China implements biggest mortgage rate cut on record
The 25-basis-point cut marks the biggest cut since the over-five-year loan prime rate served as an interest rate benchmark in 2019.
Economic Affairs
China ready to unleash growth potential
The Chinese economy will grow beyond 5 per cent this year if the government adopts more proactive fiscal and monetary expansion to stimulate domestic investment and consumption,…
Japan’s ‘digital deficit’ swells to ¥5.5 trillion in 2023
The balance of digital payments is the difference between payments made by Japanese companies and others to foreign providers of digital-related services and the amount Japanese…
India to allow onion export to Bangladesh on limited scale
The five other countries to which export has been permitted are Nepal, Bhutan, Bahrain and Mauritius.
Pakistan’s debt profile ‘alarming’, borrowing and spending habits ‘unsustainable’: report
The report said that since 2011, Pakistan’s external debt had nearly doubled while the domestic debt had increased by six-fold, of which the country would need to pay back an…
China’s tourism industry hits record highs over Spring Festival holiday
The ministry said on Sunday that the domestic tourism market saw 474 million trips during the holiday, up 34.3 percent year-on-year. The number marked a 19 percent increase…
Tax evasion by the rich is setting Bangladesh back as a nation
The paper says that government has, for a long time, failed to increase its tax revenue that, added with the ongoing economic crisis, has eroded its fiscal space.
Indonesia to import rice from Thailand to fight shortages, rising prices
Buyers have been complaining this year about the scarcity of rice at both traditional and modern markets and the accompanying higher prices.
Indonesia expects to see foreign inflows following Prabowo’s one-round win
The Indonesia Stock Market Composite index reacted to the news positively, rising to 7,303 at closing time on Thursday, 1.3 percent higher than Tuesday’s close.
China’s central bank adds liquidity via reverse repos, MLF
The People's Bank of China injected 500 billion yuan ($70.39 billion) into the market through one-year MLF with an interest rate of 2.5 percent.