China’s economic slowdown temporary: National Bureau of Statistics
China's economy is likely to rebound gradually with the government's effective measures to contain COVID-19 outbreaks and step up policy support, NBS said.
Economic Affairs
Philippines’ debt now 63.5 percent of GDP
The elevated debt-to-GDP level could put the country’s investment-grade credit ratings at risk, while putting pressure on the government’s narrower fiscal space.
FDI spikes in China from Jan-April 2022
Foreign direct investment totaled $74.47 billion during the four-month period, up 26.1 percent on a yearly basis.
Soaring food, fuel ramp up social unrest risk for emerging markets: Report
The report also found that more than 50 percent of the countries covered by the index have experienced an increase in civil unrest since the pandemic hit.
Bangladesh not eligible for US funds due to labour rights concerns
Cited concerns include the ability of workers to associate, the freedom of association and to form unions, to have those unions be able to operate in an unhindered fashion.
Federal Reserve’s rate hikes are driving US dollar gains and fuelling inflation elsewhere
Higher interest rates divert investments towards higher-yielding bonds, which in turn create a dollar shortfall for everything else.
China’s central bank steps up support for real economy
Under the mechanism, banks are encouraged to adjust their deposit rates based on interest rates in the bond and lending markets.
Nepal’s revenue collection hit by import curbs amid falling foreign exchange reserves
Nepal’s revenue is heavily dependent on imports with the government aiming to collect over half of the total targeted revenue from customs offices.
China unveils five-year plan for bioeconomy
According to the plan, China will take steps to boost biotechnological innovation and accelerate the development of healthcare, bio-agriculture, bioenergy and biological…
Cambodia’s Jan-Apr rice exports exceed half a billion dollars
Milled rice exports amounted to 221,138 tonnes, while paddy exports totalled 1,648,474 tonnes in the first four months of 2022.