Latest news and articles about rising costs from NEX English
Old School Delights in Esplanade announced its permanent closure effective June 8, citing rising operational costs and a decline in customer numbers as the main reasons. This decision reflects the significant challenges facing the restaurant sector.
Jollibee Foods Corp, the largest fast-food chain in the Philippines, experienced a significant profit drop of <strong>39%</strong> in the first quarter of the year. This decline is attributed to rising operational costs, prompting the company to reassess its strategies and spending plans.
Iranian companies are facing escalating challenges due to rising operational costs stemming from the ongoing war. Economists predict that these pressures will worsen in the near future.
Bangladesh faces escalating economic challenges due to disruptions caused by the Iranian war, leading to rising costs and income loss for many citizens. These crises necessitate a swift response from the government and the international community.
McDonald's has exceeded financial expectations, but rising meat and energy costs are hindering cash flow for franchise owners. This situation raises concerns about profit sustainability amid current economic conditions.
Maruti Suzuki, one of India's largest car manufacturers, announced a decline in its profits for the fourth quarter, falling short of analysts' expectations. This downturn is attributed to rising costs and supply chain pressures impacting profit margins.
The US-Israeli war on Iran is driving up global costs, leading to a reduction in humanitarian aid at a time of increasing need. Jan Egeland, Secretary General of the Norwegian Refugee Council, warns that rising energy prices hinder essential relief operations.
The Indian real estate market is experiencing a notable decline due to rising construction costs and buyer apprehension. Developers warn of potential price increases if global uncertainty persists.
The Singapore government has allocated <strong>$500</strong> in CDC vouchers for citizens, to be distributed in <strong>June 2026</strong> instead of <strong>January 2027</strong>, aimed at supporting families amid rising living costs.
The Malaysian Ministry of Agriculture and Food Security is reviewing proposals to enhance the fuel subsidy for fishermen, responding to community concerns over the daily limit of <strong>50 liters</strong>. This initiative comes as fishermen face increasing operational costs and the impact of the global energy crisis.
DoorDash has announced a new financial assistance program for its delivery drivers, known as 'Dashers', amid rising fuel prices due to political tensions between Iran and the United States. This decision comes at a time when drivers are struggling with the economic impacts of increasing fuel costs.
Malaysian Prime Minister <strong>Anwar Ibrahim</strong> announced the postponement of several major development projects due to soaring costs linked to ongoing conflicts in West Asia. However, initiatives benefiting the Malaysian people will continue.
The Songkran celebrations in Thailand, the largest annual water festival, are witnessing a notable decline in spending this year as rising costs impact consumers. The festivities are expected to be quieter compared to previous years.