Sustained tensions with India can hit Pakistan’s economy: Moody’s
Escalating tensions with India could pose a significant threat to Pakistan’s already strained economy. Comparatively, the macro-economic conditions in India would be stable with…
Economic Affairs
Indonesia courts Bill Gates for sovereign wealth fund board to anchor philanthropy push
The Gates Foundation has pitched a strategic collaboration with Danantara Trust, the philanthropic arm of Indonesia’s state asset fund, which is being set up to manage…
South Korean won climbs on softer US tariffs, Taiwan currency surge
The won's appreciation is partly the result of the record rally of the Taiwanese dollar. The Taiwanese currency surged 5 percent on Monday, marking its biggest gain since 1988, as…
China’s tourism market sees surge during May Day holiday
Destinations with strong cultural vibes or well-preserved ancient Chinese architecture, such as Tengchong in the southwestern province of Yunnan and Xixian in Shanxi, are favored…
China’s central bank cuts interest rate as US tariffs threaten economy
People’s Bank of China Governor Pan Gongsheng announced Wednesday that the lending rate to commercial banks would be reduced by 0.25 percentage points to 1.5 percent.
Investors, hoteliers left waiting as flights vanish from Nepal’s Bhairahawa airport
Local businesses fear financial collapse as billions in investments tied to the airport bring no return.
Malaysia’s small businesses see red over plan to extend visa-free scheme for Chinese visitors
Fear of the newcomers is also fuelled by their “neijuan”, or overcompetitive attitudes, honed by tougher operating conditions in China.
Indonesia’s GDP growth drops below 5% in President Prabowo’s first quarter
The Ramadan boost failed to significantly jack up consumer spending, investors fretted about global uncertainty, and government spending contracted.
Bangladesh won’t allow cattle import this Eid: adviser
No cattle will be allowed entry illegally, the Fisheries and Livestock Adviser said at a press conference on the demand and supply of animals for the Eid-ul-Azha, which is…
Philippines airs business concerns to US in tariff talks
Special Assistant to the President for Investment and Economic Affairs Frederick Go, who led the Philippine delegation, said the talks “went very well,” emphasizing that the…