Slow loan distribution from the government’s Tk 200 billion package to help offset losses in the CMSME sector hit by the coronavirus pandemic has left Bangladesh Bank frustrated.
How India’s states are nearly broke
The shock to revenues from the pandemic will compel states to either borrow more or curtail public expenditure.It may be far from sufficient as states are at the forefront of battling the pandemic.
Standard Chartered and HKTDC Launch “Standard Chartered GBA Business Confidence Index”
Standard Chartered and Hong Kong Trade Development Council (“HKTDC”) are pleased to announce the launch of the “Standard Chartered …
Tunisia’s removal from EU financial blacklist should help boost economy
Three years after being designated as a high-risk country with strategic anti-money laundering and counterterrorist financing deficiencies, Tunisia is officially off the list and getting ready for …
The PA is exploiting financial hardship to divert attention from Israel’s annexation plan
READ: UAE sabotages relations with Palestinians to normalise with Israel This is part of the game that the PA is playing. It wants the people of Palestine to be so engrossed in making financial ends …
UAE shoppers opting for contactless payments over cash purchases
UAE shoppers are ditching the cash in favour of contactless payments through the Covid-19 crisis, according to the results of a survey from Dubai Police, Dubai Economy and Visa. Sixty-eight percent of …
MK Shitrit: We ended tax exemption on fuel for anti-Israel groups
At a Finance Committee hearing, it was decided to approve the exemption to the United Nations and remove from the list of exemptions those groups hostile to the State of Israel, while intensifying …
Jordan gov’t postpones salary hikes for public employees after $774.9mln revenue drop
The Kingdom’s current financial standing “requires commitment to paying taxes … to resume flights with countries with similar epidemiological situations to Jordan’s”. Razzaz also said that the …
Michael Jordan’s $500,000 Sneakers and More Insanely Expensive Sports Memorabilia
Plenty of people across America might have spotted a recent headline about how a pair of used sneakers from 1985 sold for roughly half a million dollars in mid-May and, well, blown a gasket. Who has …
OCBC sets new sustainable finance target
OCBC Bank has set an ambitious new target of S$25 billion by 2025 for its sustainable finance portfolio, having surpassed its original S$10 billion target in the first quarter of 2020 – two years …