Economy

Forex reserve of the Philippines at all time high

News Desk The Bangko Sentral ng Pilipinas (BSP) continues to build up the country’s foreign exchange buffer, with the gross international reserves (GIR) hitting an all-time high of $104.51 billion

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Saudi king approves SR990 billion budget for 2021

News Desk Saudi Arabia’s Cabinet in an extraordinary session chaired by Custodian of the Two Holy Mosques King Salman announced on Tuesday SR990 ($264 billion approximately) budget for 2021. Approving

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Bangladesh forex reserves hit record high

News Desk On December 15, Bangladesh’s foreign reserves today touched a new record of over US$42 billion amid the coronavirus crisis. A senior official of the Bangladesh Bank said the

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India-Australia trade lacks any substance

Qian Feng Media reports say Indian Minister of External Affairs Subrahmanyam Jaishankar confirmed on Wednesday that India and Australia are in discussions over a bilateral free trade agreement. The South

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Bangladesh set for huge economic boost

AKM Kamal Uddin Chowdhury Bangladesh’s economy will get a huge boost with the expected “industrial revolution” of the southwestern districts when the long-cherished ‘Padma Multipurpose Bridge’ opens to traffic within

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China’s positive and prudent approach to rapid grown of financial tech industry

Chen Jia China will continue to have a positive and prudent approach to the rapid growth of its financial technology industry, but will keep a close watch on “too big

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Hong Kong starts talks for digital yuan pilot tests

He Shushi The Hong Kong Monetary Authority said it is discussing the technical pilot testing of the digital yuan, or e-CNY, for cross-border payments with the Digital Currency Institute of

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Hong Kong companies seek growth on mainland

News Desk The first winter after the implementation of the national security law in Hong Kong didn’t chill local business as some Western media have claimed; rather, local companies have

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Textile industrial sector of the DPRK strives to boost

News Desk The textile industrial sector of the DPRK strives to boost the production and raise the economic effectiveness, through home production and recycling as its development strategy. The Pyongyang

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Bank of England adopts Islamic banking

With the speedy growth of radical Islam in the western nations and the possible risk of Islamization of the West, the Bank of England has announced the launch date for

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