The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and UK Foreign, Commonwealth & Development Office (FCDO) today launched a new £1 million initiative to strengthen transport policies and workforce development for a just transition to electric mobility in Bangkok. The project is funded through the Thailand UK PACT (Partnering for […]
Read MoreAt the regular Cabinet meeting on February 5, 2025, Minister of Economy and Development Gantumur Luvsannyam presented the criteria for the “Doing Business” report. In this regard, Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai instructed relevant officials to eliminate barriers and bureaucracy when starting businesses and reduce state involvement in economic activities. The Economic Development Council, headed by the Prime […]
Read MoreShah Mohammad Mehrabi, a board member of the Fund for the Afghan People (the Afghan Fund), told TOLOnews that since the fund’s establishment, its profit has reached $440 million. According to Mehrabi, the fund was created to stabilize the exchange rate, control price levels, and maintain financial stability within the country. Mehrabi said: “Currently, the […]
Read MoreIn a move to support local farmers and stabilise agricultural supply chains, the Farm Machinery Corporation of Bhutan Limited (FMCL) has purchased crops worth Nu 33.55 million through its aggregation programme, price guarantee scheme. Launched on November 7, 2024, the initiative, funded by the economic stimulus programme (ESP), offers market assurance to farmers. As of […]
Read MoreNepal’s soyabean oil exports to India have seen an astonishing 45-fold increase in the first half of the current fiscal year, even though Nepal produces very little soyabean itself. Experts say the dramatic rise is driven by traders cashing in on tariff loopholes in neighbouring India, a recurring pattern in Nepal’s trade. According to the […]
Read MoreThe country’s apparel exports grew by 12% year-on-year to $23.55 billion in the first seven months of fiscal 2024-25, according to government data. Overall exports exceeded $4 billion for four consecutive months from October to January. In January, shipments reached $4.44 billion, marking a 5.70% year-on-year growth, according to Export Promotion Bureau (EPB) data released […]
Read MoreIndia remains Nepal’s largest source of foreign tourists in January, but the number of visitors from the country saw a slight decline in the month, according to official data released on Monday. Of nearly 80,000 foreign tourists who visited Nepal last month, 20,485 were Indians, the Nepal Tourism Board (NTB) said. This marks a 15.1 […]
Read MoreJapan’s Economy Minister Ryosei Akazawa said on Monday the country’s underlying inflation was approaching 2%, a goal that is included in the government’s joint statement with the central bank aimed at coordinating policy to beat economic stagnation. Speaking in parliament, Akazawa also said households face even higher inflation that is driven more by cost-push factors, […]
Read MoreThe Indian rupee fell to a record low on Monday after U.S. President Donald Trump slapped tariffs on imports from the country’s three biggest trade partners, stoking fears of a trade war that rattled global financial markets. The rupee declined to 87.28 per U.S. dollar before closing at 87.1850, down by nearly 0.7%, its biggest […]
Read MoreIndia is reviewing its stance on cryptocurrencies due to shifting attitudes towards the virtual asset in other countries, a senior government official told Reuters on Sunday. The review, which follows crypto-friendly policy announcements by U.S. President Donald Trump, could further delay publication of a discussion paper on cryptocurrencies that was due for release in September […]
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