UOB joins local banks in raising interest rates for savings accounts
2022-08-31
UOB’s move comes on the heels of a similar announcement by OCBC this week amid a rising interest rate environment.Continue Reading
Govt set to roll out ‘gifts’ for New Year
2022-08-30
The federal government is planning to roll out a number of relief procedures as “New 12 months gift”s at the end of the entire year, which will include tax reductions, according to Mouthpiece Prime Minister and Energy Minister Supattanapong Punmeechaow yesterday.Continue Reading
Pakistan floods: Map and before/after photos show extent of devastation
2022-08-30
Satellite images and graphics reveal the scale of floods that have left millions homeless in Pakistan.Continue Reading
Japan’s nuclear revival in a race against time
2022-08-30
TOKYO – Japanese Prime Minister Kishida has expressed support for investigations that will probably lead to the first construction of new nuclear power plants in Japan in over a decade. The obvious goal is to reduce reliance on imported fossil fuels and exposure to the wild vacillations of oil and gas prices. But also behind […]
The post Japan’s nuclear revival in a race against time appeared first on Asia Times.
Top China bank ICBC reports jump in property bad debt
2022-08-30
BEIJING: Industrial and Commercial Bank of China (ICBC), the world’s largest commercial lender by assets, said soured lending to the real estate sector in the first half of this year rose 15 per cent. The lender reported 38.8 billion yuan of non-performing loans (NPL) at the end of June, comparedContinue Reading
Oil edges down as inflation expected to impact fuel demand
2022-08-30
OIL costs dipped on Wednesday, paring some benefits from the previous program, as the market feared that more intense interest rates hikes from central banks can lead to a global economic slow down and soften gas demand. Read full story Continue Reading
Gadchiroli: The Indian tribal families living on a highway with animals
2022-08-30
After floods ravaged their homes, tribal families in Maharashtra have been forced to survive a highway.Continue Reading
South Korea eyes fiscal discipline with first spending cut in 13 years
2022-08-30
SEOUL: South Korea stated on Tuesday (Aug 30) it would cut annual government investing for the first time in over a decade next year, since it seeks to curb its pandemic-era incitement and help the central bank rein in a red-hot economic climate. Unveiling the first budget proposal under right-leaningContinue Reading
South Korea central bank chief sees no change in stance after Powell speech
2022-08-30
SEOUL: The head of South Korea’s central bank said on Tuesday (Aug 30) his bank’s financial policy stance would not change after Federal government Reserve Chair Jerome Powell said a week ago the US economy will require tight monetary policy “for some time”. Financial institution of Korea Chief excutive RheeContinue Reading
Commentary: How we expect prices to rise matters when it comes to inflation
2022-08-29
Consumers can drive up demand when they think things are going to get more expensive within the coming months. Pumpiing researchers Aurobindo Ghosh, Khyati Chauhan and Muskan Bagrodia weigh in on the reason why inflation expectations matter as much as economic data.Continue Reading