Economic diversification crucial for Bhutan: World Bank report
Bhutan needs to diversify its economy beyond the hydropower sector alongside reforms in agricultural and financial sectors for long-term growth and job creation for youth, according to the World Bank’s new report ‘Bhutan Country Economic Memorandum’. The World Bank’s Resident Representative for Bhutan, Adama Coulibaly, said that economic diversification is crucial for Bhutan to increase […]
Read MoreMoU signed with China for transactions in local currency for imports
The government of Maldives has signed a Memorandum of Understanding (MoU) with the People’s Bank of China (PBOC) which establishes the framework for the settlement of current account transactions and direct investment in local currencies. With Maldives facing a shortage of US Dollars, the current administration is undertaking efforts to execute such agreements with friendly […]
Read MoreMongolia PM Directive on Implementing 14 Mega Infrastructure and Development Projects Formalized
The Government of Mongolia held its regular session on September 11, 2024. In line with the approval of the 2024-2028 Action Program of the newly formed Joint Government, established as the result of the 2024 parliamentary elections, Prime Minister Oyun-Erdene Luvsannamsrai issued a directive to ensure the implementation of socially and economically significant projects and […]
Read MoreLet’s work together to build a new Bangladesh: Bangladesh Chief Advisor to Businessmen
The Chief Advisor of the Interim Government has reiterated his determination to build a new Bangladesh with people from all walks of life. Muhammad Yunus. He said that we want to make use of the opportunity given by the students to change Bangladesh from rotten Bangladesh to a new and fresh one. On the other […]
Read MoreTAPI: A Step Towards Afghanistan’s Self-Sufficiency in Gas
After the commencement of the TAPI project in Afghanistan, it is expected that upon its completion, the country’s gas needs will be met, and Afghanistan’s revenues will increase as well. This project, which holds significant importance at the regional level, will not only provide employment opportunities for over twenty thousand people but also supply the […]
Read MoreChina’s grain production has increased more than 5 times in 75 years
Since the founding of the People’s Republic of China, China’s agricultural economy has developed steadily and its industrial structure has been optimized and upgraded. Over the past 75 years, China’s crop production has made great strides and food security has been ensured. Crop production in 2023 is 1.3908 trillion quintals, an increase of 1 trillion […]
Read MoreAfter the fall of Sheikh Hasina, 70 percent of Kolkata’s hotels are empty
Kolkata’s New Market, Marquis Street was thronged with people from Bangladesh even a few months ago. But Kolkata has been almost devoid of Bangladeshi tourists since last July due to the unrest surrounding the quota reform movement and the aftermath of former Prime Minister Sheikh Hasina fleeing the country and taking refuge in India. BBC […]
Read MoreWork on TAPI Project in Afghanistan to Begin on Wednesday
The Ministry of Mines and Petroleum has announced that work on the TAPI (Turkmenistan-Afghanistan-Pakistan-India) project is set to begin in Afghanistan tomorrow (Wednesday), with senior officials from the Islamic Emirate and Turkmenistan in attendance. According to ministry spokesperson Homayoon Afghan, all preparations for the TAPI project have been finalized. Once work begins, the project is […]
Read More2,500 sq km Gelephu Mindfulness City to focus on 7 core economic clusters
GMC is strategically focused on seven core industries, each playing a vital role in shaping the city’s future. These are education, finance, green energy and tech, health and wellness, spirituality, agri-tech and forestry and airport economy. Education and Knowledge The Education Cluster in the GMC is cornerstone of the city’s emerging knowledge economy, supporting and […]
Read MoreThe value of the Afghan currency rose against the dollar
While the currencies of many countries around the world are depreciating against the US dollar, the value of Afghanistan’s currency has increased. The country’s central bank said on Thursday that the value of the Afghani against the dollar has increased by 17.25 percent in the past year. The central bank also said that last year, […]
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