Banks asked to convert export proceeds into taka immediately
Many exporters sell their export proceeds to banks that offer the higher rate. However, the instruction given on May 31 by Bangladesh Bank will put an end to the practice.
Policy Matters
China makes all-out efforts to prop up foreign trade
Apart from increasing fiscal and financial support for foreign trade enterprises, the country will also seek to bolster cross-border e-commerce.
New, higher taxes pitched to incoming Marcos Jr. admin to repay Duterte’s Covid-19 debts
As of the first quarter of 2022, the debt-to-gross domestic product ratio stood at 63.5 percent, the highest since 2005.
Waiting for China’s turnaround
With other major economies weakening and even threatened with recession, China's economic recovery and return to sustained growth can make a big difference to the global economy,…
IMF presses Pakistan on ‘urgency’ of removing fuel and energy subsidies
The International Monetary Fund said considerable progress was made on the country’s need to address its high inflation rate and the elevated fiscal and current account…
Competition Commission investigation will cover all in the poultry industry: Minister
The Malaysia Competition Commission will conduct investigations of allegedly engaged in anti-competitive agreements and/or abuse of dominant position to influence market prices.
Malaysia places temporary export ban on chickens
Beginning June 1, the export of chickens – now numbering 3.6 million a month – will be stopped until the price and supply stabilise.
India govt cautions restaurants against forcing consumers to pay service charges
Consumers are also being falsely misled on the legality of such charges and harassed by restaurants on making a request to remove such charges from the bill amount.
Vietnam’s Deputy PM offers WEF solution to avert global food crisis
He also called on countries and international organisations to collaborate with Vietnam to come up with measures to respond to climate change.
Pakistan finance minister rules out removal of fuel, energy subsidies ahead of IMF talks
The IMF has made the resumption of its programme with Pakistan, along with a $2 billion expansion, conditional on the reversal of these subsidies.