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.
Finance
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.
Global semiconductor firm to invest US$200 million in Philippine expansion plans
Marcos Jr. welcomed the expansion plans and thanked the company for its continued trust and investments in the country.
PM seeks long-term US partnership to build Smart Bangladesh
"We shall need support to increase our global competitiveness and expand the export base", Prime Minister Sheikh Hasina stated.
Asean needs $3.7 trillion to sustain growth and fight climate change: ADB
In a region where 92 per cent of all social infrastructure development is financed by public resources, private capital will be needed to bridge the financing gap.