Economy

Power Minister Dullas Alahaperuma orders investigation as the last such massive breakdown was in 2016

Economic development will take place within the framework of national sovereignty, the experts added.

August 8 (The New Nation) - Economic Reporter: Japan will provide 330 million US dollar to Bangladesh as an Official Development Assistance (ODA) loan. In this regard ITO Naoki, Ambassador of Japan to Bangladesh, and Fatima Yasmin, Secretary, Economic Relations Division, Ministry of Finance signed an Exchange of Notes titled 'The Covid-19 Crisis Response Emergency Support Loan' on Wednesday. The...

August 6 (AFP) - The Philippines plunged into recession after its biggest quarterly contraction on record, data showed Thursday, as the economy reels from coronavirus lockdowns that have wrecked businesses and thrown millions out of work. Gross domestic product shrank 16.5 percent on-year in the second quarter, the Philippine Statistics Authority said, when the country endured one of the world's...

China’s success in handling the virus and its quick catch-up to the US in total GDP has become an eyesore for Americans. India should be extremely wary of getting entangled in the US-China tensions, says Ambassador M.K.Bhadrakumar.

The Chinese ambassador to India Sun Weidong said that China is not a strategic threat to India and that the "general structure that we can't live without each other remains unchanged".

This currency swap arrangement will remain available till November 2022.

The video-conference, held on July 22, followed the Lankan government's appeal to India and other countries for debt relief in view of the COVID-19 pandemic

New York, July 23 (Reuters) - A steady decline in the dollar has accelerated in recent weeks, as a resurgent coronavirus outbreak in the United States and improving economic prospects abroad sour investors on the currency. The buck is down 8% from its highs of the year against a basket of currencies =USD and stands near its lowest level since...

Many governments around the world have been prompted to adopt the Western capitalist notion of private land ownership.