Prior to the pandemic, mainland Chinese tourists spent more than any other country's tourists when abroad, clocking up a combined US$255 billion in 2019 with group tours estimated to account for roughly 60% of that.

Speaking during a routine cabinet meeting, Jokowi highlighted outsized spending by the country's security agencies including the defence ministry which has been modernising Indonesia's ageing military equipment.

British financial markets came under strain when Finance Minister Kwasi Kwarteng announced US$50 billion of tax cuts and unprecedented support on energy bills without saying how they would be paid for.

The number of domestic visitor arrivals in 2021 fell 49.9% to 66 million compared to 131.7 million the year before.

Survey shows Malaysians' financial habits are unchanged despite the pandemic which has underscored the need for financial literacy.