Hong Kong strives to become a full-fledged global finance center
Among various segments of the bond market, Hong Kong hopes to become the Asian green finance hub, connecting overseas capital to support the nation’s objective of transiting…
ECONOMIC AFFAIRS
Vietnam to develop ‘independent and self-reliant economy’: PM
Prime Minister Phạm Minh Chinh saidd the country was facing several challenges, including the risk of high inflation in addition to the significant impact of the COVID-19…
Indonesia’s finance ministry expects to see 5% GDP growth in Q2
The Deputy Finance Minister said this was a result of strong spending levels due to eased mobility restrictions, improved investment growth, stronger net exports, among others.
Indonesia’s inflation rises to nearly five-year high
The food, beverage and tobacco spending group was the largest driver of monthly inflation in May with a 0.20 percentage point contribution.
Draft of Japan’s economic, fiscal reform policy hints at 2% increase in defense spending
Defense outlays total about ¥5.4 trillion in the fiscal 2022 budget, or about 0.96% of Japan’s GDP. If this were to be raised to 2% of the GDP, it would reach about ¥11…
‘Revenge spending’ seen going for simple pleasures as Shanghai reopens
Though Shanghai will inevitably see retail bounce-back, it will be coming off a low baseline, with retail spending in April plummeting 48.3 percent year-on-year.
Hiking rice prices in Bangladesh: Hoarders of every hue in it
According to the Trading Corporation of Bangladesh, the prices of coarse and fine rice increased by 5.38 percent and 3.17 percent in just a week.
Wealth distribution toned down in Japan’s government policy drafts
The new capitalism action plan instead emphasizes investment in people, including skill development and job search support for approximately one million people.
US dollar crunch: Many banks fail to follow Bangladesh Bank exchange rates
The central bank has so far supplied a record $5.95 billion to the foreign exchange market this fiscal year tocool it off.
Pakistan open to buying Russian oil if no threat of US sanctions: Minister
However, Finance Minister Miftah Ismail remarked that he did not think it was possible for Pakistani banks to make arrangements to buy Russian oil.