Indonesia delays launch of JETP investment plan for public review
A statement from the office cited a need for more time to devise “a technically credible pathway for Indonesia’s power sector transition” as a reason for the delay,
Finance
Rupee extends losses against dollar, falls by Rs3.42 in interbank
According to experts, the dollar saw the rise due to imports opening up gradually and the letters of credits retiring.
Chan: Hong Kong GDP growth seen slowing down in Q2
Financial Secretary Paul Chan Mo-po expects Hong Kong’s GDP growth to have slowed in the second quarter, although the overall economy remains on a path to recovery.
Pakistan seen hiking rates again on IMF guidance: Analysts
Most analysts believe the rate increase would be done largely to satisfy the IMF’s criteria.
IMF sees Nepal’s economic growth rebounding this fiscal year
The IMF said that in Nepal, inflation is expected to recede, and the external position would continue to strengthen this fiscal year.
Australia pledges more aid to sustain Cambodia’s growth
Australia plans to provide an estimated $A83.6 million in official development assistance to Cambodia in 2023-24.
China unveils measures to boost private investment
The measures came after China unveiled a guideline to promote the development of the private sector.
Pakistan receives $2 billion from Saudi Arabia: Ishaq Dar
Saudi Arabia had already pledged the money to Pakistan and waited for the much-awaited IMF deal to be announced before depositing it.
Fitch upgrades Pakistan’s rating citing ‘improved external liquidity’
The agency noted some issues had held up the last three reviews of Pakistan’s previous IMF programme.
$190 million ADB loan to Bangladesh for upgrading rural roads
The latest loan will further extend improvement of another 1,350 km of rural roads.