Sri Lanka could potentially see a unique fiscal year in 2025, with the possibility of two national budgets being presented, according to KPMG Sri Lanka. The situation could likely arise due to the delay in presenting the 2025 budget, noted KPMG Principal Tax and Regulatory Rifka Ziyad, elaborating on the Vote on Account, which was […]
Read MoreForeign affairs adviser Md Touhid Hossain today said there is significant potential for further collaboration with Bhutan particularly in the areas of power and trade. He made the remarks when outgoing Bhutanese Ambassador to Bangladesh Rinchen Kuentsyl paid a farewell call on him at foreign ministry here, said a ministry’s press release. During the meeting, […]
Read MoreThe Nepal Stock Exchange (NEPSE) saw a modest increase today (Wednesday), rising by 1.86 points (0.06%) to settle at 2,685.73, following a previous gain of 6.54 points. The trading session began at 2,687.17, with the index fluctuating between a peak of 2,697.41 and a low of 2,679.78. Total turnover for the day amounted to Rs. […]
Read MoreBangladesh has urged Adani Power to resume full supply from its 1,600-megawatt power plant in India’s Jharkhand state, a Bangladesh Power Development Board (BPDB) official said, citing a three-month supply shortfall. Reuters reported on Tuesday (February 11). Adani Power has been supplying power to Bangladesh under a 25-year contract signed with the government of former […]
Read MoreSinopec Fuel Oil Lanka (Pvt) Ltd. (SFOL) has announced the introduction of High Sulphur Fuel Oil (HSFO) to the Sri Lankan market for bunkering, a move that is set to transform the country’s maritime fuel sector. This strategic initiative underscores Sinopec’s commitment to customer-centric solutions, addressing a significant supply gap in Sri Lanka’s bunkering industry. […]
Read MoreWITH approval from the Bhutan Information, Communication and Media Authority (BICMA), Starlink is set to enter the Bhutanese market, introducing high-speed satellite-based internet services. This marks a major shift in the country’s telecommunications landscape. BICMA officials stated that the agency carefully evaluated several factors before granting Starlink its license. Key requirements included registering Starlink as […]
Read MoreA monkey has caused a nationwide power outage. The incident took place in the South Asian country of Sri Lanka. A monkey has entered the power grid, causing a nationwide blackout. The disturbance began around 11:30 am local time on Sunday. After about 3 hours of efforts, the problem was not resolved. As a result, […]
Read MoreThe Hong Kong government will proceed with launching a complaint with the World Trade Organization (WTO) over the United States’ decision to levy an additional 10 per cent tariff on products from the city, an escalation analysts say is important but unlikely to sway the Trump administration. Secretary for Commerce and Economic Development Algernon Yau […]
Read MoreSingapore’s biggest bank DBS Group (DBSM.SI), opens new tab said it expects group net interest income to improve this year and announced a capital return dividend plan on Monday as it posted a 10% rise in fourth-quarter net profit, matching expectations. Southeast Asia’s largest bank by assets said it now expected group net interest income […]
Read MoreThe latest Purchasing Manager Index (PMI) readings for Bangladesh indicate that the country’s economy remains on an expansion trajectory for the fourth month, driven by growing exports, seasonal consumption trends, and an improved agro supply chain. The PMI for January has increased by four points from the previous month to 65.7, according to a press […]
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