Bangladesh’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 […]
Read MoreThis orange export season has proven to be fruitful for Pelden Export and Import, a leading exporter in the south, with 74 consignments of oranges shipped to Bangladesh this winter. The company’s total investment was around Nu 25 million, marking apositive economic boost for the stakeholders involved. The oranges were sourced locally from about 125 […]
Read MoreNepal has sharply increased Everest climbing permit fees and introduced a slew of measures aimed at controlling garbage pollution and preventing accidents on the planet’s tallest peak. Under the revised rules, every two climbers must hire a guide to climb any mountain over 8,000 metres, including Everest. The revisions, which were approved in the Cabinet […]
Read MoreThe rent for the residence of former President Mahinda Rajapaksa was valuated as Rs. 4.6 million per month and he could either pay the rent or leave the residence, President Anura Kumara Dissanayake said today. He told a meeting in Katukurunda that according to the Act, former Presidents are entitled to either a residence or […]
Read MoreThe country’s debt is estimated to surge by 12 percent to finance the fiscal gap and hydropower loans in this fiscal year 2024-25, the finance ministry has estimated. In absolute figures, the debt is estimated debt at Nu 319.07 billion compared with the previous fiscal year’s debt of Nu 285.18 billion. In terms of the […]
Read MoreNepal Finance Minister Bishnu Prasad Paudel claimed that the country’s economy was moving towards improvement in comparison to the past with the reform efforts yielding results. The economic indicators have shown gradual improvement of country’s economy, Minister Paudel said at a press meet and interaction organized here today by the Finance Ministry. “We have not […]
Read MoreIn recent months, Foxconn factories across China have seen mass layoffs and resignations. Workers have been seen leaving their workplaces with their luggage and families in long lines, the Financial Post reported. Videos circulating online show distressed workers standing in line from morning to noon, talking about their problems. A large crowd of employees was […]
Read MoreIn India, there is a “conducive quickening” of high-frequency economic activity indicators in the second half of 2024-25, signalling implicit pick up in real gross domestic product growth for this period, the Reserve Bank of India said. India’s economic growth is poised to rebound as domestic demand regains strength, but “stickiness” in food inflation warrants […]
Read MoreAn article dedicated to the export potential of Uzbekistan was published in Hungary’s leading online publication, Hello Magyar, highlighting the country’s systematic efforts to achieve the goal set in the “Uzbekistan – 2030” strategy, which aims to increase the private sector’s share in exports to 60 percent. It is noted in the article that from […]
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