Malaysia’s economy picked up in the first quarter buoyed by firm domestic demand, central bank and government data showed on Friday. Gross domestic product rose 5.6 percent, according to Bank Negara M…
Economy
Bangladesh-World Bank Partnership: A Robust and Resilient Alliance in Pursuit of Sustainable Development
“The journey was not always easy, but we have never lost courage. In the past 50 years, the World Bank remained a steadfast development partner and supported our aspirations. We hope to work together …
India steps up rupee’s internationalisation for Sri Lanka’s economic recovery
India-Sri Lanka Rupee trade: Several banks in Sri Lanka have opened special rupee trading accounts, called Vostro accounts. This means that Sri Lankan citizens can now hold $10,000 (₹8,26,823) in phys…
Monsoon wind farm, Laos
The Monsoon wind farm is a 600MW onshore wind project being developed in the southern part of Laos. It is the first and the largest wind farm to be developed in the country and the first cross-border …
Largest Danish investors to invest $5 billion in Philippines offshore wind farms
A group of largest Danish investors are planning to invest approximately $5 billion in the offshore wind farms in the Philippines, according to the Ambassador of Denmark to the Philippines Franz-Micha…
China’s RM170b investment: A game-changer for Malaysia’s economy
China’s commitment to invest a record RM170 billion in Malaysia is set to provide a massive boost to our economy for years to come. The investment follows 19 memoranda of understanding (MoUs) si…
Making the IMF Work for Sri Lankans
The government of Sri Lanka is negotiating a large conditional loan from the IMF. A formal agreement is likely to be signed within weeks once all the main creditors provide the IMF with adequate assur…
Asian fintech rises above global investment dip
Fintech companies suffered a difficult period, globally, last year, as soaring inflation and rising interest rates prompted investors to pull back from the sector. Large parts of the industry strugg…
India’s progress can create new opportunities for Ugandan businesses: EAM Jaishankar
Jaishankar is on a two-nation visit to Uganda and Mozambique from April 10-15 to strengthen India’s strong bilateral ties with the two African countries Kampala: India’s progress and prosperity can cr…
What China’s RM 170 Billion Investment Commitment Means for Malaysia
During a recent trip to China, Malaysian Prime Minister Anwar Ibrahim announced that he had secured 19 memoranda of understanding from Chinese entities reflecting an investment commitment of RM 170 bi…