Indonesia considers changing rules on micro loans

JAKARTA: Indonesia is reviewing rules in a government programme to subsidise micro loans, a senior minister said on Thursday, after the country’s banking regulator signalled it would turn down the government’s request to relax rules on loan restructuring. President Joko Widodo last month proposed reinstating until 2025 a COVID-era loan restructuring policy, which allowed banks […]

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Bangladesh, China agree to increase use of local currency in bilateral trade

Bangladesh and China have agreed to enhance cooperation in financial regulation and encourage increased use of local currency settlement in bilateral trade, according to a joint statement issued after Prime Minister Sheikh Hasina’s three-day official visit to Beijing. Hasina returned home in the early hours of today (11 July) after talks with Chinese President Xi […]

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Sensex at 80,000: Financial articulation of India’s growth will likely continue

It has taken seven months for the Sensex to stride 10,000 points to close beyond the 80,000-mark, a rise of 14 percent. There is no symmetry in this rise, no predictability of where it will go, not even a probability of sustaining. The only forecast anyone can do about the Sensex is that in the […]

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World’s first CNG bike boosts hope for India’s city-gas suppliers

Stock futures point to another subdued day, tracking mixed global cues. Here are some key news and events that are likely to move markets in India. Stock futures point to another subdued day, tracking mixed global cues. The Nifty remains overbought on short-term charts and upward momentum is cooling after the recent record run. Traders […]

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Bangladesh eyes trade with Vizag, Adani Krishnapatnam ports

The visit aimed to explore EXIM (Export-Import) trade opportunities with India, positioning Bangladesh as a third trading partner after Colombo and Singapore, particularly along India’s Eastern Coast. A Bangladeshi delegation is in India seeking to enhance trade relations, which includes improving cooperation with Adani Krishnapatnam and Vizag Port authorities, says Times of India. The visit […]

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Türkiye wants to send Russian grain to Africa: Erdogan

Russia is facing a Western blockade due to Russia’s war in Ukraine. Various countries in the African region depend on this Russian grain. But as free trade has stopped, small economies have faced financial losses in grain imports. In such a situation, Turkish President Recep Tayyip Erdogan said that his country wants to send Russian […]

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Bangladesh Bank report: Foreign debt status decreased by 134 million dollars

After repayment, the status of external debt has started to decline. In the three months from December to March, the external debt position decreased by $1.34 billion. At the same time, short-term debt also decreased by $129 million. However, compared to June of last year, it has increased by 119 million dollars and compared to […]

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