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…
Economy
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…
Malaysia’s economy beats forecasts with 5.6 percent growth
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…
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…