Red Sea conflict impacting shipping lanes, costs rising
An industry expert said that there was no predicting when costs would fall again, with the Red Sea conflict continuing unabated, and warned that it is likely shipping fees will…
Economy
Modi government opts for pragmatism over populism in interim budget ahead of elections
In the interim budget – which will tide the government over till elections scheduled to be held by May 2024 – Finance Minister Nirmala Sitharaman announced an increase in…
Korea sees 50 trillion won tax shortfall
It is the third-straight year for the government's tax revenue evaluation to have missed the mark with a double-digit error rate. The error rate stood at 21.7 percent in 2021 and…
Economic growth slowed in 2023, missed gov’t target
Despite inflation easing back to within the government’s 2 to 4 percent target range in December last year, the central bank says it deems it necessary to “keep monetary…
Low-income Hong Kong residents to get govt MPF contribution from ’25
The Hong Kong Monetary Authority and the Mandatory Provident Fund Schemes Authority have already put in place a mechanism to earmark a certain proportion of government green bonds…
More steps needed to contain inflation durably: IMF official
The new monetary policy included an array of measures to bolster the fight against inflation, including hiking the policy rate by 25 basis points to 8 percent, and cutting the…
After metro rail, Dhaka’s buses should be the next megaproject
Implemented correctly and supplemented with human-scale pedestrian and bicycle facilities, a mass transit ecosystem that consists of buses and metro rail working in tandem could…
Ruling against Move Forward won’t affect economy: Bank of Thailand
Bank of Thailand spokesperson Chayawadee Chaianant said that throughout Thailand’s political history, no major political events had significantly affected people’s fundamental…
Thai banks take action to help 6.1 million accounts settle debts
TBA president said that the association’s members have been helping debtors who have been having trouble repaying their debts since the Covid-19 pandemic.
Bangladesh’s power purchase supercharges Adani revenue
In November 2017, Bangladesh inked a deal with Adani Power Jharkhand, to import electricity amid criticism from analysts that the deal would benefit the Indian company more.