Bangladesh can be the next outsourcing destination: PwC
PwC Bangladesh, in its analysis of Bangladesh as an investment point, said the country is striving to enhance its exports on all fronts.
Finance
Foreign minister Momen urges US to import more medicines from Bangladesh
He said that in many countries, the production costs and the prices of medicine are very high, therefore they can have a comparative advantage.
Japan, US, Australia to lay undersea cable to support Pacific island nations
The three countries will pour a total of around $95 million dollars (¥13 billion yen) into the project.
Over 53 billion yuan of deals inked at cultural, tourism expo in Tibet
The expo is one of the most important events on Tibet's cultural calendar.
Pertamina to pay for half of Shell’s Masela stake this month
"It is like a down payment, a sign of [Pertamina's] seriousness", Minister Arifin Tasrif said.
Bank of Korea heeds possibility of US rate hikes later this year
The US Federal Reserve has waived interest rate increase but signalled that two more rate hikes are on the way, the central bank said.
Bangladesh Bank frames rules for setting up digital banks
Under this new framework, digital banks will not be allowed to provide any service to clients directly through physical counters.
People’s Bank of China cuts rates to boost growth
The central bank lowered interest rates for seven-day reverse repurchase agreements to 1.9 percent from 2 percent, among other adjustments.
S’pore’s GDP growth forecast for 2023 dips to 1.4%: MAS survey
One key factor cited was that bank loan growth will slow to 0.5 per cent, well down from the estimate of 1.3 per cent made in March.
Marcos hands out P50 million in employment aid to Mayon evacuees
Marcos Jr. personally distributed cheques for the emergency employment of thousands who were displaced by Mayon Volcano’s restiveness.