Big firms too dominant in Indonesia, World Bank says
A shortage of mid-sized companies has negative repercussions for employment and competition, according to the global financial institution.
Economic Affairs
US Federal Reserve’s ‘higher for longer’ stance hits Asian currencies
The ringgit, perhaps not surprisingly, also edged lower from RM4.7105 to the dollar on June 20 to RM4.719 yesterday, as the greenback strengthened against most Asian notes…
China vows to further deepen opening-up
Domestic and foreign companies will be treated on an equal footing when participating in various sectors, including in large-scale equipment upgrades and government procurement.
IMF flags nine risks for Bangladesh
The failure to maintain a higher degree of exchange rate flexibility consistent with the new exchange rate regime, and to clear the foreign exchange market and support orderly…
WEF: China stepping up efforts for data reforms
China aims to establish a data property rights system, a circulation and trading system, and a revenue distribution system, said Liu Liehong, head of the National Data…
WEF regards Vietnam as a model of robust developing economy
PM Chinh expressed appreciation for Prof. Klaus Schwab's vision and the significant role of the WEF in promoting global dialogue and cooperation, particularly in public-private…
IMF sets 33 conditions for Bangladesh’s next two loan instalments
The fresh conditions are aimed at helping Bangladesh overcome four persisting challenges: depleting foreign currency reserves, rising inflation rate, lower revenue earnings, and a…
Vietnam doesn’t manipulate currency: US Treasury
Vietnam did not manipulate the rate of exchange between the Vietnamese dong and the US dollar for purposes of preventing effective balance of payments adjustments, or gaining…
Thai economy buffeted by many negative factors, say economists
A decline in purchasing power, ineffective government expenditure, geopolitical risks and household debts could affect the Thai economy during the rest of the year, according to…
Foreigners in Bangladesh remitted $130.6m in first 10 months of FY24
Among them, Indian citizens living in Bangladesh remitted US$50.60 million to their country, according to the Finance Minister.