Cryptocurrency crashes take a mental toll on young investors
From depression to suicidal thoughts, crypto crashes could have serious consequences for youth who have pinned hopes on risky assets.
Economic Affairs
Demand for premade dishes surge in China as cities switch to stay-home status
From April 24 to May 15, overall sales of premade dishes in Beijing increased more than 50 percent compared to the same period last month.
Dollar exchange rate shoots past Tk 100 for the first time in Bangladesh
The central bank has so far injected a record $5.31 billion in the current fiscal year to lessen the US dollar shortage faced by banks.
Cambodia’s sovereign bonds debuting in 2022: Minister
They will serve as a new financial instrument for institutional investors, insurance companies and banks.
Car loan interest rates in S’pore rise to average of 2.28% after US Fed’s biggest rate hike in 22 years
In the past two years, car loan interest rates have generally not breached the 2 per cent mark.
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.
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.