The Asian Development Bank headquarters in Manila. Reuters
The Asian Development Bank (ADB) approved $1 billion in immediate budget support to Pakistan to shore up the country’s public finances and help strengthen economy besides approving $300 million to support energy sector reforms.
China’s banks extended new yuan loans in August as policymakers ratcheted up support for the slowing economy, and further policy easing is expected in coming weeks as the Sino-US trade dispute takes a bigger toll on the economy.
In a major relief to thousands of individuals and MSME borrowers, the India’s central government in an affidavit informed the Supreme Court that it has taken a decision to waive ‘interest on interest’ (compound interest)
The stock market can be a great way to do it, but it comes with its own set of risks and rewards. With the ever-changing economic situation across the globe, it becomes mandatory to invest wisely and safely for a better future.
Sri Lanka’s key inflation rate eased to 50.3 per cent in March from 50.6 per cent in February, the statistics department said on Friday.
Developing economies in Asia have mostly regained ground lost during the pandemic but are seeing their recoveries stall as productivity lags, the World Bank said