Indonesia’s fiscal deficit in 2020 is estimated at 6.09% of gross domestic products (GDP) based on unaudited state budget realisation, Finance Minister Sri Mulyani Indrawati said on Wednesday.
India considers creating bank with $13.7 billion equity capital to fund roads
Attracting foreign investment is also crucial to meet Modi’s goal of spending $1.5 trillion on new roads, rail links and other infrastructure over the next five years as public finances deteriorate.
Quant Guide 2021: City University of Hong Kong
The Master of Science in Financial Engineering at City University of Hong Kong is one of a trio of programmes affiliated to institutions in Hong Kong in Risk.net ’s Quant Guide for 2021. The City …
Trade, economic ties discussed in final part of political consultations between Turkmenistan, US
the Ministry of Finance and Economy, the Ministry of Agriculture and Environmental Protection, as well as the Union of Industrialists and Entrepreneurs of Turkmenistan. The US delegation was led …
North Korea’s Kim Jong Un tells party congress economic plan failed ‘tremendously’
While consolidating power on the side, North Korea’s Kim Jong Un has been trying to build his image as a “people-loving leader” by openly admitting some of his failures.
Brent Oil Rises to Highest Since February After Saudi Arabia Output Cut
Brent oil prices rose on Wednesday to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers, while industry data …
Financial sector’s State budget collection expected to hit 58.4 bln USD
The financial sector expects to collect over 1.343 quadrillion VND (58.4 billion USD) for the State budget in 2021, equivalent to 15.5 percent of the country’s gross domestic product (GDP), said the …
JICA releases another 10 billion yen loan to Philippines
Japan released yesterday 10 billion yen to the Philippines as second tranche disbursement under the post-disaster standby loan, the Japanese embassy in Manila said.
Lawsuit alleges financial exploitation of immigrant teachers
New Mexico’s attorney general is accusing a company that recruits immigrant teachers from the Philippines to work at public schools of charging exorbitant fees and …
BSP approves P540-B in another Philippine gov’t loan application
The Bangko Sentral ng Pilipinas has granted another loan request from the Philippine government — third application in 2020 — for budgetary support amid fiscal deficit arising from the COVID-19 …