Bangladesh’s per capita income rises to $2,824
The per capita income in Bangladesh rose by 9 per cent year-on-year in 2021-22, according to data of Bangladesh Bureau of Statistics.
Economy
The ‘R’ word is coming into play: Why recession risks are rising in major economies
If stock markets continue to tank, which experts suggest is highly probable, this will lead to the usual snowballing effects that take hold during bear markets.
Agriculture Ministry issues water plan as rainy season looms in Thailand
The rainy season will last from mid-May to mid-October, according to the Thai Meteorological Department.
Soybean oil crisis: Bangladesh govt cracks down on hoarders
Some traders had illegally stockpiled the edible oil creating an artificial crisis and many of them were caught when they started selling off the oil at higher prices.
Long queues for petrol stations as fuel crisis hits Laos
Petrol stations are limiting customers to a maximum 500,000 kips ($40), which buys less than 30 litres of fuel.
Malaysia’s oil palm plantations at breaking point
Many plantation companies have been waiting in vain for the arrival of foreign workers since late last year, the onus falling on the companies to start sourcing for their estate.
Price hike, inflation and consumption
The paper says government efforts should be concentrated on employing long-term strategies to substitute imports.
Hong Kong economy shrinks 4% in 1st quarter
Economic activities were hard hit by the fifth wave of the local epidemic.
China’s food industry sees steady Q1 growth in production, sales
The value-added industrial output of the agricultural and sideline food processing sector rose 6.4 percent year-on-year, while that of the food manufacturing sector climbed 6…
Be prepared for economic challenges ahead, says PM Lee
Global growth will be weaker, and there may be a recession within the next two years, he warned, calling on people to be prepared to face up to the realities.