Thailand Sets Inflation Target at 5% – PM

Fourth EstateThai Baht Offerings | Piqsels

Thailand said it will aim to keep inflation below 5% this year amid a global surge in prices of food and energy. Prime Minister Prayuth Chan-ocha told a news conference that the government is able to manage inflation in Thailand, …

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Indonesian Parliament Approves $24 Billion in Energy Subsidies

The Indonesian parliament has approved a government request to pump $24 billion into energy subsidies to help cancel out the surge in domestic energy prices driven by global inflation. Parliament greenlighted on Thursday additional energy subsidies worth 74.9 trillion rupiah …

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Oman In Talks With Australia and Argentina As Alternative To India Wheat Imports

Fourth EstateA combine works a wheat field

Oman on Thursday said it has a plan to import wheat from Australia and Argentina as the country is looking for alternatives to India’s wheat source. The CEO of the Omani Flour Mills Company, Haitham Al Fana Al Araimi said …

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UK Inflation Hits Four-Decade High of 9%

Fourth EstateBritish Pound Notes` - Joegoauk Goa

Consumer prices in Britain last month soared to its highest annual rate since 1982 as food and energy prices surged to record highs, worsening the country’s cost-of-living crisis. Inflation hit 9% in April year-on-year, well above 7% in the month …

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EU Announces $25m in Humanitarian Aid For Palestine

The European Union on Monday announced a revamped humanitarian aid package worth $25 million to meet basic needs of vulnerable Palestinians in the West Bank, East Jerusalem and Gaza. “Over 2 million Palestinian women, children and men in the Occupied …

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Samsung Reportedly in Talks for 20% Hike on Chipmaking Prices

Fourth EstateA Samsung Intergrated Circuit Chip

Samsung is reportedly in talks with clients on plans to hike prices for chip manufacturing by up to 20% this year. Contract-based chip prices are expected to rise around 15% to 20% in the second half of the year, Bloomberg …

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Turkey’s Inflation Rate Soars 70% In April

Fourth EstateHand holding a Turkish Lira banknotes (file photo)

Inflation in Turkey soared to nearly 70% in April, posing a huge challenge to the people who already complain about skyrocketing prices of daily basic necessities. The Turkish Statistical Institute said on Thursday that the consumer price index rose by …

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