Cash assistance for Cambodia’s poor continues
Launched in 2020 by Prime Minister Hun Sen to counter effects of the economic downturn due to the Covid-19 pandemic, the cash transfer programme is now in its ninth renewal period.
ECONOMIC AFFAIRS
Pressure on forex reserves: Bangaldesh exploring loan of up to $4.5 billion from IMF
Even though imports are slowly contracting, the elevated inflation levels around the world mean the odds of a slowdown in both remittance inflows and export orders are high.
Bankrupt Sri Lanka seeks discounted Russian oil
The government meanwhile extended a two-week closure of non-essential state institutions until further notice in order to save fuel, maintaining only a skeleton staff to provide…
China to enhance legal protection of farmlands
China’s Ministry of Natural Resources has stated that existing regulations, such as the prohibited non-agricultural use of arable land, will be elevated to law.
Bangladesh slashes rice import tariffs to 25%
The move comes in the wake of a spike in the price of rice even during peak harvesting season amid speculation of crop losses from floods and unfavourable weather.
Malaysian government to retain original cooking oil subsidy
However, additional subsidised cooking oil supplied during the movement control period will be removed.
PM Shehbaz says IMF doesn’t trust Pakistan due to PTI govt reneging on agreement
The premier said the terms of the agreement with the IMF had been decided, expressing the hope that matters would be settled within the next few days.
More cash aid for Malaysia’s B40 group
The move will benefit over 8.6 million people, comprising four million households, 1.2 million senior citizens, and 3.4 million single individuals.
Malaysia surpasses target of two million tourist arrivals: Tourism minister
Earlier this year, Datuk Seri Nancy Shukri said Malaysia expected to have two million international tourist arrivals this year with RM8.6 billion in tourism receipts following the…
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…