South Asia
Supporters clash with cops at PTI rally as leaders demand Imran’s release
PTI leaders rallied on the outskirts of Islamabad on Sunday, demanding the “immediate release” of their founder, Imran Khan, while criticising the government for marginalising the party as police fired tear gas to disperse the crowd.
China’s underwhelming data dampens hope of economic recovery
Chinese industrial production growth slowed in July while unemployment rose, official data showed Thursday, highlighting an uneven recovery in the world’s second-largest economy despite recent government measures to try to stimulate expansion.
Japan’s economy rebounds in Q2
Japan’s economy has rebounded, government data showed Thursday, in welcome news for its next prime minister following Fumio Kishida’s decision to quit.
Marico’s profit jumps 30% in April-June quarter
Marico Bangladesh Ltd, a listed multinational company, said its profit soared 30 percent year on year to Tk 172.57 crore in the April-June quarter.
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.
Bangladesh, a future tiger economy? Indian diplomat thinks so
With broad-basing of its industrial sector, Bangladesh could well be the tiger economy of the future, according to former Indian diplomat Ambassador Sarvajit Chakravarti.
Japan to open to tourists after two years
Foreign tourists visiting Japan will be required to wear masks, take out private medical insurance and be chaperoned throughout their stay, the government said on Tuesday, as it plans a gradual opening from two years of Covid-19 restrictions.
Sri Lanka seeks $6b from IMF
Cash-strapped Sri Lanka on Tuesday asked the International Monetary Fund to arrange a creditor meeting for $6 billion in loans to help keep the country afloat during its unprecedented economic crisis.
After “crossing the border for love” Bangladeshi woman sent to Indian correctional home
Krishna Mandal, the Bangladeshi woman who swam through the Sundarbans and got married to an Indian before being arrested, was produced before a court in West Bengal’s south 24 Parganas district which sent her to a correctional home.
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.