Tag: World economy
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Southeast Asia haze returns as peatland fires fan global warming fears
In this photo taken on Oct. 10, 2023, a man looks at a forest fire as it approaches houses in Ogan Ilir, South Sumatra in Indonesia. Al Zulkifli | AFP | Getty Images With El Nino in full force, officials are bracing for the worst transboundary haze in southern Southeast Asia since before the pandemic…
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Central banks in Asia could soon diverge from the Federal Reserve: Nomura
A food stall in Gwangjang Market in Seoul as South Korea’s central bank is seen to be among the first in the region to cut its benchmark interest rate. Francois Lochon | Gamma-rapho | Getty Images Central banks in Asia could start cutting rates earlier than the Federal Reserve, economists at Nomura predicted. A dovish…
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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…