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KUALA LUMPUR: Malaysia's consumer price index (CPI) rose by less than expected in May, expanding 4.4% from a year earlier, government data showed on Friday.
HONG KONG: Chinese bubble tea chain Nayuki Holdings Ltd. has raised HK$5.09 billion ($656 million) after pricing its Hong Kong initial public offering at the top of a marketed range, the latest company to ride a resurgence of listings in the Asian financial hub.
LONDON (Reuters) - Some 41 million people worldwide are at at imminent risk of famine, the United Nations World Food Programme (WFP) warned on Tuesday, saying soaring prices for basic foods were compounding existing pressures on food security.
US optimism to reshore supply chains from Asia ‘overblown’, with region’s share of global exports set to rise
Biden administration is keen to loosen supply chain dependence on Asia, especially China, and has established a trade ‘strike force’ to strengthen US productionBut The Economist Intelligence Unit says firms and investors will remain deterred by North America’s lack of competitiveness compared to Asian economies
‘Hermes of ice cream’ brand Zhong Xue Gao under fire after founder says people complaining about high prices can take it or leave it
Chinese social media has reacted by suggesting far cheaper brands of ice cream are just as goodFounder has defended the price, saying even if he sold his ice creams at cost price, some would still consider it too expensive
FGV Holdings Bhd’s unit FGV Integrated Farming Holdings Sdn Bhd (FGVIF) had on Tuesday signed an agreement to buy the entire 100 per cent equity interest in MSM Perlis Sdn Bhd, which owns about 4,500 hectares in Chuping, Perlis, for RM175 million.FGV unit buys MSM Perlis for RM175m