The initiative will facilitate increased collaboration between SMEs in the two markets. The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) signed a Memorandum of Underst…
Economy
India says it will continue to support Sri Lanka in overcoming its financial crisis
India has reiterated its willingness to play “a constructive role” in supporting Sri Lanka’s efforts for recovery from the worst economic crisis. Addressing the inauguration ceremony…
Alibaba’s Jack Ma Visits Pakistan After Nepal, Sparks Speculation Of Business Opportunities
Alibaba Group Holding Limited BABA co-founder, Jack Ma’s unexpected visit to Pakistan bred investor speculation over possible business opportunities in the country, including visits to trade cen…
Chinese company sets record with $76.41M investment in BEPZA EZ – Bangladesh
China’s Mingda (Bangladesh) New Material Co, Ltd is going to invest $76.41 million in Bangladesh Export Processing Zone Authority (BEPZA) Economic Zone (EZ) for producing diversified products. It is t…
Southeast Asia’s Belt and Road paved with promises
China’s Belt and Road Initiative changed the face of Southeast Asia with projects connecting the region. But some countries face more risks than others. China is strengthening its economic ties …
De-dollarization: Local currency settlement and its constraints
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…
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…