Search results for: Global

Philippines' total external trade declines 9.2pc in September

-- 2020-11-04 15:04:26

The Philippines' total external trade in goods declined 9.2 per cent in September from a year earlier to 14.14 billion US dollars, the Philippine Statistics Authority (PSA) has said. This was lower t...

Stocks gain, dollar slips reacting to possible Biden win

REUTERS 2020-11-04 09:04:33

The dollar slid and global equity markets rose on Tuesday on bets of increased stimulus if Joe Biden wins the US presidential election against President Donald Trump, but gold prices edged higher on t...

Vietnam's garment exports decline $24.8 billion in 10 months

-- 2020-11-03 14:10:47

Vietnam's total textile and garment export value in the first 10 months of this year declined 9.3 per cent year on year to nearly 24.8 billion US dollars, according to the General Statistics Office on...

Cambodia's rice export up 17pc in 10 months

-- 2020-11-02 13:34:07

Cambodia exported 536,305 metric tons of milled rice in the first 10 months of 2020, up 17 per cent over the same period last year, Agriculture Minister Veng Sakhon said on Monday. China remained the...

How COVID-19 will increase inequality in emerging markets and developing economies

blogs.imf.org 2020-10-30 21:15:03

Emerging markets and developing economies grew consistently in the two decades before the COVID-19 pandemic hit, allowing for much-needed gains in poverty reduction and life expectancy. The crisis now...

US supports one million American jobs in Indo Pacific in two years

-- 2020-10-30 20:03:07

The United States has supported nearly one million American jobs and assisted over 12,000 US companies active in Indo pacific region that includes Bangladesh since July 2018. The information was reve...

German economy sees record growth in third quarter

REUTERS 2020-10-30 16:05:22

The German economy grew by a record 8.2 per cent in the third quarter as Europe’s largest economy partly recovered from its worst-ever recession caused by the Covid-19 pandemic, data from the Fe...

Vietnam's export turnovers rise 4.7pc in 10 months

-- 2020-10-30 12:22:05

Vietnam's export and import turnovers in the first 10 months of 2020 increased by 4.7 per cent and 0.4 per cent year-on-year respectively, according to the country's General Statistics Office on Frida...

As Covid-19 lingers, US polls near, China growth gives Asia a boost

REUTERS 2020-10-29 12:30:23

Asia is starting to see signs of economic recovery as it rides on the back of an upturn in China, which is entering a new expansion phase less than a year after it recorded the world's first cases of...

USAID announces $28m assistance to advance South Asian regional energy market

FE Online Report 2020-10-29 10:42:49

USAID has launched more than $28 million in activities to advance regional energy markets in South Asia to strengthen energy security and expand access to energy across the Indo-Pacific region. US Ag...

Tourist arrivals fall 70pc worldwide: UNWTO

FE Online Desk 2020-10-28 15:39:59

Global tourism has witnessed a fall by 70 per cent in international tourist arrivals as the restrictions on travel introduced in response to the Covid-19 pandemic have continued to hit the sector hard...

HSBC to overhaul business model

Reuters 2020-10-27 15:37:05

HSBC Holdings on Tuesday signalled it would embark on a pandemic-induced overhaul of its business model, seeking to flip its main source of income from interest rates to fee-based businesses. Reporti...

Global FDI drops 49 pc in H1, Bangladesh also sees decline

FE Online Report 2020-10-27 13:26:07

Inflows of global foreign direct investment (FDI) fell 49.0 per cent in the first half (H1) of the current year ‘due to the economic fallout from Covid-19’. The latest Global Investment T...

Surging coronavirus cases subdue Asian shares

-- 2020-10-26 13:52:23

Asian shares got the week off to a hesitant start on Monday as surging coronavirus (Covid-19) cases in Europe and the United States undermined the global outlook, while China’s leaders meet to p...

GYV Victor named first chairman of newly formed Bangladesh India Mediators Forum

-- 2020-10-25 16:58:33

The Bangladesh India Mediators Forum (BIMF) was set up on October 22 with India’s GYV Victor as its first chairman and a member of the Board. BIMF seeks to promote bilateral working environment...

Ant may raise up to $17b in Shanghai IPO leg

Reuters 2020-10-25 13:03:15

China’s Ant Group could raise up to $17.3 billion in the Shanghai leg of the likely $35 billion dual listing, the world’s largest ever, after some large investors submitted bids in the ran...

WTO holds back on LDCs’ request to extend TRIPS waiver

FE Online Report 2020-10-24 12:57:00

The Least Developed Countries’ (LDCs) request to extend the transition period of Trade-Related Aspects of Intellectual Property Rights (TRIPS) didn't get full support from the members of the Wor...

Vietnam's economy to grow by 3pc in 2020: Standard Chartered

-- 2020-10-23 15:48:16

Vietnam's economy is expected to grow by 3.0 per cent in 2020, with rising consumption on improving sentiments and faster manufacturing driving the growth in the last quarter of this year, Vietnam New...

Britain seals first major post-Brexit trade deal with Japan

Reuters 2020-10-23 13:53:32

Britain and Japan formally signed a trade agreement on Friday, marking Britain’s first big post-Brexit deal on trade, as it continues to struggle to agree on a deal with its closest trading part...

Indian economy set for deepest contraction this fiscal year: Poll

-- 2020-10-22 13:53:01

The Indian economy will suffer its deepest contraction on record this fiscal year and recent government stimulus does not go far enough to significantly boost activity depressed by the coronavirus pan...

Virtual Indo-Pacific Business Forum registration opens

FE ONLINE REPORT 2020-10-22 11:25:14

Registration for the October 28 and 29, 2020 virtual Indo-Pacific Business Forum (IPBF) is open, according to a US Embassy Dhaka statement issued on Wednesday. Senior US and international government...

More than half of Europe’s small businesses fear for survival: Survey

-- 2020-10-22 10:55:28

Over half the small and medium-sized companies which together provide jobs for two-thirds of European workers fear for their survival in the coming 12 months, according to a survey released by managem...

Kuwait passes law to cut expat numbers

-- 2020-10-21 21:18:37

Kuwait’s parliament has approved a law to reduce the number of foreign workers in the country by one year, as part of efforts to ‘rebalance’ its population. The new legislation, whi...

IMF cuts Asia's growth forecast

-- 2020-10-21 19:31:11

The International Monetary Fund slashed this year’s economic forecast for Asia, reflecting a sharper-than-expected contraction in countries like India, a sign the coronavirus pandemic continues...

World trade rebounding slowly, outlook uncertain: UN report

Reuters 2020-10-21 16:40:05

The value of global trade is set to fall by 7.0 per cent to 9.0 per cent in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United Nations report s...

Value of global trade set to fall by 7-9pc in 2020: UNCTAD

Reuters 2020-10-21 13:25:43

The value of global trade is set to fall by 7 per cent to 9 per cent in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United Nations report said...

IMF officials call for strengthening cooperation to enhance cross-border payments

-- 2020-10-20 16:02:23

Senior officials at the International Monetary Fund (IMF) have called for strengthening international cooperation to improve cross-border payments as many central banks are exploring the issuance of d...

China’s economy sees quick recovery as consumption returns

REUTERS 2020-10-19 16:14:26

China’s economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, although the weaker-than-expected headline growth suggested persistent risks for one...

Italy unveils new stimulus package to help virus-hit economy

Reuters 2020-10-18 16:08:03

Italy has approved a new stimulus package in its 2021 budget to foster an economic rebound from the recession caused by the coronavirus crisis, a government statement said on Sunday after a late-night...

Sri Lanka's central bank approves $966m business relief loans

-- 2020-10-18 12:40:23

The Central Bank of Sri Lanka (CBSL) has approved 966 million US dollars worth of loans under a relief programme for coronavirus (Covid-19) affected businesses, local media reported on Sunday. A tota...