Sri Lanka’s inflation is expected to increase “sizeably” in the third quarter this year (3Q25), with the possibility of it hovering around 2 percentage points above the inflation target in mid-2026, the Central Bank of Sri Lanka (CBSL) said in its monetary policy report that was released yesterday. “Nonetheless, headline inflation is forecast to converge […]
Read MoreMinister of Tourism and Environment Thoriq Ibrahim states the government will promote special features of islands across the Maldives to help boost local tourism at the locations. Local tourism has been expanded to many Maldivian islands. Responding to a question from a member of the general public at Saturday night’s ‘Ahaa’ Forum, Minister Thoriq said […]
Read MoreBangladesh and Bhutan have expressed optimism that they would be able to maximize the potential of the Preferential Trade Agreement (PTA), signed between the two neighbours. This was observed when Bhutanese Ambassador to Bangladesh Rinchen Kuentsyl made a farewell call on Foreign Secretary Md Jashim Uddin at the State Guest House Padma on Sunday, according to a foreign ministry’s […]
Read MoreIraq’s central bank will ban five more local banks from engaging in U.S. dollar transactions, a move that comes after meetings with U.S. Treasury officials in efforts to combat money laundering, dollar smuggling and other violations, two sources with direct knowledge of the matter told Reuters on Sunday. The move comes after meetings in Dubai […]
Read MoreBangladesh’s readymade garment (RMG) industry remains resilient, securing steady export orders over the last six months through January. Most buyers are ramping up purchases amid strong retail demand in key markets such as the US and EU. The shift of orders from China, driven by the US government’s plan to impose tariffs on Chinese goods, […]
Read MoreThe Herat Chamber of Commerce and Investment says that in the current solar year, nearly $25 million worth of pistachios have been exported abroad. According to officials at the chamber, pistachio exports from Herat this year have increased by 21% compared to last year. Besides pistachios, other types of dried fruits have also been exported […]
Read MoreState revenue declined by close to 19 percent in the first five weeks of the year compared to the same period last year, according to the latest weekly fiscal updates released by the Finance Ministry. The latest updates show the state earned 3.36 billion in revenue and grants as of February 6, compared to the […]
Read MorePhuentsholing—Despite an uptick in the number of Indian tourists visiting Phuentsholing, local businesses in the country’s commercial hub are struggling to bounce back from the pandemic’s impact. In a clear sign that Phuentsholing’s economy is still struggling to recover, hotels and other businesses report low customer footfall even during traditionally busy seasons. This is despite […]
Read MoreSri Lanka’s new President Anura Kumara Dissanayake will outline the government’s revenue and policy goals in his first full-year budget on Monday, seeking to extend the country’s recovery from a financial crisis and signal its alignment with a $2.9 billion IMF bailout program. A severe drain in dollar reserves plunged the island nation into turmoil […]
Read MoreThe Maldives has banned the import of pre-rolled cigarette tubes under a new regulation formulated by the government. The general regulation on tobacco control was published on the Government Gazette on Wednesday afternoon. The new regulation prohibits the import of pre-rolled cigarette and bidi tubes, whether it comes with filters or not, as well as empty packs […]
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