Wong says he expects to end with a surplus of $6.4 billion or 0.9% of Singapore’s GDP. Prime Minister Lawrence Wong warned that Singapore’s expenditure will continue to increase due to its need to invest more in workers and to better support a rapidly ageing population. At Budget 2025 on Feb 18, Wong noted that […]
Read MoreOn February 13, 2025, President of Mongolia Khurelsukh Ukhnaa visited “Sor Cashmere,” “Snow Fields,” and “Ulaanbaatar Hivs” companies under the “White Gold” National Movement. The President has initiated the “White Gold” National Movement to enhance the value of livestock-derived raw materials. The successful implementation of the Movement will increase the production and export of internationally […]
Read MorePresident Xi Jinping held a rare meeting on Monday with some of the biggest names in China’s technology sector, such as Alibaba founder Jack Ma, urging them to “show their talent” and be confident in the power of China’s model and market. The tightly choreographed pro-business rally, a turnaround in Beijing’s approach to its tech […]
Read MoreThe finance ministry has clarified the reason behind delay in International Monetary Fund’s (IMF) disbursement of the fourth tranche – amounting to $645 million – of its $4.7 billion loan to Bangladesh. The ministry issued a statement today (18 February) after news was published in media outlets on the deferred release. “The installments are disbursed […]
Read MoreSri Lanka’s budgeted expenditure for 2025 will likely lead to a wider fiscal deficit and slower-than-expected fiscal consolidation, Moody’s Ratings said on Tuesday, a day after the island nation unveiled its budget. Sri Lanka aims to transform its crisis-hit economy to prepare to resume debt repayments from 2028, President Anura Kumara Dissanayake said on Monday […]
Read MoreThe Maldives Transport and Contracting Company (MTCC) reports an annual revenue decline by MVR 1.1 billion in 2024, compared to the year before. The company reported an annual total revenue of MVR 2.16 billion for last year. In 2023, the company’s total revenue stood at MVR 3.2 billion; indicating a 32.1 percent decline. MTCC’s quarterly […]
Read MoreBhutan is keen on joint venture investments with Bangladesh to tap into the hydropower potential of the Himalayan kingdom, Bhutanese Ambassador Rinchen Kuentsyl said on Tuesday. Bhutan has also taken steps to sign an agreement with Bangladesh’s submarine cable company to get an alternative internet connection from Dhaka, he said. The ambassador discussed the issues […]
Read MoreTurkey’s central bank stands “ready to act” against risks in the current rate-cutting cycle, Turkish Central Bank Governor Fatih Karahan told a conference for emerging market economies in Saudi Arabia on Sunday. The bank has been gradually cutting rates since December, Karahan said, reducing the policy rate (TRINT=ECI), opens new tab by 250 basis points […]
Read MoreChina’s central bank governor said on Sunday a stable yuan currency has been key to global financial and economic stability and Beijing will continue to let the market play a decisive role in deciding the exchange rate. People’s Bank of China Governor Pan Gongsheng told a conference in Saudi Arabia that while most currencies have […]
Read MoreThe Ministry of Industry and Commerce said that the country’s dried fruit exports decreased in the first ten months of this solar year compared to the same period last year. According to the ministry’s statistics, over 350 million dollars’ worth of dried fruit has been exported in the first ten months of this solar year, […]
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