Indonesia making big plans for bad times in 2023

JAKARTA – Indonesia may be on safe ground for now, but Finance Minister Sri Mulyani Indrawati is preparing for a worst-case scenario in 2023 by slashing line ministry spending and drawing up contingencies for a now widely-expected global recession. The impact of US Federal Reserve rate hikes, persistent inflationary pressures and a slowdown in global […]Continue Reading

SATP touts pro-farmer policies

Somkid Jatusripitak, chairman of the Sang Anakhot Thai Party (SATP), has vowed to push for a five-year moratorium on farmers’ debt payments, a fertiliser subsidy and an improved version of the government’s state welfare programme as part of the party’s election pledges.Continue Reading

Tokyo’s ‘Iron Lady’ is no cause for alarm in Beijing

TOKYO — Other than trolling China, it’s still a mystery why Japanese Prime Minister Fumio Kishida chose Sanae Takaichi to run the fledgling Ministry of Economic Security. There again, what this one-year-old agency does, exactly, is its own riddle. On the face of it, it should be grabbing global headlines: It has the authority to […]Continue Reading

Despite soaring US yields, dollar risk favors gold

The last time the yield of inflation-protected US Treasuries stood at 2 percent – just before the 2008 World Financial Crisis – gold traded at $800. Today the 10-year inflation-protected yield is back at 2%, yet gold trades at more than twice that price. For the past fifteen years, gold has traded in a straight […]Continue Reading