Economy
Republicans in swing states back Trump’s Iran campaign but fret over gas and farm costs
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About a month after the United States began military operations against Iran, some Republican organizers in battleground states say they continue to support President Donald Trump’s decision while warning that higher gasoline prices and rising farm input costs are fueling voter irritation ahead of the 2026 midterm elections.
South Korean asset management firms' combined net profit for 2025 surged 67 percent to 3.01 trillion won. Preliminary data from the Financial Supervisory Service attributes the rise mainly to increased commission income. Assets under management also grew significantly.
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Malacañang has acknowledged the efforts of local government units and the private sector to mitigate the effects of the Middle East crisis, particularly on vulnerable groups. Executive Secretary Ralph Recto highlighted initiatives like boosting fuel supplies and providing free transportation. He described these as a synergy ensuring the nation's energy security amid external pressures.
The Tea Association of India (TAI) has urged the poll-bound Assam government to address concerns over an amended law granting land rights to plantation workers in tea estates. At the 37th biennial general meeting of the association's Assam branch, president Shailja Mehta welcomed the intent but highlighted administrative and legal complexities. She called for compensation on mortgaged lands and worker housing.
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In Manila, Senator Erwin Tulfo has urged the government and private sector to revive work-from-home (WFH) arrangements to help employees cope with mounting transportation costs from rising pump prices. Business groups expressed openness to WFH but noted that not all enterprises can implement it.
The Common Market for Eastern and Southern Africa (COMESA) has unveiled its Investment Map, an interactive digital platform presenting 180 nationally endorsed investment opportunities across seven priority sectors. The launch occurred at the COMESA Investment Forum 2026 in Nairobi, with participation from all 21 member states.
Reported by AI
Prime Minister Mostafa Madbouly held a high-level meeting at Obour Wholesale Market on Saturday to review food supply conditions, market operations, and government efforts to stabilise prices. He stressed the centrality of developing wholesale markets to regulate commodity flows and ensure price stability. Cairo Governor Ibrahim Saber noted the market has cut post-harvest losses to 3-5%, saving EGP 1.2 billion annually.
Malmö restaurateur criticizes food VAT cut favoring big chains
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