Parent HDFC Bank, which holds a 94.6% stake in HDB Financial, will sell shares worth 100 billion rupees, the lender said, adding that the price and other details of the proposed IPO will be determined in due course. India’s top private lender HDFC Bank said on Saturday its HDB Financial Services unit will raise up […]
Read MoreBangladesh’s foreign exchange reserves are gradually increasing and stabilizing, said Bangladesh Bank Governor Dr. Ahsan H. Mansur. In an interview with UNB on Sunday, Governor Ahsan H. Mansur said that during the previous government’s tenure, the reserves were decreasing by $1.3 billion (1.3 billion) per month, but now it is returning to a positive trend. […]
Read MoreSri Lanka is set to be removed from the International Monetary Fund’s (IMF) surcharge list of countries, once the multilateral lender’s latest lending reforms come into effect from November 1 of this year. The IMF membership recently reached a consensus on a comprehensive package that substantially reduces the cost of borrowing, while safeguarding the IMF’s […]
Read MoreParliament, on Monday, has approved MVR 114.4 million as next year’s budget for the Auditor General’s Office. The budget was passed as decided by the Public Accounts Committee without any further changes. The Auditor General’s Office’s budget for the coming year needs to be passed ahead of the state budget for that year. At Monday’s […]
Read MoreMongolia conducted trade with a total of 154 countries in the first nine months of 2024, with total foreign trade turnover reaching USD 20.4 billion. Specifically: Exports amounted to USD 11.8 billion Imports amounted to USD 8.6 billion Trade turnover increased by USD 2.3 billion compared to the same period in 2023, with exports growing […]
Read More1.1 billion people worldwide live in extreme poverty, almost half of whom live in conflict-affected countries. This information has emerged in a research report of the United Nations Development Organization UNDP. In addition, this study has revealed that almost half of the world’s people living in extreme poverty are in India. Out of the country’s […]
Read MoreThe Maldivian government has announced the sale of over MVR 4 billion in T-bills as it seeks to manage its cashflow. According to an announcement by the Finance Ministry last week, the government is selling four T-bills worth total MVR 4.27 billion. The T-bills up for subscription are: MVR 1.97 billion T-bill which matures in […]
Read MoreThe Malaysian government has agreed to increase the minimum wage rate from 1,500 ringgit (RM) currently to 1,700 ringgit, with effect from February 1, 2025, said Anwar Ibrahim. While tabling Budget 2025 in the Dewan Rakyat on Friday, the Prime Minister also said that employers with less than five workers will be given a six-month […]
Read MorePolicymakers and business leaders have called for the timely formulation and proper implementation of a better policy to reform the small and medium enterprises (SME) sector to protect the interests of entrepreneurs and the national economy. They voiced the demand today during a discussion titled “Reform of SME Policy-2019 for Sustainable Growth and Innovation,” organised […]
Read MoreChanges in foreign currency assets are caused by the central bank’s intervention in the foreign exchange market as well as the appreciation or depreciation of foreign assets held in the reserves. India’s foreign exchange reserves dropped for a second consecutive week, falling to a one-month low of $690.43 billion as of Oct. 11, data from […]
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