Maldives QGDP Drops by 5.9 Percent in the First Quarter
National Bureau of Statistics issued a report titled “The quarterly national account”, stating a decline in QGDP. The 5.9 percent decline in the first quarter of this year is reported against the QGDP of last year. The statistics revealed on last Saturday, estimate the real GDP at MVR 18.6 billion for Q1 2020. MVR 19.8 […]
One-third of Nepali Population at Risk of Falling below the Poverty Line
World Bank warns of Population hitting extreme poverty Unable to make a living, one-third of Nepal’s population could fall below the poverty line. World bank apprised of this in a report issued on Thursday. Similarly, a bi-annual report estimates 3.12 percent of the Nepali population at risk of getting extremely poor. That implies earning 1.90 […]
Economic indicators Improve Ahead of Ease in Lockdown in Nepal
Ease in lockdown Easing the lockdown since mid-May has improved some of the economic indicators of the Nepali economy. On July 20, Nepali cabinet eased four months-long lockdowns, while keeping Covid-19 SOPs in place for the country. The lockdown began on March 24, However, the COVID 19 spread by far has killed 42 people in […]
India and US are Set to Seal a Trade Deal Following Two Years of Negotiations
2 Years in the Making Following lengthy trade talks, India and the US seem to be finalizing a trade deal very soon. The two countries have been talking through its terms for two years. However, they have recently come to look past differences and take things forward. A virtual meeting was held between India Commerce […]
Bangladesh Set to Launch 4 Tech Centers in Economic Zones
Bangladesh\’s economic zones look forward to launching four tech centers in the country. The initiative includes installing new technologies to boost export earnings. One tech center is to be inaugurated at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and the other at Bangabandhu Hi-Tech City in Gazipur. EC4J Signed two lease agreements+ On Tuesday, the […]
“Fintech” Set To Change the Financial System via Innovation and Mutual Cooperation
IMF World Economic Outlook on ASEAN According to the IMF World Economic Outlook, GDP will go down by 6 percent for 5 of ASEAN countries. These countries include Indonesia, the Philippines, Thailand, Malaysia, and Vietnam. For 2020, the Gross Domestic growth for ASEAN countries is projected to increase by 1% only, it says. Moreover, Micro-small […]
Asia local Bond Market still prone to financial distress
ASEAN country updates by Alan Greenspan Alan Greenspan, former federal reserve chairman led insights over the gap in capital market development in the region. Adding that the financial outlook of the capital market highlights the need for financial intermediation. As once the banking system collapses there is no proper channel to turn to for support, […]
Extending Lockdowns An Economic Cost
The extension of the lockdown by the government has severe repercussions for the economy as it would deteriorate India’s GDP forecast for FY2020, to a contraction of 2 percent. These estimates will be achieved on the assumption that the lockdown will extend till mid-July and thereby, the engine of the economy will restart by August. […]