Pakistan ‘very hopeful’ of sealing IMF deal this month: PM Shehbaz
Islamabad has been negotiating with the IMF since early February for the release of $1.1 billion, part of a $6.5 billion bailout package inked in 2019 by the previous government…
Economy
Tax reform can unleash Thailand’s ‘massive’ potential: World Bank
The reform can lead to banks investing in people to ensure Thailand moves from a middle-income to a high-income country, the institution said.
China’s financial market opening-up gathers steam
Since the launching of Shanghai-Hong Kong, Shenzhen-Hong Kong stock connect schemes, accessibility of their equity market has greatly improved.
Calls mount for sea sand export from Indonesia to be dropped
The Indonesian Forum for the Environment has warned that the regulation would threaten the livelihoods of fishermen and coastal communities.
Asia-Pacific turns to multi-alignment
According to an article, pressure on countries from the US to "de-risk" their economies paints a picture of a region divided into two camps.
Inflation slowed down further in May: Philippine central bank
The midpoint of the forecast range — 6.2 per cent — suggests that the authorities expects inflation to have eased further from the 6.6 per cent print in April.
60% of smaller companies boost salaries in Japan
However, only a little more than 30 per cent of the companies that raised their wages did so due to their improved performance.
Per capita income will be $12,500 in Smart Bangladesh: Finance minister
Finance minister AHM Mustafa Kamal also said that less than 3 per cent of people of Bangladesh will be below the poverty line and extreme poverty will be reduced to zero by then.
New tax measures for Bangladesh: Relief for rich, burden on low-income people
A large portion of the population will have to pay the minimum tax, despite earning less than USD 3000 a year.
Pakistan’s annual inflation in May reaches record level of 37.97%
The finance ministry attributed the potential reasons for the rising price levels to flood damages, disruptions in supply chains, devaluation brought by the macroeconomic…