Bhutan’s exports to India and other countries, including electricity, increased by over 13 percent as of September this year, compared to the same period last year. Export earnings reached Nu 46.8 billion as of September, up by Nu 5.32 billion from last year. This year exports are expected to be more than the pre-pandemic level. […]
Read MoreThe Sri Lanka Shippers’ Council claimed that the government coffers could be losing as much as two-thirds of potential border tax revenue, due to corrupt activities by the officials in key border agencies. Shippers’ Council Chairman Sean Van Dort, speaking at the Colombo International Maritime and Logistics Conference last week, alleged that these illicit funds […]
Read MoreLhuentse—With more than 71 percent of the project completed, the 32MW Yungichhu Hydropower Project in Lhuentse is on track to begin operations by September 2025. Druk Hydro Energy Limited (DHyE), a subsidiary of Druk Green Power Corporation (DGPC), is developing the project. More than 83 percent of headworks components, encompassing construction of intake structure, main […]
Read MoreA total of 1,000 tons worth of goods have been transported via the sea-to-air service provided at the Velana International Airport (VIA). The Maldives Airports Company Limited (MACL), which operates the airport, confirmed that with Virgin Atlantic signing up for the service on Monday, VIA will be extending the seat-to-air service to a total of […]
Read MoreSri Lanka’s merchandise export earnings in October 2024 climbed to US$ 1.097 billion, marking an 18.22 percent year-on-year increase, driven by higher earnings from key export categories, including apparel and textiles, tea, rubber-based products, coconut-based products, and spices and concentrates. On a month-on-month basis, export earnings in October expanded 8.44 percent compared to September 2024. […]
Read MoreNepali officials were paid $2.5 million in bribes to seal the contract for the $209.6-million Airbus deal, the largest in Nepal’s aviation history, charging documents filed in the US court show. Deepak Sharma, a former executive of the US-based aviation services provider AAR, pleaded guilty in July earlier this year to conspiracy to violate the […]
Read MoreMalaysia’s air passenger traffic for the first 10 months of the year reached 80.3 million, putting the country on track to meet the Malaysian Aviation Commission’s (Mavcom) full-year forecast of 95.4 million to 97.6 million passengers. Mavcom attributed the growth to a steady recovery in domestic and international travel, building on the strong performance recorded […]
Read MoreThe owner of a car dealership was fined S$1.5 million (US$1.1 million) on Monday (Dec 2) for evading duty and Goods and Services Tax (GST) on 427 vehicles that were imported into Singapore. Jason Liang Huan Shuo, the owner of JDM Automobile and a partner at Autogallery@JDM, pleaded guilty to two charges under the Customs […]
Read MoreAccording to customs statistics, Tajikistan has exported over 4,300 tons of antimony ore and concentrates over the first nine months of this year, valued at approximately US$14 million. This achievement has positioned the country as the world’s second-largest exporter after China. With China imposing restrictions on antimony exports, Tajikistan has emerged as a key supplier […]
Read MoreThe Maldives Monetary Authority (MMA) has reported that a total of 98 parties have submitted for money exchange license under the newly enacted Foreign Exchange Regulation, while 163 of the previously issued licenses have been cancelled. Under the “Foreign Exchange Regulation” two tiers of licenses are issued, which include ‘Tier 1’ and ‘Tier 2’ money […]
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