Indonesia’s new President Prabowo Subianto plans to spend 48.8 trillion rupiah ($2.99 billion) through 2029 to build the new capital city “Nusantara”, with a target of relocating the government there by 2028, the project’s chief said on Tuesday. Construction of the $32-billion Nusantara in the jungle of Borneo island, a legacy project first started by […]
Read MorePakistan has agreed terms for a $1 billion loan with two Middle Eastern banks at a 6%-7% interest rate, its Finance Minister Muhammad Aurangzeb told Reuters on Tuesday, as the South Asian country looks for more financing. “With two institutions we have now gone forward in signing up the term sheet – one bilateral and […]
Read MoreA narrow strip of land hemmed in by some of the world’s highest mountain ranges, the Wakhan Corridor, is a product of the 19th-century ‘Great Game’ between the British Indian Empire and Tsarist Russia. However, this remote part of Afghanistan, officially controlled by the Taliban, is fast becoming strategically important for China, which is negotiating […]
Read MoreSri Lanka’s consumer price inflation dropped to minus 2% year-on-year in December after easing to minus 1.7% in November, official data showed on Tuesday, as the country posted a strong rebound from its worst financial crisis in decades. The National Consumer Price Index captures broad retail price inflation and is released with a lag of […]
Read MoreSamdrupjongkhar–Samrang aims to become an eco-tourism hotspot but much depends on government support. Samrang boasts rich biodiversity and tranquil landscapes, offering immense potential for environmental conservation and local economic development. The gewog’s eco-tourism initiatives include bird watching, lake visits, and night camping, with strong emphasis on sustainability and active community participation. Samrang’s gup, Jigme Singye […]
Read MoreThe Mechi Customs Office reported a 55.70 percent rise in tea exports over the past six months of the current fiscal year 2081/82, with the export value reaching nearly Rs 3 billion during the period from Nepali months of Shrawan to Poush. According to Information Officer Ganapati Kandel, a total of 11,232 metric tons of […]
Read MoreState Secretary of the Ministry of Road and Transport Batbold Sandagdorj and President of the Kuwait Directorate General of Civil Aviation (DGCA) Sheikh Humoud Mubarak Al-Jaber Al-Sabah signed an Agreement on Air Relations between the Government of Mongolia and the Government of Kuwait on January 19, 2025, in Kuwait City. The Agreement establishes a legal […]
Read MoreThe first part of the Budget Session will have nine sittings from January 31 to February 13 when Prime Minister Narendra Modi will respond to the Motion of Thanks on the President’s address and Sitharaman will reply to the discussion on the budget. Parliament’s Budget Session will held from January 31 to April 4, with […]
Read MoreBangladesh’s textile industry, a cornerstone of its economy, is facing mounting challenges as garment makers, particularly knitwear manufacturers, increasingly turn to imported yarn and fabrics despite significant domestic investments. Industry insiders warn the growing reliance on imports could place local spinners at considerable risk. Recent data from the National Board of Revenue shows the scale […]
Read MoreSri Lanka has now set a powerful platform for sustainable economic growth not only in 2025 but also with a three-to-five-year view, a top fund manager said. The current year is expected to be a good one for earnings growth, on the back of the ongoing economic momentum and rebound in tourism. “The ongoing success […]
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