2,500 sq km Gelephu Mindfulness City to focus on 7 core economic clusters

GMC is strategically focused on seven core industries, each playing a vital role in shaping the city’s future. These are education, finance, green energy and tech, health and wellness, spirituality, agri-tech and forestry and airport economy. Education and Knowledge The Education Cluster in the GMC is cornerstone of the city’s emerging knowledge economy, supporting and […]

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The value of the Afghan currency rose against the dollar

While the currencies of many countries around the world are depreciating against the US dollar, the value of Afghanistan’s currency has increased. The country’s central bank said on Thursday that the value of the Afghani against the dollar has increased by 17.25 percent in the past year. The central bank also said that last year, […]

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Maldives loses USD 500 million yearly as remittance

Expatriate workers in the Maldives send USD 500 million abroad yearly as remittance, says Economic Minister Mohamed Saeed. In an appearance on the Public Service Media (PSM)’s ‘Raajje Miadhu’ program on Tuesday evening, Saeed said that the high remittance isn’t a new problem, but a longstanding one that the Maldives has been facing for years. […]

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Turkmenistan started production of baby food under the AMC brand from Arkadag

The Arkadag City Medical Cluster (Arkadag Medisina Klasteri) is expanding its product range by starting production of baby food. Now, under the AMC brand, micronutrient-rich cereals are produced, such as rice porridge, rice porridge with banana, semolina porridge with honey and seven-grain porridge. These products are recommended by medical experts for children from six months […]

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China wants to be free of US technology

China, the world’s second largest economy, wants to free itself from dependence on the US technology sector. For that reason, like many other things, various government authorities of the country no longer want to use foreign hardware. But Chinese government authorities still use Western hardware and software. The country is giving importance to these replacements […]

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Maldives Agricultural Economic Zone’s practical work to begin later this year

The practical work of developing the Agricultural Economic Zone will start later this year, Economc Minister Mohamed Saeed has said. The zone, to be developed in Uthuru Thila Falhu, is part of a $250 million project awarded to China’s Harbor Engineering Company Limited. Speaking to reporters at a press conference held at the President’s Office, […]

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South Korea’s Yoon says $830 billion public pension fund needs urgent reform

There had been a loss of confidence in the pension system across generations and there was a need for fundamental and sustainable reform to restore the trust of those who needed it in retirement, Yoon told a televised briefing South Korean President Yoon Suk Yeol said on Thursday the national pension fund, one of the […]

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Dollar supply has increased due to reduced smuggling in Bangladesh, some relief in foreign exchange management

In recent times, dollar smuggling from the country in the name of import-export and through online banking channels has reduced to a large extent. At the same time export income, remittance flow increased, import expenditure decreased. Inflow of foreign donations has also started to increase. All these costs have decreased slightly compared to foreign exchange […]

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Taiwan defence spend to outpace GDP growth as China threat rises

China, which views democratically-governed Taiwan as its own territory, has ramped up military and political pressure over the past five years to assert those claims, which Taipei strongly rejects. Taiwan’s defence spending will rise 7.7% next year, outpacing expected economic growth, the cabinet said on Thursday, as the island adds more fighter jets and missiles […]

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