In the first 11 months of 2024, Mongolia traded with 158 countries from all over the world, and the total trade turnover reached USD 25.2 billion, of which USD 14.6 billion were exports and USD 10.6 billion were imports, and the foreign trade balance was in a surplus of USD 4.0 billion. Specifically, the total […]
Read MoreThe year 2024 has set a historic record for the highest number of Sri Lankans migrating for work, with 312,836 individuals leaving the country for employment opportunities overseas. This surpasses the previous record set in 2022 and highlights a significant trend of labor migration in recent years. Over the past six years (2019–2024), 1.3 million […]
Read MoreJapanese Prime Minister Shigeru Ishiba’s cabinet on Friday approved a record $730 billion budget for the next fiscal year, while limiting new bond issuance to the lowest in 17 years on the back of record tax revenue. However, Ishiba’s minority government faces a tough political battle with opposition parties to pass the budget through parliament […]
Read MoreThe Indian rupee weakened slightly on Tuesday, tracking modest declines in other Asian peers, while volumes were relatively muted on the last trading day of 2024. The rupee was at 85.59 against the U.S. dollar as of 09:45 a.m. IST, down from its close at 85.5350 in the previous session. The dollar index was little […]
Read MoreIndonesia’s President Prabowo Subianto on Tuesday said a planned increase in value-added tax (VAT) rate by one percentage point to 12% effective Wednesday, Jan. 1, will apply only to luxury goods and services. Prabowo said the decision should end speculation over which items and services would be affected by the VAT increase. The decision also […]
Read MoreApplicant numbers, which surged by over 400,000 from last year and have tripled since 2014, reflect the huge demand for stability from disillusioned Gen Z Chinese and the lack of attractive options in the private sector even though local governments are struggling to pay wages due to a fiscal crisis. A record 3.4 million young […]
Read MoreThe Royal Audit Authority (RAA) exposed major financial mismanagement, corruption, and irregularities in Pemagatshel Dzongkhag, making it the worst-performing dzongkhag among those reviewed. The Annual Audit Report 2023-24 highlighted Nu 4.74 million in misappropriated funds by the Zambala Farmers Group, which operates a Milk Processing Unit (MPU) in Norbugang gewog. Instead of depositing sales proceeds […]
Read MoreThe Taliban government says it will close all national and foreign nongovernmental organisations (NGOs) employing women in Afghanistan. In a letter published on X on Sunday night, the country’s Ministry of Economy warned that failure to comply with the latest order would lead to NGOs losing their licence to operate in Afghanistan. The directive came […]
Read MoreThe arrival of private jets to the Maldives has shown an uptick in numbers as the island nation is currently observing its peak tourism season. Tourist arrivals increase to the tropical destination as many of these travelers are escaping the winter season in their home countries but are still looking to celebrate the festivities that […]
Read MoreAccording to data from the Bangladesh Bank, remittances through formal channels totalled $26.67 billion from January to 28 December, an increase of about $4.7 billion from $21.92 billion in 2023. Bangladesh received nearly $27 billion in remittances this year – reflecting a 22% year-on-year increase – bolstered by a 9% rise in the official dollar […]
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