Afghanistan’s Exports Decline by $54 Million Amid Trade Challenges

The National Statistics and Information Authority has announced that Afghanistan exported goods worth over $667 million in the first six months of the current solar year. According to the spokesperson of this authority, the value of exports in the first six months of this year decreased by nearly $54 million compared to the same period […]

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Board of Investment to launch US$ 7.25 mn mixed-development project in Colombo

The Board of Investment (BOI) of Sri Lanka has entered into a collaboration deal worth US$ 7.25 million to kick start a mixed development project in Colombo 03. The project carried out in partnership with K.K. N.holdings will feature the construction of an exclusive 19-storey office space building in the city, according to a BOI […]

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As world transitions, Bangladesh ranks 4th in coal power development

A suite of problems continues to plague this fuel, further complicated by political unrest throughout the country in July and August 2024 The global energy transition away from coal has accelerated over the past ten years, evident by the fact that the number of nations with coal power under development [pre-construction and construction] has nearly […]

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ADB, APU Dairy Sign $20 Million Loan to Strengthen Mongolia’s Dairy Sector, Improve Food Security

The Asian Development Bank (ADB) and APU Dairy LLC have signed a $20 million (equivalent in Mongolian togrog) loan to support nomadic herders by integrating them into the dairy value chain, enhancing dairy processing capacity, and promoting sustainable herd management practices. The project will boost Mongolia’s dairy supply and strengthen its food security through domestic […]

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3 Billion Afghani Saved in National Contracts, Says Deputy PM’s Office

The Economic Deputy Office of the Prime Minister’s Office has announced that approximately 3 billion afghani have been saved in the contracts of projects approved by the National Procurement Commission. According to this office, the National Procurement Commission has so far approved 317 large and small projects with a total value of about 85 billion […]

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Forecast grant MVR 1.2 bil, half of it not received

The statistics from the Ministry of Finance has revealed that half of the projected MVR 1.27 billion in grants was not received to the Maldives government this year. The ministry shared its Weekly Fiscal Developments as of November 21st, which provides insight of the government’s cumulative expenditure and revenues. According to the statistics for the […]

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New government not taking hasty decisions on SOE restructuring : Sri Lankan President’s Economic Advisor

Senior Economic Advisor to the President Duminda Hulangamuwa claims that the new government is encouraging the private sector to be at the forefront of economic development in the country. However, he noted that the government will retain control over strategic sectors of public interest. Joining Ada Derana’s current affairs program, ‘@HydePark’, Hulangamuwa highlighted that the […]

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Elderly community leaders to join poverty reduction efforts in Uzbekistan

Uzbekistan will engage active elders in poverty reduction in their mahallas (neighborhoods) with a monthly payment. Nuroniy foundation will allocate 10 million soums ($777) annually to each of about 10,000 mahallas for elderly sports programs. A total of $39 m will be provided from the state budget. Uzbekistan will engage respected and experienced elders in […]

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Afghanistan Nears Self-Sufficiency in Poultry Production

The Ministry of Agriculture, Irrigation, and Livestock of Afghanistan said that since the return of the Islamic Emirate to power, the number of poultry farms in the country has increased from 3,000 to 15,000. Misbahuddin Mustaeen, the spokesperson for the ministry, emphasized that Afghanistan has now nearly achieved self-sufficiency in poultry meat production. “When the […]

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Sri Lanka’s construction sector regains momentum after election-related uncertainty

The construction sector shifted gears in October, looking past the election-related jitters, as the sector got into high gear, shifting to an expansion from a brief contraction in September. The Purchasing Managers’ Index (PMI) for the construction sector showed the index coming in at 54.3 for October, from 48.6 index points in September. The construction […]

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