The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has shut production at 12 risky buildings in and around Dhaka, in its first move to tighten compliance in the apparel sector after the fatal Rana Plaza collapse on April 24.
Myanmar's currency has plunged more than 7 percent over the past month to the lowest since it was floated last year, raising concern about economic stability in Asia's newest democracy.
Sri Lanka's central bank Friday cut benchmark lending rates by 50 basis points, saying the move was to designed to encourage growth amid sluggish economic activity this year.
The International Monetary Fund (IMF) said Monday it is "carefully" monitoring massive capital flows into Asia and urged the region's policymakers to guard against risks of overheating.
The number of internationa l shipments at Yangon port has doubled within one year, the highest volume in a decade, according to Myanmar Port Authority.