May 14, 2022
May 14, 2022

Wheat export ban won’t affect South Asian neighbours: India

India today indicated that it would not allow the food security of its South Asian neighbours to be hit by the ban imposed on exports of wheat and that the measure was a temporary one.

May 8, 2022
May 8, 2022

Bangladesh grants Sri Lanka another year to repay $200 mn loan

Bangladesh Bank today granted Sri Lanka another year to repay the USD 200 million loan to give the Island nation a respite so that it can overcome its worst ever debt and economic crises.

May 3, 2022
May 3, 2022

India says provided over $3 bn to Sri Lanka in 2022 as economic assistance

India today said its economic assistance to Sri Lanka, facing its worst economic crisis since independence in 1948, stands at more than USD three billion this year, so far, and is instrumental in addressing diverse needs of the government and people of Sri Lanka.

April 26, 2022
April 26, 2022

Investors in the dark on China industrial transport amid data curbs

A wave of Covid-19 lockdowns in Shanghai presents the biggest test yet for investors, trading companies and logistics managers trying to follow China’s economy after the government restricted firms from releasing real-time data.

April 25, 2022
April 25, 2022

New Pakistan govt willing to curb fuel subsidies

Pakistan’s new finance minister on Friday agreed with IMF recommendations to reduce fuel subsidies and end a business tax amnesty scheme, pledging to pursue structural reforms to boost a crisis-wracked economy.

April 25, 2022
April 25, 2022

Shanghai’s economy slows amid Covid-19

The economy of Shanghai, China’s most populous city, slowed in the first quarter from the end of 2021, hurt by rare declines in industrial output and retail sales that were hammered by the country’s most serious Covid outbreak.

April 19, 2022
April 19, 2022

China economy accelerates in Q1

China’s economic growth accelerated in the first quarter of the year to 4.8 per cent, official data showed Monday, but the government warned of  “significant challenges” ahead while massive Covid-19 lockdowns started to bite.

April 5, 2022
April 5, 2022

Asian markets mixed as strong US jobs data boosts rate hike bets

Asian markets were mixed Monday as another strong jobs report provided some reassurance that the recovery in the US economy remained on track but also solidified expectations for more aggressive Federal Reserve interest rate hikes.

March 30, 2022
March 30, 2022

Shanghai lockdown to raise transport costs: Maersk

Danish shipper Maersk said the Shanghai lockdown will severely hurt trucking services and increase transport costs, as China’s intensifying efforts to fight the spread of Covid-19 further rattles global supply chains.

March 15, 2022
March 15, 2022

Most Asian markets hit by Ukraine fears, tech selloff

Asian markets mostly fell Monday as traders track developments in the Ukraine war and diplomatic efforts to bring the crisis to an end while Hong Kong took a pounding after China placed Shenzhen into lockdown, fuelling a rout in the tech sector.