Wheat fields stretching to the horizon are a familiar sight across Uzbekistan, where the grain is more than just a staple – it’s a lifeline. Over the past 20 years, wheat production in the country has grown by a staggering 700%, ensuring food security and supporting livelihoods. However, this remarkable growth has come with a […]
Read MoreRemittances from Sri Lankans working abroad have continued to be strong providing much needed heft for the country’s strengthening external sector and thereby the broader economy. According to the data available through January 2025, Sri Lankans working abroad had sent back US$ 573.0 million via official channels, up sharply from the US$ 487.6 million recorded […]
Read MoreThe “Sor Cashmere” company collaborates with more than 150 local knitting workshops and exports its products to 17 countries, including the Federal Republic of Nepal, Japan, the Russian Federation, the People’s Republic of China, the United States, the Republic of Korea, the Italian Republic, the Republic of Kazakhstan, and the Republic of India. The company […]
Read MorePresident Anura Kumara Dissanayake stressed that Sri Lanka’s only viable path for recovery is to continue on the current International Monetary Fund (IMF)-backed path and to build up the economy on this foundation. He shared these remarks at the 26th Presidential Export Awards Ceremony held in Colombo yesterday. “Either we can collapse with this foundation […]
Read MoreThe government’s ambitious target to attract Nu 500 billion Foreign Direct Investment (FDI) over the next five years seems a long way off if FDI inflow in 2024 is any indication. Only 17 projects worth Nu 15.96 billion were approved in 2024, according to the latest FDI Annual Report. This is, however, a 110 percent […]
Read MoreThe country has received Rs 763.08 billion in remittances during the first half of the current fiscal year, according to the Ministry of Finance. In its mid-term review report, the Ministry noted that remittance inflows grew by 4.1 percent compared to the same period last year. However, remittance inflows had increased by 22.2 percent during […]
Read MoreAbout 500 workers at Samsung’s (005930.KS), opens new tab plant in south India are holding a sit-in to protest against the suspension of three employees, and the company has deployed contract workers to fill the gap, two sources said. It was the second significant labour dispute in less than six months at the plant in […]
Read MoreThe Indian rupee declined to its lifetime low on Thursday as a dip in Asian peers added to the prevailing bearish outlook on the currency a day before a crucial monetary policy decision. Uncertainty about U.S. trade tariffs and persistent portfolio outflows have hurt the rupee over the last two months and made it the […]
Read MoreAt the regular Cabinet meeting on February 5, 2025, Minister of Economy and Development Gantumur Luvsannyam presented the criteria for the “Doing Business” report. In this regard, Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai instructed relevant officials to eliminate barriers and bureaucracy when starting businesses and reduce state involvement in economic activities. The Economic Development Council, headed by the Prime […]
Read MoreShah Mohammad Mehrabi, a board member of the Fund for the Afghan People (the Afghan Fund), told TOLOnews that since the fund’s establishment, its profit has reached $440 million. According to Mehrabi, the fund was created to stabilize the exchange rate, control price levels, and maintain financial stability within the country. Mehrabi said: “Currently, the […]
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