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Bangladesh slams ‘incompetent’ Central Bank post hack theft

Dhaka / Bloomberg Bangladesh’s government lashed out at the central bank in a rare public split as tensions escalate after hackers stole about $101 million from its foreign reserves. Finance Minister Abul Maal Abdul Muhith vowed to take action against Bangladesh Bank after it failed to inform the government immediately when the funds went missing from an account with the ...

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Thailand proposes US$53.78mn budget for cancer vaccine

Bangkok / DPA The National Health Security Office (NHSO) has planned a budget of 1.89 billion baht (US$53.78 million) for vaccination purposes in the coming fiscal year. If the budget gets the green light, hundreds of thousand girls will get human papillomavirus vaccines (HPV) to boost their protection against cervical cancer, one of the nation’s major killers. “We have planned ...

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Osborne looks to Carney to do the heavy economic lifting

Bloomberg Back in 2010, when U.K. Chancellor of the Exchequer George Osborne was kicking off his fiscal squeeze, he rarely tired of saying how his “credible’’ plans gave the Bank of England flexibility on policy. Six years later and the story hasn’t changed much. Cornered by his own pledge to post surpluses from 2020, Osborne must keep tightening the purse ...

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