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Mounting public discontent over high food prices does not undermine the legitimacy or effectiveness of Bangladesh’s military-backed caretaker government, the country’s senior finance official has said.
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Pakistan’s growing twin fiscal and trade deficits have spurred a decline in the local currency, dented foreign exchange reserves and helped push inflation to new heights. Hounded by such threats to macroeconomic stability, the central bank is widely expected to tighten money supply, in a move that is likely to cause a scramble for Pakistan’s best investment bets.
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A row between the ADB and the US over the bank’s long-term strategy could undermine meaningful efforts for reform. But not if bank president Haruhiko Kuroda can help it
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China Exim Bank president clarifies mission as trade surplus soars
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Sri Lanka’s investment promotion minister Sarath Amunugama has staunchly defended the country’s human rights record, as a preferential EU tariff agreement for garment exports comes up for renewal in October.
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Japan is taking a long and very hard look at setting up a sovereign wealth fund (SWF), in response to pressure from political “young Turks”, officials and academics.
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Soaring inflation and a 46% drop in share prices in the first three months of 2008: all eyes are on Vietnam’s policy response as Asia’s star performer grapples with overheating
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Pakistan’s former finance chief, Salman Shah, has offered an olive branch to his successors amid growing controversy over alleged financial mismanagement. In a telephone interview with Emerging Markets, Shah defended the economic record under his watch and dismissed as politically motivated charges that his team had misstated economic data, including the size of the fiscal deficit.
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The rise in the value of the ruppee against the dollar is a useful lesson, says India's finance minister
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Difficult conditions in the financial markets will hurt Asia’s growth plans, the regional chief executive of Standard Chartered Bank has warned in an interview with Emerging Markets.
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If prime minister Manmohan Singh’s party is to return to power, it will have to navigate carefully through rising prices while engineering a soft landing for the economy