Singapore port set a new cargo-handling record of over 40 million twenty-foot equivalent units (TEUs) in 2024, surpassing its 2023 record of 38.8 million TEUs. The new annual throughput record was achieved last December 24, underscoring the port’s consistent “growth and operational excellence,” operator PSA Singapore said in a statement. As the world’s largest transshipment hub, […]
Read MoreThailand’s prime minister, Paetongtarn Shinawatra, has declared £324m in assets including a collection of 217 designer handbags and 75 luxury watches in submissions on her wealth to a government body. Paetongtarn, daughter of the billionaire ex-prime minister Thaksin Shinawatra, took office in September, the fourth member of the powerful family to lead Thailand. Details of […]
Read MoreKassym-Jomart Tokayev shared insights on the nation’s economic trajectory, government performance and policy priorities in an interview with Ana Tili newspaper on Jan. 3. “The government’s task is to ensure economic growth and improve the well-being of citizens. Overall, the Cabinet of Ministers is fulfilling this task. Over the past year, there have been notable […]
Read MoreOperations of state-owned enterprises including Erdenes Tavan Tolgoi JSC, Erdenet Plant SOE, Mongolrostsvetmet SOE, MIAT SOJSC, and State Bank JSC which were profitable with the performance of 2024 and the financial statements for the year-end audit of 2023 were presented to Cabinet session on January 2, 2025. According to the audited financial statements for the […]
Read MoreThe finance ministry has revised the credit growth projection for the fiscal year 2024-25 downward by 3.4 percent to Nu 10.48 billion, mainly due to delays in the disbursement of Economic Stimulus Programme (ESP) loans. The revision, based on the ministry’s September update, contrasts with its earlier projections in June, which anticipated robust loan disbursements […]
Read MoreThe Millennium Challenge Corporation (MCC) Board of Directors has approved $50 million in additional funding for the Nepal Compact. This Board action underscores the shared commitment between MCC and the government of Nepal to advancing Nepal’s development priorities through transformative, high-quality infrastructure projects, the MCC said in a statement. “The additional funding reaffirms our mutual […]
Read MoreSingapore’s economy grew 4.0% in 2024, its fastest annual pace since exiting the pandemic, accelerating from an expansion of 1.1% in 2023 and 3.8% in 2022, preliminary government data showed on Thursday. Gross Domestic Product (GDP) rose 4.3% in the fourth quarter from a year earlier, according to advance estimates from the trade ministry, above […]
Read MoreThailand will continue to pursue free trade agreements (FTAs) this year as part of its strategy to accelerate economic recovery. The scheduled signing of the Thailand-Efta FTA this month represents Thailand’s first pact with European nations. The government is also working to finish negotiations with key partners such as the EU, South Korea, Asean-Canada and […]
Read MoreBangladesh’s merchandise exports experienced positive growth for the fourth consecutive month, increasing by 17.72% year-on-year in December, primarily driven by readymade garment (RMG) shipments. Export earnings grew 12.84% year-on-year in the first half of the current fiscal year, reflecting the resilience of the apparel sector, which has performed well despite production disruptions caused by prolonged […]
Read MoreGanga Tamang, from Chobhar, runs a small grocery and tea shop. She never imagined needing a bank account since her husband manages all their finances. At 43, she became a proud bank account owner, thanks to the digital payment system. “As customers kept on querying about quick response (QR) code payment, two years ago, my […]
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