Bangladesh Bank updates environmental, social risk management guidelines
According to the guideline, a third-party environmental and social impact assessment will have to be conducted for financing in all infrastructure projects.
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South Korea braces for ‘perfect storm’ in the financial market
The concerns come as the US Federal Reserve’s aggressive rate hikes, a strong dollar trend, high inflation and ongoing global supply chain bottlenecks rattle the Korean market.
US recession will drag Asia’s growth but the region may avoid a sharp downturn, analysts say
Asian economies, including Singapore, could get more help from a possible counter-cyclical economic recovery in China and the low interest rate policy in Japan that favours growth…
Air tickets set to keep climbing from pandemic low: Experts
With the sector still mired in the red despite movement restrictions being largely lifted, the bargain bonanza for passengers is very much over.
The world wants Indonesian rice, but that could prove difficult
Indonesia is the world's third-largest rice producer, after China and India, according to World Economic Forum data from 2019, but the country uses most of its stock to secure…
World Bank warns of downside risks to Indonesia’s GDP
The government projects 2022 growth at 4.8 to 5.5 per cent and 2023 growth at 5.3 to 5.9 per cent, while the Organization for Economic and Cooperation Development sees domestic…
Japan’s video game giants profit from back catalogs
A major reason for older titles’ continuous good sales is the shift from brick-and-mortar retail to downloading.
Cryptocurrency rout nowhere near the end, say analysts
The vast majority of operators, brokers, lenders and investors in cryptocurrencies are unregulated, with no key prudential tools against uncontrolled capital flights from crypto…
Air passengers to reach 83 percent of 2019 levels this year: IATA
The air industry was sent reeling by the pandemic, with passenger numbers plunging 60 percent in 2020 and remaining 50 percent down in 2021. Airlines lost nearly $200 billion over…
Markets headed for more volatility as inflation bites
Bond markets look jittery, while the crypto market has been savaged. Bitcoin has lost two-thirds of its value since it hit a US$70,000 high seven months ago.