Economy
World / Countries / MNCs
Colombo: Sri Lanka has declared an emergency over food shortages due to a lack of foreign exchange to finance imports amid a hard-hitting economic crisis. more
United Nations launches a Women Enterprise Recovery Fund

Bangkok: The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the United Nations Capital Development Fund (UNCDF), with support from the Dutch Entreprene ...

Green recovery policies once in lifetime opportunity to raise climate ambitions in Asia-Pacific

Bangkok: While much of the attention this year has been focused on protecting populations as well as the socio-economic impacts and recovery needed, high-level officials from across the A ...

Geospatial data providing timely evidence for Covid-19 mitigation in Asia-Pacific

Bangkok: As the Covid-19 pandemic progresses around the world, governments are relying on geospatial information, digital solutions and Artificial Intelligence (AI)-driven risk analytics ...

Asia-Pacific countries commit to advance regional cooperation for sustainable connectivity

Bangkok: Recognising that the COVID-19 pandemic has caused widespread socio-economic impacts and disruptions across Asia-Pacific, high-level officials called for a rethink on the future d ...

Indonesia sees recession for the first time since 1998

Jakarta: One of the biggest economies in South East Asia, Indonesia has fallen into a recession after 22 years, owing to the ongoing Covid-19 pandemic.

Beijing's global domination bubble dwindling as cash dries up

Even as Beijing continues to announce grandiose plans and engage in skirmishes and conflicts with several neighbouring countries, experts believe that the Xi Jinping-led Communist Party o ...

COVID-19: European Commission proposes borrowing 750 bln euros as recovery fund

Brussels/Xinhua: The European Commission on Wednesday proposed borrowing 750 billion euros (826 billion US dollars) in its name from the financial market to help the world's largest t ...

Amid COVID-19 outbreak, China starts trial of digital currency

Beijing: Amid financial meltdown globally due to COVID-19 outbreak,  China's central bank—People's Bank of China (PBoC)— recently introduced the trial of a homegr ...

COVID-19 lockdown measures will worsen poverty, vulnerabilities among informal economy workers: ILO

Geneva : COVID-19 lockdown  and containment measures threaten to increase relative poverty levels among the world’s informal economy workers by as much as 56 percentage points ...