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ISLAMABAD — Pakistan's two major parties are set to meet on Monday (Feb 19) to try and bridge differences over forming a minority coalition government after an inconclusive election, a top party official said, underscoring its political and economic instability.
The U.S. Federal Reserve is expected to cut interest rates later this year and, while that may not be good news for the dollar, some Asian currencies stand to benefit.
If ever there was proof that a nation’s economic health and stock market dynamics are two entirely different things, it’s present-day Japan.
The Indonesian government has formed a 1 trillion rupiah (US$64 million) tourism fund to help it bid for such events.
The Malaysian ringgit is about 2 per cent away from reaching 4.8850 per US dollar, a level last seen in 1998 when the Asian financial crisis ravaged the region’s currencies. The local currency has dropped nearly 4 per cent this year.
The levy will vary depending on factors such as the length of the flight and whether the passenger is flying in economy or in premium class, Singapore’s government said on Monday at an aviation summit in the city state.
China's central bank left a key policy rate unchanged as expected on Sunday when rolling over maturing medium-term loans, with uncertainties around the timing of an easing by the Federal Reserve limiting Beijing's room to maneuver on monetary policy.
Tourism revenues in China during the eight-day Lunar New Year holidays that ended on Saturday surged by 47.3% year-on-year thanks to a domestic travel boom, surpassing pre-Covid 2019 levels, official data showed on Sunday.