Finance Minister Lekey Dorji announced that the Nu 3.3 billion concessional credit line under the Economic Stimulus Programme (ESP) will now be managed by the Bhutan Development Bank Limited (BDBL). The decision, which aims to address operational inefficiencies and improve loan processing times, was made following a recent meeting between the Cabinet and the management […]
Read MoreBangladesh could face a potential 20% decline in exports to the European Union if it fails to implement timely and effective policies, especially in comparison to its close competitors, said experts and entrepreneurs at a discussion today (27 November). Additionally, the country’s upcoming graduation from Least Developed Country (LDC) status may further slow export growth, […]
Read MoreAs of November 25, 2024, the official foreign exchange reserves of Mongolia exceeded USD 4.9 billion, an increase of USD 38.8 million or 0.8 percent compared to the beginning of this year. This is the amount that satisfies the country’s foreign exchange-paid import needs for 5.1 months, according to the Bank of Mongolia. The increase in foreign exchange reserves was mainly due to the improvement in the USD flow into Mongolia, including export […]
Read MoreThe Bank of Maldives (BML) on Thursday announced the launch of the country’s first-ever Shari’ah Compliant BML Islamic Visa Credit Card. The BML Islamic Credit Card is offered based on the principle of Ujrah. Ujrah is the concept of charging an agreed fee for providing services to a customer. According to BML, the card is […]
Read MoreIn an effort to capitalise on the momentum of the rapid progress in debt restructuring, collective effort is key for supporting Sri Lanka’s success in this area, the International Monetary Fund (IMF) said. As the authorities continue to finalise the remaining debt restructuring agreements, IMF Managing Director Kristalina Georgieva emphasised that high creditor participation is […]
Read MoreBangladesh’s foreign loan commitments from development partners plummeted by a staggering 93% year-on-year in the first four months of the current fiscal year, according to data from the Economic Relations Division (ERD). Between July and October, only $254.57 million in commitments was received, compared to $3.628 billion in the equivalent period of the previous fiscal […]
Read MoreThe bombshell indictment in New York on Wednesday accusing Adani and his associates of paying more than $250 million in bribes to secure lucrative government contracts sparked a frenzied sale of stocks. Indian billionaire Gautam Adani’s feverish push to expand his global energy and infrastructure empire has been knocked by US bribery charges, but analysts […]
Read MoreStarting 30 November, travellers from Bulgaria, Romania, Malta, Croatia, Montenegro, North Macedonia, Estonia, Latvia and Japan will be able to enter China for up to 30 days without a visa. China announced Friday (22 November) that it would expand visa-free entry to nine more countries as it seeks to boost tourism and business travel to […]
Read MoreThe international credit rating agency Moody’s on 19 November lowered Bangladesh’s sovereign rating from B1 to B2 and maintained its short-term issuer rating as Not Prime, while also shifting the outlook to negative. Bangladesh Bank has discounted the Moody’s recent downgrade of Bangladesh’s sovereign credit rating, arguing it does not accurately reflect the significant political […]
Read MoreThe office of the Deputy Prime Minister for Economic Affairs in a statement said that 415 billion afghani have been invested in the exploration, extraction, and processing of 21 major mines in Afghanistan. These mines include gold, iron, ruby, chromite, cement, coal, lead, and zinc, most of which are located in the provinces of Ghor, […]
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