The influence of the United States as the generator of global multilateralism is decreasing, while China’s influence is increasing, especially in the aspect of international trade. Amid the US-C…
Economy
ASEAN’s Digital Future: Promising but not Without Difficult Challenges
Despite ASEAN’s digital economy making head waves through its projected growth of more than $1 trillion by 2030, ASEAN’s digital future still faces tough challenges arising from the tightening securit…
Sri Lanka lifts import limits on 286 items as crisis eases
Sri Lanka lifted import restrictions on 286 items, the Finance Ministry said on Saturday, a fresh sign the South Asian nation is starting to emerge from its worst economic crisis in decades. The islan…
Nepal, India strike cross-border infrastructure deals
Nepal and India are working to increase cross-border connectivity and energy cooperation, sealing a number of deals, including a long-term energy cooperation plan that paves the way for Nepal to expor…
Bangladesh Receives $858 Million World Bank Financing to Improve Climate Resilient Agriculture Growth and Road Safety
The government of Bangladesh and the World Bank today signed two financing agreements totaling $858 million to enhance climate-resilient agricultural growth, food security, and improve road safety. Th…
Southeast Asia’s digital economy may be set to hit $1 trillion, but roadblocks remain
Southeast Asia’s digital economy has plenty of growth potential, backed by strong fundamentals including over 460 million digital consumers, young and tech-savvy populations, as well as rising interne…
Bangladesh unveils $71 billion budget on digital economy, cashless society
The government projected an economic growth of 7.5 per cent in the annual budget, reports Xinhua news agency. Image Courtesy: Reuters. The Bangladesh government has unveiled a record 7.62 trillion tak…
India’s Adani Group weighs $3 bln investment in Vietnam
India’s Adani Group is exploring the possibility to invest up to $3 billion in seaport and renewable energy projects in Vietnam, the Vietnamese government said in a statement on Wednesday. The s…
Saudi Arabia offers to make large-scale investment in Bangladesh
Saudi Arabian minister of investment Khalid A Al-Faliah and minister of economy and planning Faisal Alibrahim recently met Prime Minister Sheikh Hasina in Doha and offered to invest in various sectors…
IMF: Sri Lanka’s crisis-hit economy likely to resume growth in 2024 after contracting 3% this year
Sri Lanka’s crisis-hit economy is expected to resume growing in 2024 after contracting 3% this year, an International Monetary Fund official said Monday. Krishna Srinivasan, the IMF’s director for Asi…