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Analysis: Colombia economic reforms will be difficult, whoever wins presidency
BOGOTA (Reuters) - Whoever wins Colombia's presidency will face a divided congress and likely street protests, which will complicate efforts to carry out badly-needed fiscal and social reforms, analysts and politicians said.
Indonesian govt aims to up subsidy, hike power rates as global energy prices surge
Finance Minister Sri Mulyani Indrawati has proposed to the House of Representatives a massive increase in subsidies and compensation as the government seeks to keep fuel and electricity cheap despite a global energy price surge.
Analysis-Crypto crash leaves El Salvador with no easy exit from worsening crisis
SAN SALVADOR/NEW YORK (Reuters) - El Salvador's big bet on bitcoin, which the Central American nation has been buying since September, has soured in recent weeks as a cryptocurrency rout shaved over a third of the value of the government's holdings, Reuters calculations show.
Malaysia not at risk of recession
PUTRAJAYA: Malaysia is not at risk of recession and is on track to meet forecast economic growth targets of between 5.3% and 6.3% this year, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz says.
Tengku Zafrul: Talk of global recession premature, unwarranted
PUTRAJAYA: Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz today gave assurance that Malaysia is on track to meet the economic growth target of between 5.3 and 6.3 per cent this year while calling talk of a global recession "premature and unwarranted”.
Full-year GDP target of 5.3% to 6.3% achievable
Finance Minister Tengku Zafrul says the country’s growth is on a firmer footing based on higher domestic and external demand among others.
Build buffers against rising US interest rates
WITH the persistent rise in inflation, a cycle of global monetary tightening has begun with the Federal Reserve (Fed) leading the pack.
Bulgaria's growth prospects dented by war in Ukraine -IMF
SOFIA (Reuters) - The war in Ukraine is likely to hit Bulgaria's economic growth, speed up inflation and could pose credit risks, the International Monetary Fund said on Friday.
Pakistan's new govt may have to roll back fuel, power subsidies
ISLAMABAD (Reuters) - Pakistan's new government led by Prime Minister Shehbaz Sharif is in internal discussions on whether to roll back fuel and power subsidies that have blown a hole in public finances amid a stuttering economy, officials said.
Increasing concerns over EPF withdrawals
THE latest withdrawal scheme of up to RM10,000 from the Employees Provident Fund (EPF) has drawn strong concerns on dwindling retirement funds.
