Authorities increased the amount of debt local governments are allowed to raise through special bonds by 6 trillion yuan ($836 billion) over the next three years. China unveiled a 10 trillion yuan ($1.4 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, but officials refrained from announcing direct […]
Read MoreTaliban supreme leader Hibatullah Akhundzada recently issued a decree. Which will help establish central control over Afghanistan’s military assets. The purpose of issuing this decree is to prevent the unwanted distribution of weapons left by the United States. This step indicates a significant change in the Taliban’s internal security management. This decree has effectively limited […]
Read MoreThe remittance inflow for the same period in October was $739.8 million, indicating a decrease in this November’s remittance figures. Bangladesh received remittances totalling $655 million in the first nine days of November, according to the latest report of the Bangladesh Bank. This amounts to an average daily inflow of around Tk72.8 million in foreign […]
Read MoreChina has unveiled an ambitious plan to relieve public debt, aiming to turn local governments away from belt-tightening practices that have exacerbated a domestic downturn. Policymakers gathered in Beijing this past week approved a proposal to swap six trillion yuan ($840 billion) of hidden debt belonging to local governments for official loans with more favourable […]
Read MoreRMG orders are increasing as economies in major export destinations recover and previously shifted orders return, now that the situation has stabilised. Bangladesh’s merchandise exports experienced positive growth for the second consecutive month, increasing by 20.6% year-on-year in October, primarily driven by readymade garment shipments despite production disruptions from prolonged labour unrest. According to data […]
Read MoreFor almost two and a half years, many countries in the world’s major economies have brought inflation rates under control by increasing central bank policy interest rates. As a result, they have started reducing policy interest rates. Many countries have already reduced policy interest rates by one point. They have announced to reduce them by […]
Read MoreThe US Special Inspector General for Afghanistan Reconstruction (SIGAR) has addressed issues such as governance, the Ministry of Vice and Virtue’s laws, international relations, and security in Afghanistan in its quarterly report. Quoting the Washington Institute for Near East Policy, SIGAR reportes that over the past three years, officials of the Afghan interim government have […]
Read MoreCurrent account deficit shrinks 93% in Jul-Sep, thanks to remittances Remittances from August to October totalled $7.03b, up from $4.9b in the same period last year, marking an increase of $2.13b or 43% since the interim government took office. Thanks to the surge in remittance inflows, Bangladesh’s current account deficit, a key component of the […]
Read MoreChina unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, as it faces fresh pressure from the re-election of Donald Trump as U.S. president. The measures confirm last week’s Reuters report, and mark a departure from the all-out stimulus strategies to revive […]
Read MoreSri Lanka has recorded an 11.7% increase in workers’ remittances from January to October 2024 compared to the same period in 2023, according to latest figures released by the Central Bank of Sri Lanka (CBSL). The cumulative figure for the period from January to October 2024 stands at USD 5,431.5 million, reflecting this significant growth. […]
Read More
