GDP a misleading measure of development
The writer says in order to measure real development, we need to take into account the qualitative aspects, rather than focusing on quantity only.
economy
Economic storm looming, biz and govt leaders warn in Davos
The International Monetary Fund cut its global growth outlook for the second time this year, citing the conflict in Ukraine and singling out inflation as a "clear and present…
Indonesia’s policy uncertainty hampers resumption of palm oil exports
The world's biggest palm oil producer had halted exports of the commodity from April 28 in an attempt to bring down soaring local prices of cooking oil, rattling global edible oil…
Bangladesh taka weakens further
As the shortage of the greenback has already created an instability in the forex market, the central bank has been trying to bring back discipline by depreciating the local…
Key to tackling impact of pandemic, Ukraine war: Act fast, act in unison
Bangladesh PM Sheikh Hasina laid out five proposals to strengthen regional cooperation in a message at the Economic and Social Commission for Asia and the Pacific of the UN.
Korea to build reciprocal supply chain for chips, batteries in Indo-Pacific
“The launch of the Indo-Pacific Economic Framework is a first step in demonstrating the will of solidarity in a rapidly changing economic environment,” President Yoon said.
Unified domestic market is the world’s delight
Experts says a unified domestic market featuring efficient production to consumption practice is conducive to boosting China's supply chains in the global arena
Malaysia’s cabinet to discuss high cost of living, chicken supply
The Malaysian PM also said the government would also look at abolishing other Approved Permits to address the issues of food supply and prices.
Global measures to tackle inflation may cause recession, but must be taken: PM Lee
The Singapore Prime Minsters also said that central banks have been forced to tighten their monetary policy as inflation has risen, which may negatively affect economic growth and…
Thailand ready to boost trade with Russia to $10 billion: Russian economic development minister
He also said Thailand was also working on finalising its free trade agreement with Eurasia, comprising Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan.