Vietnam’s Internet economy is projected to become the second-largest economy in Southeast Asia, reaching 220 billion USD in gross merchandise value (GMV) by 2030, according to a report published…
Economy
Indonesia secures US$44.6 billion investment commitments from UAE
Indonesia has managed to secure US$44.6 billion investment commitments from the United Arab Emirates (UAE) during the visit of President Joko Widodo (jokowi) to the Arab country. The investment would …
$5.0b IFC investment portfolio likely for Bangladesh
The International Finance Corporation (IFC) plans to fortify its footprint in Bangladesh through extending its investment portfolio to nearly $5.0 billion in the next five years. “We want to ext…
Asian factories shake off lockdown blues, now face supply headaches
Asia’s factory activity stepped up a gear in October as emerging economies saw COVID-19 infections subside, but rising input costs, material shortages and slowing Chinese growth cloud the outloo…
Malaysia’s government on Friday proposed a record budget for 2022 to bolster an economic recovery following the coronavirus pandemic, with various industrial incentives and cash handouts for the poor …
IMF for continuing reforms to make Bangladesh economy more resilient
The International Monetary Fund has emphasised on continuing reforms to make Bangladesh’s economy more resilient and resuming progress towards the authorities’ ambition of reaching an upper middle-inc…
Sri Lankan e-commerce platform Kapruka to introduce crypto payments
Kapruka (Kapruka.com), a major e-commerce platform in Sri Lanka, has revealed its intention to start accepting payments in cryptocurrency quite soon. Kapruka’s founder and Chairman Dulith Herath made …
Factories struggling as supply constraints hit, costs rise
Global manufacturing activity took a big hit from supply chain bottlenecks and escalating costs, exacerbated by pandemic-induced factory shutdowns in Asia and signs of slowing Chinese growth, surveys …
Countries Have $385 Billion In ‘Hidden Debts’ To China, Study Finds
A new study found under-reported debts of at least $385 billion owed by different countries to China in the past two decades, and that one-third of projects under the Belt and Road Initiative have run…
Japan Considers Bangladesh As A New Investment Destination In Asia – OpEd
Japanese companies consider Bangladesh as a new destination for investment in Asia, said Ito Naoki, ambassador of Japan to Bangladesh. Various Japanese companies are considering Bangladesh as their ne…