Brunei is heavily dependent on its hydrocarbon resource wealth, which provides more than half of the nation’s income. The government has highlighted its concerns about the nation’s oil dependence, which leaves it vulnerable to economic shocks. Brunei sees diversification as integral to its economic development and has outlined plans to reduce oil dependency and develop other … [Read more...] about Moving Away from Oil: How Can Brunei Diversify its Economy?
Phase ten rules
Inflationary pressure INFLATION data for April 2022, which will be the key focus this week, is expected to remain at around 2%. Malaysia’s consumer price index (CPI) in March 2022 rose 2.2% to 125.6 against 122.9 in March 2021, surpassing the average inflation for the January 2011 to March 2022 period which stood at 1.9%. Bloomberg estimates a 2.2% growth year-on-year … [Read more...] about The week ahead – Inflationary pressure, Singapore CPI, GDP, Monetary policy decisions
JAKARTA, May 23 (Reuters): Asian currencies overcame early market pressure to edge higher against a tepid US dollar on Monday, while the Singaporean dollar rose to a 2-1/2-week high after data showed the city-state witnessed its fastest rise in core inflation in a decade. South Korea's won and the Taiwanese dollar rose 0.3% and 0.1%, respectively, while the Thai baht and … [Read more...] about Emerging markets: Bank Indonesia’s policy meeting on Tuesday awaited as Asian FX edges higher as dollar weakens
PARIS (Reuters) -France's new government will speed up work on a bill to help families with the soaring cost of living, its spokeswoman said on Monday - as the relaunch of Emmanuel Macron's presidency risked being overshadowed by rape allegations against one of his ministers. Weeks before a parliamentary ballot which the newly re-elected Macron needs to win to be able to … [Read more...] about New Macron govt races to ease cost of living crisis ahead of election
Vadim Shishimarin's lawyer said he will appeal the guilty verdict. KYIV, Ukraine: A Kyiv court on Monday found a 21-year-old Russian soldier who killed a civilian guilty of war crimes and handed him a life sentence, in the first verdict against Moscow's forces since their invasion. "The court has found that (Vadim) Shishimarin is guilty and sentences him to life … [Read more...] about Ukraine jails Russian soldier for life at war crimes trial