The fourth tranche of the ongoing $4.7 billion loan programme from the International Monetary Fund (IMF) will include an instalment from an additional $750 million loan, said Finance Secretary Khairuzzaman Mozumder today. The multilateral lender will disburse $645 million, including $80 million from the new loan, on 10 February, Mozumder said during a discussion between […]
Read MoreDuring its regular session on December 18, 2024, the Cabinet of Mongolia discussed The Law on Pensions provided by the Social Insurance Fund of Mongolia (SIF). The law stipulates that “pension amounts shall be increased annually, starting January 1, 2025, based on the average annual inflation rate of the previous year.” In compliance with this […]
Read MoreToday, approximately 2.5 million Uzbeks work abroad. The amount of money they send back to Uzbekistan surpasses the revenue from gold exports, constituting over 14% of the country’s GDP. In 2000, the United Nations General Assembly declared December 18 as International Migrants Day. On the same date in 1990, the International Convention on the Protection […]
Read MoreThe Port of Colombo achieved a significant milestone, surpassing 7 million twenty-foot equivalent units (TEUs) in container throughput by the end of November 2024, marking its highest performance since 2021. This achievement positions the port to close the year with its highest-ever container throughput. As of November, the cumulative container throughput reached 7.1 million TEUs, […]
Read MoreMatrixport, a global leader in crypto financial services, has announced its application for a Financial Services Permission License to operate in Gelephu Mindfulness City (GMC), making it the first licence applicant under GMC’s new financial services and virtual asset regulatory framework. Matrixport plans to offer a comprehensive suite of virtual asset offerings in the GMC, […]
Read MoreThe new deficit plan compares with an initial target of 3% of GDP for 2024, and is in line with a “more proactive” fiscal policy outlined by leading officials after December’s Politburo meeting and last week’s Central Economic Work Conference (CEWC), where the targets were agreed but not officially announced. Chinese leaders agreed last week […]
Read MoreGlobalTix, Asia’s leading ticketing software provider and marketplace distribution platform for the tourism industry, has successfully closed a $5 million Series B funding round. The round was led by Tin Men Capital, a Singapore-based venture capital firm, alongside key investors Seeds Capital and a new addition, a Thai VC firm, ORZON Ventures. GlobalTix Secures $5 Million Series B Funding, Welcomes Thai Investor to Bolster […]
Read MoreThe weight of fulfilling the desires and aspirations of family members back home often falls on the shoulders of young individuals who travel abroad for education. Not only are they expected to sustain themselves, but many also feel obligated to send money home, diverting their focus from their primary goal — education. Sociologist Bahodir Iskandarov, […]
Read MoreEconomic growth in the third quarter of this year was lower than expected, bringing growth rate for the first three quarters to 5 percent, said Byadran Lkhagvasuren, governor of the bank, at a press conference. “This slowdown in growth was primarily driven by weaker-than-expected copper and gold production.” Lkhagvasuren said that the revised forecast reflected […]
Read MoreThe government was able to reach an agreement with the IMF at the third review to raise the income tax threshold from Rs. 100,000 to Rs. 150,000 per month, President Anura Kumara Dissanayake said today. Making a special statement in Parliament, the President said that professionals such as doctors, engineers and bank managers raised concerns […]
Read More
