The country’s merchandise exports grew by over 7% to $4.5 billion in January, compared to $4.2 billion in the same month a year ago, driven largely by an increase in shipments of ready-made garments. With this, export earnings surpassed $29 billion in the first seven months of the current fiscal year, reflecting growth of over […]
Read MoreIn 2024, the average monthly salary in Uzbekistan increased by 17.4% compared to the previous year, reaching 5.357 million UZS, with the highest average salary recorded in Tashkent at 9.1 million UZS, according to statistical data. The regions that followed Tashkent in terms of average salaries are as follows: Navoi region – 6.7 million UZS; […]
Read MoreThis time India has announced a major income tax cut. The budget was presented for the eighth time in the country on Saturday. According to the new tax structure, the tax-free income limit has been increased to Rs 12 lakh. NDTV. Indian Finance Minister Nirmala Sitharaman has said that no income tax will be paid […]
Read MoreThe government’s external debt burden is rising at a pace far outstripping revenue growth, pushing the debt-to-revenue ratio dangerously close to the IMF’s 18% threshold by the end of fiscal 2023-24, according to a recent Economic Relations Division (ERD) report. The debt-to-revenue ratio surged to 16.53% in FY24, up from just 12% a year ago, […]
Read MoreMMBL-Money Transfer was responsible for bringing in a record US $ 350.8 million in foreign exchange into Sri Lanka in 2024. This represents 5 percent of the total worker remittances that came into the country last year. This also accounts for 77 percent of the overall Western Union remittances to the country. MMBL-Money Transfer is […]
Read MoreSri 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 […]
Read MoreZhemgang—The restoration of Zhemgang Dzong will begin in the second fiscal year of the 13th Plan, with a budget of Nu 325 million allocated for the project. The Department of Culture and Dzongkha Development (DCDD) has completed the detailed project report (DPR). Funded entirely by the Royal Government of Bhutan, the project is among eight […]
Read MoreAround 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 […]
Read MoreThailand’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 […]
Read MoreIndonesia’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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