The government is increasingly funding its operational expenditures through significant domestic bank borrowing. This fiscal strategy is driven by a combination of record-breaking deficits in tax collection and a substantial shortfall in anticipated foreign financial assistance. Despite these constraints, the state must sustain essential expenditures, including public sector salaries, allowances, interest payments on existing debts, […]

Bangladesh’s foreign exchange reserves have risen further, with the country’s gross reserves reaching US$34.82 billion, according to the latest figures released by Bangladesh Bank. The central bank reported that gross foreign exchange reserves stood at US$34.82183 billion as of 3 June. The information was confirmed on Wednesday by Bangladesh Bank Executive Director and spokesperson Arif […]

The Philippine insurance industry is projected to grow at an average annual rate of 9.6% over the next decade, outpacing the country’s expected nominal gross domestic product (GDP) growth of 8.3%, according to the Allianz Global Insurance Report 2026. The forecast highlights the sector’s expanding role in the Philippine economy and positions the country among […]

A growing number of Australian workers are being driven to purchase private hospital insurance after recent wage increases pushed their incomes above the threshold for the Medicare Levy Surcharge (MLS), exposing them to additional tax liabilities if they remain uninsured. The trend has emerged as salary growth across various sectors has lifted many employees into […]