The government's sea lane program needs to be complemented with an industrial development program targeting the eastern regions so they can manufacture goods to balance inbound-outbound logistics costs for shipments from western regions.

Sri Lanka's President Gotabaya Rajapaksa will resign on Wednesday after thousands of protesters stormed his official residence and secretariat on Saturday, an official said. Protesters also set fire to Prime Minister Ranil Wickremesinghe's private residence.

Ukraine, a major global grain grower and exporter, harvested a record 86 million tonnes of grain in 2021. 

Statistics Indonesia (BPS) recorded in the country that wheat prices have increased 75.71 percent year-on-year (yoy) and overall food and beverage prices have increased 8.26 percent.

The Zhibek Zholy moved at least 20 kilometres (12 miles) away from Turkey's Black Sea port of Karasu before apparently switching off its transponder and disappearing from view, data on the marinetraffic.com website showed.

State-owned oil-and-gas-giant Pertamina said the discrepancy between subsidized and market prices has become wider as global oil prices continue to climb, adding pressures to the already strained company.

Achim Steiner, UNDP administrator, said an analysis of 159 developing countries showed that the surge in key commodity prices this year was already slamming parts of Sub-Saharan Africa, the Balkans, Asia and elsewhere.

European stocks rebounded thanks to lower bond yields and bargain hunting, while US stocks also advanced, climbing after Federal Reserve minutes maintained a tough line on inflation.

A comprehensive interconnection of ASEAN’s power grid has been a long-held dream, first emerging into serious discourse in the 1980s. Now, almost four decades later, we might finally be approaching a moment when the pressure for climate action moves this idea toward a more established reality.

Higher purchases by India, the world's biggest importer of vegetable oils, may add support for Malaysian palm oil prices, which are trading near a one-year low.

Both main crude contracts were pummelled Tuesday as investors grow increasingly worried that leading economies will contract this year or next owing to sharp central bank interest rate hikes aimed at fighting decades-high inflation.

Wheat is milled into flour to make a huge range of foods, from bread to pasta to desserts.

The US oil futures benchmark, West Texas Intermediate for delivery in August, finished below $100 a barrel for the first time in around two months, falling 8.2 percent to $99.50 a barrel.

The island nation's 22 million people have endured months of galloping inflation and lengthy power cuts after the government ran out of foreign currency to import vital goods.

China also expressed concern over the additional tariffs that the United States had imposed on Chinese goods, in an exchange that was "pragmatic and frank", the ministry said in a statement.

Pork prices in the world's second-biggest economy spiked late last month, with the meat selling for 32 percent more than in June 2021 as market supplies dropped, state media Xinhua News Agency reported.

But unofficial estimates published by Turkish economists showed prices rising at more than double that figure.

Micro, small and medium enterprises (MSMEs) make up 99 percent of all Indonesian businesses, accounting for more than 60 percent of the GDP and investment in the country.

The accord, reached during a visit by President Joko "Jokowi" Widodo to Abu Dhabi, will remove or sharply reduce duties on most goods traded between the Muslim countries. 

Petrol and diesel queues snaked through the capital for kilometres, though most pumping stations have been without fuel for days.

For an importer, the surge in the greenback against the euro, yen or British pound is a plus, because it makes the products they buy cheaper.

The prices of Philippine bananas in Japan must be "fair" and reflect increasing production and logistics costs if the public wants to continue enjoying the same level of supply and quality, an agricultural attache at the Philippine Embassy in Tokyo said in a recent interview with Kyodo News.

Work to improve energy efficiency could create employment for millions of people as it would account for around 10 percent of all clean energy jobs, researchers have found.

Consumer prices in Indonesia rose 4.35 percent year-on-year (yoy) in June, marking a significant acceleration from the 3.55 percent rate reported for the preceding month.

Eurozone inflation accelerated to another record high in June, official data showed on Friday, as the consequences of the Ukraine war continued to hammer the European economy.

In a meeting with the House of Representatives on Monday, BI deputy governor Destry Damayanti said the central bank was ‘verily concerned’ about inflation and would continue to monitor fluctuations of volatile prices.

The seasonally adjusted index of production at factories and mines stood at 88.3 against the 2015 base of 100, the Ministry of Economy, Trade and Industry said. The decline followed a decrease of 1.5 percent in April.

Speaking at the end of a summit of Group of Seven leaders in Germany, Draghi said it was not necessary for mines to be fully cleared from Ukraine's ports and that "there are corridors" in place to potentially allow cargo ships to operate.

The announcement came on the 124th day of Russia's military intervention in Ukraine, with Western sanctions so far failing to force the Kremlin to change its course.

The number of cold storage installations for the fishery sector is set to rise rapidly this year on increasing online orders for cool delivery and improving seafood production, but industry players need to anticipate rising installation costs.