Distress

Bangladeshi businesses and economists are pressing the government to defer the graduation from the UN’s least developed country (LDC) status. They argue the government needs to consider the impacts on exports, tariffs, loans and patents.

Problems are continuing to mount up in Bangladesh’s economy, including high inflation, as the country attempts to bounce back from years of crisis to secure the next tranche of a IMF loan.

Six banks have been placed under central bank control, with up to $50bn of non-performing loans under scrutiny after looting scandal.

The World Bank, the Asian Development Bank, the Islamic Development Bank and others, are providing support packages worth billions of dollars, to help with financial sector reforms.

After the world’s first multi-currency digital bond offering was oversubscribed, a government spokesperson told FA that tokenised bonds are moving from ‘proof of concept’ into ‘production’.

After a damning Hong Kong court verdict, Chinese developers to face higher financing costs, and the move could set a precedent for future liquidations.

Recent high-profile crises underscore cybersecurity precautions as being paramount. FinanceAsia learns how Australia’s regulatory landscape is fostering improved operational resilience.

Foreign investors should expect to suffer from Evergrande’s woes.

Professor warns of hard landing for China’s property market. Could there be some upside?