Bangladesh
Over 80 factories, including major garment manufacturers, closed in Bangladesh due to security concerns amid protests near Dhaka. This disruption impacts the interim government’s efforts
September 6, 2024
Over 80 factories, including major garment manufacturers, closed in Bangladesh due to security concerns amid protests near Dhaka. This disruption impacts the interim government’s efforts
The Philippines’ annual inflation rate decreased to 3.3% in August 2024, the lowest since January, down from 4.4% the previous month. Core inflation also fell
Thailand’s annual inflation rate dropped to a four-month low of 0.35% in August 2024, from 0.83% in July, falling below the expected 0.4% and the
During a visit by Russian President Vladimir Putin to Mongolia, which drew international criticism due to an outstanding ICC arrest warrant, Russia and Mongolia agreed
Russia experienced its first weekly deflation since February of the previous year, with consumer prices dropping by 0.02% in the week ending September 2. This
Uzbekistan was among the top three global gold buyers in July, as reported by the World Gold Council. Uzbekistan added 12.4 tons to its reserves,
Israel is considering negotiations over the control of Gaza’s border with Egypt post-war but plans to maintain a military presence to prevent Hamas from re-arming
Egyptian President Abdel-Fattah El-Sisi met with Turkish President Recep Tayyip Erdogan in Ankara, marking a significant step in revitalizing relations between the two nations. They
Chinese President Jinping announced a commitment to provide Africa with USD 50 bln in financial support over the next three years. China will exempt import
Kenya has become a member of the AIIB as it seeks new sources of funding apart from traditional lenders like the IMF and World Bank.
The central banks of China and Mauritius have signed a three-year local-currency swap agreement worth 2 bln yuan. This deal aims to enhance financial cooperation
Nigeria faces economic pressure as the state-owned Nigerian National Petroleum Co. (NNPC) increased gasoline prices by 45% to 897 NGN/liter amid fuel shortages that have
Rwanda’s central bank is optimistic about raising its 2024 GDP growth forecast beyond the current 6.8%, thanks to strong economic performance in the first half
Bolivia’s current account deficit improved to USD 1.6 bln (0.4% of GDP) in Q2 2024, down from USD 2.3 bln (0.6% of GDP) in the
Despite a slower growth rate of 6.7% in the first quarter, Reserve Bank of India Governor Shaktikanta Das remains optimistic about achieving the projected annual
Malaysia’s central bank held its overnight policy rate at 3%, reflecting a supportive monetary stance towards the ongoing strength in economic activity. This stability is
Thailand’s central bank has reaffirmed its commitment to maintaining the inflation target range of 1 to 3%, despite pressure from the government to adjust this
Russian President Putin highlighted Iran as a key market for Russia to restore its gas export volumes, considering various delivery methods including swaps and liquefaction.
Kazakhstan’s services sector experienced a downturn in August, with the PMI falling to a six-month low of 48.5 from 51.4 in July. That indicates a
Uzbekistan reported an annual inflation rate of 10.5% in August, with a monthly rate of 0.53%. Year-to-date inflation as of the end of August reached
Ghana’s commercial creditors have endorsed a government proposal to exchange about USD 13 bln in Eurobonds, integral to the nation’s debt restructuring efforts. The deal,
The IMF is assessing the impact of a Kenyan court decision that overturned new taxes implemented in 2023 before approving further aid. Following anti-government protests
Senegal’s President Bassirou Diomaye Faye is considering calling fresh parliamentary elections to gain a majority needed to implement reforms. This follows his directive for an
Zambia is considering restrictions on using foreign currency for domestic transactions to stabilize its currency. The country is facing an energy crisis. The escalating power
Argentina’s central bank sold USD 6 mln in the official FX market, resulting in net purchases of USD 52 mln MTD. Despite low private demand
Colombian truckers continued their protest against diesel price hikes, marking three days of road blockades. Negotiations with the government are stalled, with truckers demanding a