China 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 MoreBhutan Computer Incident Response Team has recorded over 100 scam cases in recent years, with some falling victim to financial losses, defamation, and extortion. This is according to the National Cybersecurity Strategy 2024-2029. As the country embraces digital transformation and shifts more services online, the rapid adoption of technology has also heightened its vulnerability to […]
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 MoreDophum, a 42-year-old farmer from Guma gewog in Punakha, planted Kamtey rice this season. She plans to switch to high-value varieties like Tan-Tsering and Nabja next year. This shift is encouraged by an aggregation programme launched by Farm Machinery Corporation Limited (FMCL) yesterday at Dzomlingthang in Guma gewog. The programme aims to strengthen Bhutan’s agricultural […]
Read MoreKarachi residents on Tuesday staged protests after they faced 12 hour power outages and water supply cuts on a daily basis, The Express Tribune reported. They also pointed out that both scheduled and unscheduled load-shedding have significantly disrupted the region’s water supply. Despite filing numerous complaints with the Water Corporation about the power outage schedule, […]
Read More
