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.
Finance
China leads aid donors in Southeast Asia, Indonesia to benefit from it
China has focused its disbursements of funds on Laos and Cambodia, besides South-East Asia’s largest economy, Indonesia.
Thailand ready to offer help, Prayut tells Sri Lankan PM
Gunawardena has asked Prayut to invest in the “Port City Colombo” project, saying Sri Lanka can profit from Thailand’s expertise hospitality.
IMF reaffirms HK’s status as major global financial hub
“The Linked Exchange Rate System continues to function smoothly, providing a solid anchor to the economy and the financial system", it said.
Moody’s downgrades Bangladesh’s credit rating
Such type of downgradation means the local businesses will have to pay more to settle their global trades.
Poland, Cambodia waive diplomatic visas
Both sides are also committed to strengthening bilateral relations in both trade and investment.
Pakistan ‘will absolutely not default’, asserts finance minister
Dar’s remarks comes amid growing fears of default, propelled by the country’s declining remittances and foreign exchange reserves.
Good governance attracts foreign investors, boosts revenue: PM Anwar
He noted that in the six months that the government has been in power, it has provided the highest amount of aid in the history of the country.
Bill requiring financial literacy training for OFWs pushed in Senate
The move is aimed at equipping overseas Filipino workers against investment scams and other online frauds.
China’s forex reserves hit 14-month high
The amount has marked the highest level for China since February 2022, when the reading came in at $3.2138 trillion.