The World Bank and the Government of Sri Lanka today signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for $200 million. This is the second operation in a two-part series that began in 2022. The first operation, totaling $500 million, was disbursed in June and December 2023.
Read MoreSri Lankan President Anura Kumara Dissanayake met with Takafumi Kadono, the Permanent Representative of the Asian Development Bank (ADB) in Sri Lanka, today (07) the Presidential Secretariat. The President had learned that the ADB has agreed to provide financing for the development of Sri Lanka’s tourism, energy, and small-scale enterprise sectors. Kadono emphasized that all […]
Read MoreThe Inland Revenue Department has collected Rs. 1,417 billion in taxes by September 30, 2024, surpassing 70% of its annual goal of Rs. 2,024 billion. Commissioner General Sepalika Chandrasekara however said that some taxpayers under the self-assessment payment system still owe taxes. Accordingly, starting today, the department officials will visit these taxpayers to expedite the […]
Read MoreUrges prompt resolution of compensation disputes, stresses adherence to law over undue influence. The government has decided to chart out a strategy in order to produce 28,500 megawatts of energy by 2035. A meeting chaired by the Prime Minister KP Oli on Monday at the Prime Minister’s Office discussed various aspects of the energy generation […]
Read MoreMaldives has welcomed more than 1.5 million tourists so far in 2024, indicating a 9.5 percent increment compared to the corresponding period last year. According to the most recent updates from the Ministry of Tourism, tourist arrivals from January 01st to October 06th stood at 1,522,621 whereas in the same period in 2023, arrivals stood at 1,385,883. […]
Read MoreMaldives ensures an amicable investment environment in every economic sector, says President Dr. Mohamed Muizzu, who added investing in the Maldives will reap significant rewards. President Muizzu made the remarks at the India-Maldives Business Forum in New Delhi on Monday, during his ongoing state visit to India. While speaking at the forum, President Muizzu unveiled […]
Read MoreChina’s foreign exchange reserves totaled 3.3164 trillion U.S. dollars at the end of September, up by 28.2 billion dollars, or 0.86 percent compared to the end of August, official data showed Monday. The State Administration of Foreign Exchange said that the U.S. dollar index declined, and global financial asset prices generally increased last month. The […]
Read MoreThe amount of non-banking financial institutions (NBFIs) in the country has increased to Tk 24,711 crore, which is 33.15 percent of the total disbursed loans till June this year. According to the data of Bangladesh Bank, at the end of March, the amount of defaulted loans in this sector was 23 thousand 889 crores, which […]
Read MoreThe Ministry of Transport and Civil Aviation reports an increase in flights passing through Afghanistan’s airspace. Imamuddin Ahmadi, the spokesperson for the ministry, said that in the past week, around 350 flights have passed through the country’s airspace daily. The ministry’s spokesperson stated: “Recently, the number of transit flights through our airspace has significantly increased. […]
Read MoreIn a major change to how Bhutan does projects in the hydropower sector the Cabinet recently gave an in principal approval for the private sector to invest in hydropower. This is part of the government’s Renewable Energy Road Map by 2040 that aims to add 20,000 MW of renewable power by 2040. This means that […]
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