Sri Lanka’s budget is getting into fine shape with substantially higher revenues made possible from higher taxes which are further supported by the robust recovery seen in the economy this year. This has helped to further narrow the overall deficit while putting the primary balance in surplus for the second year running. According to the […]
Read MoreThe Maldives Marketing and Public Relations Corporation (MMPRC/Visit Maldives) has announced the ambitious target of generating USD 5 billion in tourism receipts for 2025 following a record-breaking year of tourist arrivals in 2024. The announcement was made by Abdulla Ghiyas, the Chairperson of MMPRC, and Ibrahim Shiuree, the Managing Director and CEO of MMPRC at […]
Read MoreIndia is considering cutting income tax for individuals making up to 1.5 million rupees ($17,590) a year in February’s budget to provide relief to the middle class and boost consumption as the economy slows, two government sources told Reuters. The move could benefit tens of millions of taxpayers, especially city dwellers burdened by high living […]
Read MoreChina will launch an investigation into beef imports, the commerce ministry said on Friday, as the world’s biggest meat importer and consumer grapples with an oversupplied market that has sent domestic prices to multi-year lows. Any trade measures to try to reduce beef imports would hit China’s largest suppliers, Brazil, Argentina and Australia. China’s total […]
Read MoreOil prices edged higher on Thursday in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the world’s biggest oil importer, while an anticipated decline in U.S. crude inventories also provided support. Brent crude futures rose 22 cents, or 0.3%, to $73.80 a barrel by 0450 GMT. U.S. West Texas Intermediate crude […]
Read MoreThe Ministry of Food, Agriculture, and Light Industry of Mongolia and 10 commercial banks of Mongolia have signed a Financing Agreement for the Working Capital and Investment Loans to Support Wool, Cashmere, and Leather Processing Industry. The Signing Ceremony was attended by Minister of Food, Agriculture and Light of Mongolia Industry Enkhbayar Jadamba, Governor of […]
Read MoreSince the start of the mandarin export season on November 30, Bhutan has exported 185,703 boxes of oranges to Bangladesh, generating USD 2.384 million in revenue as of yesterday. According to the Department of Agricultural Marketing and Co-operatives (DAMC), 27 exporters are using five key gateways—Gelephu, Samdrupjongkhar, Samtse, Phuentsholing, and Nganglam—to facilitate the shipments. A […]
Read MoreThen managing director of Nepal Airlines Sugat Ratna Kansakar had sent a draft of the request for proposal (RFP) for procuring two Airbus A330s to AAR Corp, the US-based global aerospace company, well in advance, to tweak conditions in favour of the AAR. Then, the clauses in the draft were cunningly adjusted and sent back […]
Read MoreThe three large state refiners- Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum – are short of 8-10 million barrels of Russian oil for January loading. Indian state refiners are considering tapping the Middle East crude market as spot supply from their top supplier Russia have fallen, three refining sources said, in a move […]
Read MoreUber, Delivery Hero and Foodpanda did not immediately respond to requests for comment outside regular business hours. Taiwan has blocked Uber Technologies’ $950 million purchase of Delivery Hero’s Foodpanda business on the island because of anti-competition concerns, Bloomberg News reported on Wednesday, citing Taiwan’s official Central News Agency (CNA). Uber, Delivery Hero and Foodpanda did […]
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