World

Asia-Pacific Economic Cooperation leaders gathered in Thailand, condemning Russia's conflict in Ukraine while seeking economic stability. Most of the 21 member nations expressed disapproval of the war, with the summit acknowledging diverse perspectives on global security and economic challenges.

World Trade Organization head Ngozi Okonjo-Iweala highlights growing economic risks, with several major economies facing potential recession due to Ukraine conflict, rising food and fuel prices, and global economic challenges.

Indonesia has implemented a significant 30% fuel price increase, marking the first hike in eight years. The government's decision affects subsidized Pertalite gasoline and diesel, raising prices from 51 to 67 cents per liter and 35 to 46 cents per liter, respectively. Long lines at gas stations reflect public concern about the cost surge.

EcoWorld and Public Bank have signed an MoU to provide special end-financing packages for green-certified properties. The Green 5Home and Green Swift Plans offer preferential pricing and fast approval for environmentally sustainable residential and commercial projects.

Asian stock markets show mixed performance ahead of crucial US employment data, with investors analyzing potential implications for Federal Reserve's interest rate strategy amid high inflation concerns.

Standard Chartered Malaysia launches SmartStocks, a revolutionary online trading platform allowing Malaysian investors to access 12 exchanges across seven markets from a single account. Clients can now trade on global stock exchanges like NYSE, NASDAQ, and Hong Kong Stock Exchange with competitive, potentially zero-percent brokerage rates.

Malaysia secured RM123.3 billion in approved investments from January to June 2022, with foreign direct investments contributing 70.9% of the total. The services sector led the economic recovery, accounting for 63.3% of approved investments and supporting the creation of 57,771 potential job opportunities.

Arizona Governor Doug Ducey met with Taiwanese President Tsai Ing-wen, celebrating a major semiconductor investment that underscores growing economic cooperation between Taiwan and the United States.

The International Monetary Fund has reached a preliminary agreement to provide Sri Lanka with $2.9 billion over four years to help the country recover from its worst economic crisis. The package aims to restore financial stability and requires approval from IMF management and creditors.

President Joe Biden approved an $800 million military aid package for Ukraine, providing additional helicopters, artillery, armored vehicles, and protective gear against potential chemical, biological, nuclear, and radiological threats in anticipation of a new Russian offensive in eastern Ukraine.