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Brazil economy minister hit by loss of 2 top deputies

RIO DE JANEIRO, AFP – Brazilian economy minister Paulo Guedes said Tuesday two of his top deputies had resigned in a “stampede,” news that could rattle market confidence in his reform agenda for Latin America’s biggest economy. Guedes, the powerful free-market guru to far-right President Jair Bolsonaro, is battling to steer

ADB, HSBC to finance $1.2b in trade to boost supplies

BSS The Asian Development Bank (ADB) and the HSBC have launched a programme to support up to $1.2 billion a year in trade by companies in Asia and the Pacific producing goods crucial to the ongoing fight against the coronavirus disease (COVID-19) pandemic. The targeted financing available through the new program

ADB expects Bangladesh’s GDP to grow by 7.5 in FY2021

The Asian Development Bank (ADB) said, it expects gross domestic product (GDP) of the country to grow by 4.5% in fiscal year 2020 and by 7.5% in 2021. ADB made this growth forecast in its latest report of Asian Development Outlook (ADO) 2020 Supplement on Thursday, reports UNB. For the effect of

Britain tells banks to prepare for pandemic debt pile

Huw Jones, Reuters (London) British banks need to accelerate preparations for dealing with businesses unable to repay money they borrowed to cope with the coronavirus pandemic, the national financial sector regulator said on Tuesday. Over 900,000 businesses have taken out state-backed loans worth around 38 billion pounds ($48 billion) under schemes

Nat’l Budget of FY 2020-21 at a brief look

The budget for the fiscal year 2020-21 has been presented amid the stagnation of country's economy due to the pandemic situation. The Finance Minister AHM Mustafa Kamal presented the budget proposal  on June 11. The minister presented the budget for FY2020-21  in a parliamentary session chaired by the Speaker Shirin Sharmin

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