Remittance rises 32% in May in Bangladesh
Industry insiders said remittance inflow increase ahead of Eid-ul-Azha as the country's migrant workers typically send more money home ahead of the major religious festival for…
Economic Affairs
Essentials now luxuries as poor Bangladeshis reel from price shock: Centre for Policy Dialogue
Bangladesh has been experiencing higher inflation for nearly two years, exceeding inflation rates in many developed and developing economies. The burden falls heavily on poor and…
Philippines lags behind flock of ‘Asian geese’
A recent report says that the Philippines and Indonesia do not appear to be the first choice for global companies looking for new production bases elsewhere, despite being among…
Philippines moves closer to being “upper-middle income”: HSBC Global Research
The shift to spending more on nonessentials was expected as the country is working on its goal to become an upper-middle income economy, said Aris Dacanay, an economist at HSBC.
Railway off track in Bangladesh
A whopping Tk 1.22 trillion (US$10.4mil) was poured into Bangladesh Railway for its development over the last 16 years, but the agency still faces a crippling crisis brought by…
Thailand’s public debt dangerously close to ceiling, expert warns
Public debt soared from 41-42% in 2019 to 62.4% in 2023, driven up by government relief measures during the pandemic. Economists say the government’s plan to borrow 500 billion…
Malaysia secures RM9.4bil Google investment
Four weeks after Microsoft unveiled its US$2.2bil investment in Malaysia, Google has pledged to invest RM9.4bil (US$2bil) that includes a hyperscale data centre to be built by…
‘Demolition of my life’: Chronicling the horrors of forced evictions in Pakistan
Mass forced evictions violate a range of human rights including adequate housing, standard of health, education, social security, security of person, and freedom from cruel…
Rayong’s U-Tapao International Airport slated to host Formula 1 race
The government estimates that hosting an F1 event in Thailand could attract up to 300,000 local and foreign motorsport enthusiasts, generating more than 12 billion baht in income…
Pakistan is in a debt trap where it must borrow more to pay back its existing debt: Dawn
Pakistan’s debt stock has grown exponentially in recent years. So have debt payments, putting pressure on the budget. With the government running an unsustainably high fiscal…