Elephant parks unvisited, curios at markets unsold as tuk-tuks sit idle: South-East Asia is facing billions of dollars in losses from a collapse in Chinese tourism since the outbreak of a deadly new c…
Economy
Asean Today – Jan 2020
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Saudi Arabia reportedly set to invest $30bn in Bangladesh
Some of Saudi Arabia’s top companies are looking to invest around $30 billion in a number of Bangladesh’s business sectors, according to Bangladeshi officials. On the first day of a two-day Joint Econ…
Coronavirus drags down commodity prices as demand from China drops
Prices for commodities from natural rubber to coal have plunged in February because of decreasing demand from China, where the new coronavirus outbreak is expected to further drag down prices. The cha…
Narrative of Bangladesh has changed for the better
The narrative of Bangladesh has changed from ‘basket case’ to a ‘development surprise’, but achieving sustainable socioeconomic progress in future will prove to be increasingly difficult without huge …
Brexit: What does it mean for us?
On January 31, 2020, the United Kingdom left the European Union. We lost a member of our family. It was a sad moment for us, for European citizens – and, indeed, for many British citizens. Nevertheles…
Myanmar could be India’s gateway to Southeast Asia
On January 17 and 18, China’s President Xi Jinping visited Myanmar, the first visit by a Chinese president to Myanmar in 19 years. Xi Jinping’s visit brought both the status of India-Myanmar and China…
China to inject $173 billion into economy to fight virus
China’s central bank said Sunday it would pump 1.2 trillion yuan (US$173 billion) into the economy as it ramps up support for a nationwide fight against a deadly virus that is expected to hit growth. …
Lao Central Bank Launches QR Code Payment Standard
The QR code payment standard will minimise the use of cash, drive Laos towards a digital economy, and boost socio-economic development. The BOL (Bank of Lao PDR) has reportedly announced the soft laun…
Coronavirus could delay major Chinese projects in Bangladesh and other countries
With hundreds of Chinese engineers and workers stuck at home in China amid the worsening coronavirus outbreak, project officials in Bangladesh have said major infrastructure schemes being carried out …