A customer browses supermarket shelves in Bangkok. Global food prices are surging. Photo: Reuters
‘Inflation jihad’, cash handouts: Can Singapore, Malaysia and other Asian countries soften the blow of rising prices?
- Indonesia’s flirting with a wider budget bill to boost subsidies, while Malaysia has launched a ‘Jihad Against Inflation’ task force to tackle the crisis
- Singapore’s confident it can keep inflation in check, but analysts warn the Philippines may tip into recession – as Thailand looks to tourism to save the day
A customer browses supermarket shelves in Bangkok. Global food prices are surging. Photo: Reuters