Deputy Speaker of the Parliament Meets with the ADB Country Director for Mongolia

On January 29, 2025, Deputy Speaker of the State Great Khural (Parliament) of Mongolia Bulgantuya Khurelbaatar met with Country Director of the Asian Development Bank (ADB) for Mongolia Shannon Cowlin. At the meeting, Deputy Speaker Bulgantuya Khurelbaatar expressed appreciation for the ADB’s continuous cooperation with Mongolia since 1997, particularly through grants and technical assistance projects […]

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by Mahadi

India raises alarm over Maldives’ recent trade pacts, without naming China and Turkey

India is concerned recent trade pacts signed by the Maldives will likely hurt the archipelago’s cash-strapped economy, the Indian foreign ministry said on Friday, in a reference to agreements between the Maldives and China, as well as Turkey. China and India both vie for influence in the strategically located Indian Ocean nation, whose $7.8 billion […]

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by Mahadi

Sri Lanka records highest deflation in 65 years

Sri Lanka’s consumer prices fell by 4% in January, the highest deflation rate since July 1960, official data showed Friday, as the South Asian nation emerges from its worst economic meltdown. January was the fifth consecutive month of deflation, according to the Colombo Consumer Price Index. Inflation hit a record 69.8% in September 2022 at […]

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by Mahadi

86% of economic units facing capital crisis, 34% denied loans: BBS census

Around 86% of the country’s economic units (establishments engaged in economic activities) are facing capital challenges, with 34% not getting easy loans, according to the latest Economic Census 2024, conducted by the Bangladesh Bureau of Statistics (BBS). Planning and Education Adviser Wahiduddin Mahmud termed the situation unfortunate, stating, “Thousands of crores of taka have been […]

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by Mahadi

Myanmar junta extends state of emergency to support election preparations

Myanmar’s ruling military has extended a state of emergency for another six months, state media reported on Friday, a day ahead of the four-year anniversary of a coup that plunged the country into chaos after a decade of tentative democracy. Myanmar has been locked in a civil war triggered by the military’s overthrow of the […]

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by Mahadi

Thailand’s economy may underperform with consumption weak, warns central bank chief

Thailand’s economic growth may falter at under 2.9% this year after a weaker-than-expected fourth quarter despite a vaunted government cash handout aimed at firing up sluggish growth, the central bank chief said on Thursday. The Bank of Thailand previously anticipated that the economy could expand by 2.9% this year, lower than the finance ministry’s projection […]

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by Mahadi

Taiwan president tells Pope Francis global bodies should stop excluding island

Global bodies should stop excluding Taiwan for political reasons, President Lai Ching-te told Pope Francis in a letter, adding that he agrees war has no winners. The Vatican is one of only 12 countries to retain formal diplomatic ties with Chinese-claimed Taiwan, and Taipei has watched with concern efforts by Beijing and the Holy See […]

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by Mahadi

Bigger meals budget to add 2 pct points to Indonesia’s growth, president’s adviser says

Indonesia’s additional budget of 100 trillion rupiah ($6.14 billion) for its programme to give free meals to school children this year will add nearly 2 percentage points to the country’s growth, an aide to President Prabowo Subianto said on Friday. Prabowo’s signature free meal programme began earlier this month and had initially targeted reaching about […]

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by Mahadi

Dutch privacy watchdog to launch investigation into China’s DeepSeek AI

The Netherlands’ privacy watchdog AP on Friday said it will launch an investigation into Chinese artificial intelligence firm DeepSeek’s data collection practices and urged Dutch users to exercise caution with the company’s software. “The AP is (issuing this) warning because of the serious concerns that there are over DeepSeek’s privacy policies … and the way […]

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by Mahadi

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