South Asia
IMF, World Bank warn Gaza war, Red Sea attacks imperil global economy
The IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping through the Red Sea pose threats to the global economy.
World's No.2 sugar producer India may need imports in 2025
India is set to ban exports in the crop year that started in October and may even be forced to import in the following year as farmers turn to other crops
Poor governance hampers economic growth
The socioeconomic development of India, Pakistan and Bangladesh is being hampered by the prevalence of poor governance and institutional weakness in the three South Asian nations, according to analysts.
China’s deflation pressures ease, more steps expected to spur demand
China’s consumer prices returned to positive territory in August while factory-gate price declines slowed, data showed on Saturday, as deflation pressures ease amid signs of stabilisation in the economy.
74 Rohingyas detained in India's Uttar Pradesh
The Anti Terrorist Squad (ATS) of India’s Uttar Pradesh state police today apprehended 74 Rohingyas who were allegedly living illegally in the country, according to a senior official..The ATS has been getting information about Rohingyas residing in various districts of UP after crossing th
Pakistan all set to get discounted Russian oil: PM
Pakistan's Prime Minister Shehbaz Sharif said on Thursday that everything was set for his country to receive a shipment of discounted Russian oil
India to pay Tk 220 per tonne for transportation of goods via Mongla, Ctg
Additional charges will also be applicable, says NBR
Huawei to develop 50,000 ICT talents in South Asia
Global tech giant Huawei has taken an ambitious plan of developing 50,000 ICT talents in South Asia in the next five years.
Bangladesh, India navies begin coordinated patrol in Bay
The fourth edition of the coordinated patrol (CORPAT) between the navies of Bangladesh and India began today (May 22, 2022) in the northern Bay of Bengal.
India sends 40k tonnes of diesel to Sri Lanka under credit line facility
India today supplied another 40,000 tonnes of diesel to the economic-crisis plagued Sri Lanka under the credit line facility to the island nation.
Pakistan bans imports of luxury goods
Pakistan has banned the import of all non-essential luxury goods in a bid to stabilise the economy, the information minister said on Thursday, describing the situation as an economic emergency.
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.
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.
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.
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.
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.
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.
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.
