inflation | Asia News – Politics, Media, Education

Archives

HK: Guards, cleaners eat less amid food price hikes

By Elmer W. Cagape Mon, Oct 17, 2011 1:42PM UTC View Comments

About half of Hong Kong’s cleaners and security guards claim they are now eating less, mainly because of rising food costs, according to a study by Friends of the Earth (FOE). Trying to be frugal goes a long way, as one in five said they bought food products that are about to expire – often...

Read Full Story ›

China’s inflation jumps to 3-year high

By AP News Sat, Jul 09, 2011 11:29PM UTC View Comments

BEIJING (AP) — China’s surging inflation accelerated to a three-year high in June even as the overheated economy began to cool. Consumer prices rose 6.4 percent over a year ago, a sharp jump from May’s 5.5 percent rate, data showed Saturday. It was driven by a 14.4 percent rise in politically volatile food costs, up...

Read Full Story ›

Singapore: Rosy picture of a thriving economy, but not for job seekers

By reddotrevolver Mon, Jun 27, 2011 5:34PM UTC View Comments

Singapore’s economy and job market appear to be rosy; the unemployment rate reportedly fell to a three-year low of 1.9% in March, and the economy grew 14.5% last year. News reports like these seem to foster a climate of optimism with regard to job opportunities and competitive wages – until you read the fine print....

Read Full Story ›

India’s inflation accelerates as new pressures mount on rates

By Shayoni Sarkar Fri, Apr 15, 2011 7:02PM UTC View Comments

Higher fuel and manufacturing costs have increased India’s inflation from 8.31 percent to 8.98 percent in March, according to a recent announcement by the commerce ministry in New Delhi. This increase is higher than that forecast by economists and now puts pressure on policy makers to raise the country’s interest rates. The inflation rate registered...

Read Full Story ›

Lee Myung-bak ratings tumble amid inflation fears, scandals

By Andy Jackson Sat, Feb 26, 2011 9:57PM UTC View Comments

South Korean president Lee Myung-bak (AP Photo/Ahn Young-joon, Pool)

Spring has never been kind to Lee Myung-bak’s presidency. Within a couple of months of assuming office in 2008, he faced massive protests and a sharp drop in popularity over his decision to implement an earlier agreement to restart the sale of US beef. While the fears were largely found to have been based on erroneous...

Read Full Story ›