Inflation fears as Nepal banks report large withdrawals ahead of local elections
Observers say elections are like festivals when huge amounts of cash flow into the market.
Economy
South Korea President Yoon says inflation is biggest problem in first meeting
His remarks come as Finance Minister Choo Kyung-ho on the same day outlined price stability as a top priority policy task.
Sri Lanka’s economy will collapse if no new govt in 2 days: Central bank chief
He said political stability was vital to implement the reforms needed to address Sri Lanka's snowballing debt crisis and the acute shortage of foreign exchange to import…
Soaring food, fuel ramp up social unrest risk for emerging markets: Report
The report also found that more than 50 percent of the countries covered by the index have experienced an increase in civil unrest since the pandemic hit.
Jokowi arrives in US for Asean summit with Biden
The Indo-Pacific Economic Framework, which Biden first proposed last year, is expected to be broached at the US-ASEAN summit.
Bangladesh not eligible for US funds due to labour rights concerns
Cited concerns include the ability of workers to associate, the freedom of association and to form unions, to have those unions be able to operate in an unhindered fashion.
Federal Reserve’s rate hikes are driving US dollar gains and fuelling inflation elsewhere
Higher interest rates divert investments towards higher-yielding bonds, which in turn create a dollar shortfall for everything else.
China’s central bank steps up support for real economy
Under the mechanism, banks are encouraged to adjust their deposit rates based on interest rates in the bond and lending markets.
Nepal’s revenue collection hit by import curbs amid falling foreign exchange reserves
Nepal’s revenue is heavily dependent on imports with the government aiming to collect over half of the total targeted revenue from customs offices.
China unveils five-year plan for bioeconomy
According to the plan, China will take steps to boost biotechnological innovation and accelerate the development of healthcare, bio-agriculture, bioenergy and biological…