Economy

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 …

Mr. Mathew, who works for TalentCorp, claims that the organization is making an effort to reduce the magnitude of the brain drain, despite the many factors that are driving Malaysians to leave the country in search of better opportunities elsewhere. Implementation of the Returning Expert Program is one of the initiatives being taken (REP). The program includes the Malaysia@Heart initiative, …

According to a report that was published by a financial news media source on Friday, 21jingji, China may launch a pilot program in six provinces in order to significantly accelerate the disposal of bad loans made by local small and medium-sized banks. The decision was made after a rural banking crisis in the province of Henan in central China and …

Two sources with knowledge of the matter have stated that Malaysia’s second-richest man, Quek Leng Chan, is weighing options for his stake in Hong Leong Bank, including a merger. This is a move that could trigger wider consolidation in the sector and make Quek Leng Chan the second-richest man in Malaysia. According to the sources, Quek, who is 80 years …

The annual rate of inflation in Indonesia maintained its ascent in July, reaching 4.94 percent year-on-year for the month. Since October 2015, this month’s result marks the country’s highest inflation rate ever recorded. During that time, it stood at 6.25 percent. According to Mr. Margo Yuwono, chief of the Indonesian statistics office, this occurs at a time when food and …

Wikipedia is the latest target of the ongoing debate around the correct interpretation of the term “recession.” Wikipedia has halted the majority of edits to the entry for “recession” as well as the entry for “business cycle” after partisans engaged in a heated editing duel on the pages that were relevant. Depending on one’s political leanings, one can see the …

Although Akshant appears to be no different than any other tuk tuk driver in Sri Lanka, his earnings are three times more than those of his peers. This is due to the fact that he has been selling fuel on the illicit market despite their now being a major scarcity. The man, who was 59 years old, made the statement …

According to data released by the central bank on Friday, the Pakistani rupee gained 0.24 percent, which is equivalent to 57 paise, versus the United States dollar, and finished the day at 239.37. This comes after a two-week losing streak against the dollar. According to figures provided by the central bank, the value of the rupee decreased by around 5 …

The Federal Reserve hiked its overnight interest rate by three-quarters of a percentage point on Wednesday (July 27) to calm the most violent inflation since the 1980s. “Ongoing increases” in borrowing rates are still ahead despite signs of a weakening economy. “Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food, and energy prices, and broader …