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South Asia
Bangladesh made significant progress but short of meeting the minimum standards of Fiscal…
The government of Bangladesh made significant progress in fiscal transparency but still fell short of the minimum standards required, says the 2022 Fiscal Transparency Report released by the US Department of State on Friday. The report…
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US to significantly increase resettlement of Rohingya refugees: Secretary Antony Blinken
The United States will significantly increase the resettlement of Rohingya refugees from the region including from Bangladesh so that they can rebuild their lives in the US, said a press release issued by the State Department of the US on…
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Southeast Asia Big Data Use to Generate Over $100 Billion in Health, Jobs, Social Protection — ADB
MANILA — Big data holds immense potential in fast-tracking post-COVID-19 economic recovery in Southeast Asia, with benefits in public health, social welfare and protection, and education valued at over $100 billion, according to an Asian…
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ADB Sells $4.5 Billion 5-Year Global Benchmark Bond
MANILA — The Asian Development Bank (ADB) returned to the United States (US) dollar bond market with the pricing of a $4.5 billion 5-year global benchmark bond, proceeds of which will be part of ADB’s ordinary capital resources.
“We are…
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Myanmar court jails Aung San Suu Kyi for six years for corruption
A court in Myanmar has found the former State Counsellor and deposed head of the civilian government Aung San Suu Kyi guilty of corruption. The court sentenced Aung San Suu Kyi for 6 years in jail, says Reuters. The court has found her…
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Bangladesh Prime Minister directs authorities not to arrest anyone for movement against govt
Prime Minister Sheikh Hasina on Sunday directed the authorities to allow the opposition to stage their movement and not to arrest and disturb anyone for this, reports the official news agency BSS. Addressing the meeting of the ruling Awami…
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Vietnam’s Economy Forecast to Grow 7.5% in 2022, New World Bank Report Says
Hanoi —Vietnam’s economic recovery accelerated over the last six months on the back of resilient manufacturing and a robust rebound in services. GDP growth is forecast to surge from an estimated 2.6 percent in 2021 to 7.5 percent in 2022,…
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Sri Lankan govt grants permission to controversial Chinese ship despite India’s concerns
Sri Lanka's government has granted permission for a controversial Chinese research vessel to visit the island despite India's concerns that it could spy on New Delhi's military installations, officials said on Saturday. The ship Yuan Wang 5…
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Indonesia, US & allies carryout live-fire drill as part of combat exercises on Sumatra island…
Indonesia, United States and its allies held a live-fire drill on Friday as part of annual joint combat exercises on Sumatra island amid growing Chinese maritime activity in the Indo-Pacific region. According to media reports, more than…
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Bangladesh’s Foreign Debt to GDP ratio 11%, well below the IMF threshold of 40%
Bangladesh Ministry of Finance has allayed fears on account of its external debt by pointing out that its external debt to GDP ratio stood at 11.87 percent compared to the IMF mandated threshold of 40 percent. The Domestic Debt to GDP ratio…
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