July 23, 2026
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Tag : fuel costs

Business

ADB cuts Asia Pacific 2026 growth forecast to 4.9%

omandailynews.com
MANILA, PHILIPPINES / MENA Newswire / – The Asian Development Bank cut its 2026 growth forecast for developing Asia and the Pacific to 4.9%. The bank cited prolonged global energy disruption and softer demand in parts of the region. The projection stands below the 5.1% estimate issued in April. It......
Business

South Korea inflation hits 2.2% in March on oil surge

omandailynews.com
DAEJEON: South Korea’s consumer prices rose 2.2% in March from a year earlier, accelerating from 2.0% in February as higher oil costs pushed up transport-related prices, official data showed on Thursday. On a monthly basis, the consumer price index rose 0.3%, matching the pace seen in February. The reading placed inflation back......