Tag: Economy

  • Economy, Gaza war and China ties dominate

    Economy, Gaza war and China ties dominate

    Presidential candidates Anies Baswedan, Prabowo Subianto, and Ganjar Pranowo, along with their vice presidential candidates, are posing for photos after the first presidential candidate debate at the General Election Commission (KPU) office in Jakarta, Indonesia, on December 12, 2023. Indonesia is preparing to hold general elections for president and vice president for the 2024-2029 period…

  • Global rice markets are in crisis amid ‘artificial’ shortage

    Global rice markets are in crisis amid ‘artificial’ shortage

    Rice is a crucial staple for over half the global population and the world is bracing for its most significant shortage in 20 years. India’s export ban on rice is reverberating through global rice markets, threatening food security if developing nations cannot afford or access rice. “The only shortage out there right now would really…

  • Singapore exports fall for 12th month in September but recovery seen

    Singapore exports fall for 12th month in September but recovery seen

    Containers are loaded on the premises of the port operator PSA, the Port of Singapore Authority (PSA), at the Port of Singapore on 14 June 2022. Bernd von Jutrczenka | Picture Alliance | Getty Images Singapore’s exports fell for a 12th straight month in September on a year-on-year basis as the trade-reliant economy grappled again with global headwinds on inflation and declining…

  • Cities are fighting back against overtourism: Venice, Amsterdam, Bali

    Cities are fighting back against overtourism: Venice, Amsterdam, Bali

    From overtourism to no tourism — and back again. Many cities have come full circle to worrying about too many tourists rather than too few.    The rise of budget airlines, short-term home rentals and cruise ships are part of the problem, said Lionel Saul, a research assistant and visiting lecturer at EHL Hospitality Business…

  • 5 things to know before the stock market opens Tuesday, September 5

    5 things to know before the stock market opens Tuesday, September 5

    Here are the most important news items that investors need to start their trading day: 1. Stocks slip Stock futures were slightly lower Tuesday to start the trading week. Futures tied to the Dow Jones Industrial Average were down 8 points, or less than 0.1%. S&P 500 futures slid 0.1%, while Nasdaq 100 futures fell 0.3%. Those moves come after…

  • ADB says India’s growth to moderate to 6.4 pc in FY24

    ADB says India’s growth to moderate to 6.4 pc in FY24

    New Delhi [India], April 4 (ANI): Asian Development Bank on Tuesday said India’s GDP is expected to moderate to 6.4 per cent in 2023-24 from 6.8 per cent growth in 2022-23 due to tight monetary conditions and elevated oil prices. The Indian economy is expected to grow at 6.7 per cent in 2024-25, ADB said.…

  • Hong Kong retains spot as most expensive business destination in Asia

    Hong Kong retains spot as most expensive business destination in Asia

    Hong Kong has been named the most expensive location in Asia for business travelers — for the second year in a row, according to a new report.  ECA International’s latest Daily Rates research ranked countries based on costs for short trip expenses: four-star hotel rooms, meals, laundry, alcoholic and soft drinks, journeys by taxi and…

  • Does being a digital nomad save money? It depends on where you go

    Does being a digital nomad save money? It depends on where you go

    Sipping a cold pint of beer in Budapest can cost $2. Dinner for two in a pub in Prague? About $22. And a month’s rental for a sleek studio apartment in the center of the Portuguese city of Porto can set you back $650. With these sorts of living costs, it’s no surprise that many are…

  • Indonesia says economy is more resilient to absorb inflation shocks

    Indonesia says economy is more resilient to absorb inflation shocks

    Indonesia is taking steps to make its economy more resilient so it can withstand global shocks like inflation, especially from the United States, said Finance Minister Sri Mulyani Indrawati. As the world’s largest economy, what the U.S. does has strong implications worldwide, including Indonesia, said the minister. To fight inflation, the U.S. has hiked interest…

  • How to earn money and pay to travel full time: one couple explains

    How to earn money and pay to travel full time: one couple explains

    Most people have a travel bucket list, perhaps with 10 to 15 countries. For this couple, it’s all 195 — and they’re more than halfway there. Hudson and Emily Crider have visited 112 countries, but their journey together began long before that. Both are from the “same small town” of Lancaster, Pennsylvania. They met in…