID-19 containment equipment from China

BEIJING: After purchasing face masks and ventilators from China in prior months, North Korea unexpectedly ceased importing COVID-19 prevention and…

June 21, 2022

The Bank of Korea has raised its inflation estimates and plans to examine its large step hikes

SEOUL: On Tuesday, South Korea's central bank said it expected inflation to be higher than previously forecasted, and that it…

June 21, 2022

As global threats grow, the Philippines faces larger current account deficits

MANILA: Considering the challenges that the global economy is facing, the Philippine central bank said that it expects the country’s…

June 21, 2022

Fish prices in Singapore are rising

SINGAPORE: Fish and seafood prices jumped 5.6 percent year over year in April, up from 5.2 percent in March, according…

June 20, 2022

Cassava exports in Thailand are increasing as the Ukraine crisis impacts grain supplies

BANGKOK: Thailand's cassava exports increased from January to April last year as importers sought grain alternatives, according to a senior…

June 20, 2022

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