Finance Minister Lan Foan told a press conference Beijing will help local governments tackle their debt problems, offer subsidies to people with low incomes, support the property market and replenish state banks’ capital, among other measures. China pledged on Saturday to “significantly increase” debt to revive its sputtering economy, but left investors guessing on the […]
Read MoreThis year’s event – the largest car show in Europe – comes at a pivotal time. Struggling European automakers need to prove they are still in the game, while Chinese rivals are aiming to get a foothold in a competitive market. Chinese and European automakers are going head-to-head at the Paris car show on Monday, […]
Read MoreA draft statement arrived at by consensus by the 10-nation Association of Southeast Asian Nations was put to the 18-nation East Asia Summit meeting in Laos on Thursday evening, the official said. Russia and China blocked a proposed consensus statement for the East Asia Summit drafted by Southeast Asian countries, mainly over objections to language […]
Read MoreTemu’s rapid growth has triggered scrutiny over its low-cost business model of sending parcels to customers from China by several countries. Indonesia has asked Alphabet’s Google and Apple to block Chinese fast fashion e-commerce firm Temu in their application stores in the country so it cannot be downloaded, a minister said on Friday. The move […]
Read MoreTaiwan’s largest carrier has been weighing Boeing’s 777X and the Airbus A350-1000 as replacements for its fleet of 10 Boeing 777-300ERs, mostly used on US and some high-density regional routes, according to industry sources. Taiwan’s China Airlines is not facing any political pressure on its decision about whether to buy Boeing or Airbus aircraft for […]
Read MorePrime Minister of Mongolia Oyun-Erdene Luvsannamsrai left today for Islamabad, the capital of the Islamic Republic of Pakistan to participate in the meeting of the Council of Heads of Government of the Shanghai Cooperation Organization member states to be held on October 15-16, 2024. During the working visit, Prime Minister Oyun-Erdene will take part in […]
Read MoreThe Attorney General informed the Supreme Court today that the government has decided to review the Wind Power Project in Mannar, which involves India’s Adani Group. Deputy Solicitor General Dr. Awanti Perera, appearing on behalf of the Attorney General, informed the Supreme Court that the interim cabinet of the new government has decided to review […]
Read MoreIn celebration of the 13th Royal Wedding Anniversary of Their Majesties, Drukair signed a Purchase Agreement with Airbus for five new aircraft, including three A320neo and two A321XLR models, in Paro yesterday. The three A320neo aircrafts will replace the two A319s ageing planes, ensuring the continuity and efficiency in their fleet operations. Drukair CEO Tandi […]
Read MoreMaldives President Dr. Mohamed Muizzu, on Monday, has decided to ban the import and use of vape in the Maldives. He announced the decision via a post on X. The President, in the post, said he has instructed to ban the import of vaping devices and parts of such devices starting from November 15th and instructed […]
Read MoreOver the past decade, Nepal received foreign direct investment (FDI) commitments worth Rs395.92 billion, but only Rs126.29 billion, or 37.89% of the pledged amount, has materialised, according to data from Nepal Rastra Bank (NRB). Between fiscal year 2014/15 and the last fiscal year, although substantial foreign investment commitments were made, a significant portion failed to […]
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