Thousands of Indians business in Kolkata are seeing a loss of livelihood after halting visa registrations to India and banning Bangladesh citizens from their businesses. At a meeting of the Free School Street Traders Association, traders blamed the alleged ongoing “emergency” in Bangladesh would force many of their businesses to shut down, says Telegraph India. […]
Read MoreThe Asian Development Bank (ADB) has approved an additional $100 million loan to support critical infrastructure development through public-private partnerships (PPP) in Bangladesh. “The loan will enhance the financial and institutional capacity of the Bangladesh Infrastructure Finance Fund Limited (BIFFL) to deliver its mandate of fostering an environment that supports sustainable private investments through the […]
Read MoreThe world’s second-largest economy is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt — all of which threaten Beijing’s official growth target for this year. Chinese President Xi Jinping and other top leaders said today (9 December) they would adopt a more “relaxed” approach to monetary policy as […]
Read MoreColombo Dockyard PLC is preparing for a major shift after Japan’s Onomichi Dockyard Company Limited, its majority shareholder, stepped away from the management this week, to allow the company to bring in a new strategic investor. As part of this decision, Onomichi’s nominees to the board: T. Nakabe, K. Kobatake and J. Furukawa, resigned on […]
Read MorePresident Dr. Mohamed Muizzu said on Monday that giving resorts a choice between either exchanging USD 500 per tourist as currently required or exchanging 20 percent of the monthly revenue does not reflect a shift in his stand. The foreign exchange regulation that took effect on October 1 requires tourist establishments to exchange a fixed […]
Read MoreSaudi Arabia has created a new history in the world of soft drinks. The country has launched its first soft drink made from dates. The drink is called ‘Milaf Cola’. The country has brought this cola with the promise of maintaining a balance of taste and nutrition. The drink was launched at the Riyadh Date […]
Read MoreSingapore’s medical inflation rate is projected to be 12.0% in 2025, as high as in 2024. While the trend may be slightly cooling, it is projected to remain elevated over the longer term, according to a report released by WTW, a leading global advisory, broking and solutions company. WTW, in its Global Medical Trends Survey […]
Read MoreThe resumption in purchases shows the People’s Bank of China is still keen to diversify its reserves and guard against currency depreciation, even with gold at historically expensive levels. China’s central bank expanded its gold reserves in November, ending a six-month pause in purchases after prices for the precious metal rose to a record. Bullion […]
Read MoreKolkata has been a gateway of trade between India and Bangladesh for decades, gateway for a wide range of goods. Indian businesses in Kolkata have begun to to feel the pinch as trade between India and Bangladesh continues to slow down. Kolkata has been a gateway of trade between India and Bangladesh for decades, gateway […]
Read MorePresident Anura Kumara Dissanayake has directed rice traders to sell Nadu rice to consumers at a wholesale price of Rs. 225 per kilo and a retail price of Rs. 230 per kilo. The President also instructed the officials Consumer Affairs Authority to closely monitor the situation over the next ten days and strictly enforce the […]
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