MMBL-Money Transfer was responsible for bringing in a record US $ 350.8 million in foreign exchange into Sri Lanka in 2024. This represents 5 percent of the total worker remittances that came into the country last year. This also accounts for 77 percent of the overall Western Union remittances to the country. MMBL-Money Transfer is […]
Read MoreThe Budhi Gandaki Hydropower Project is a flagship National Pride Project of Nepal. It remains in limbo despite decades of planning and significant financial investment. With a planned capacity of 1,200 MW, the reservoir-type project is strategically located on the border of Gorkha and Dhading districts. While the government had spent over Rs 45 billion […]
Read MoreSri Lanka’s consumer prices fell by 4% in January, the highest deflation rate since July 1960, official data showed Friday, as the South Asian nation emerges from its worst economic meltdown. January was the fifth consecutive month of deflation, according to the Colombo Consumer Price Index. Inflation hit a record 69.8% in September 2022 at […]
Read MoreZhemgang—The restoration of Zhemgang Dzong will begin in the second fiscal year of the 13th Plan, with a budget of Nu 325 million allocated for the project. The Department of Culture and Dzongkha Development (DCDD) has completed the detailed project report (DPR). Funded entirely by the Royal Government of Bhutan, the project is among eight […]
Read MoreAround 86% of the country’s economic units (establishments engaged in economic activities) are facing capital challenges, with 34% not getting easy loans, according to the latest Economic Census 2024, conducted by the Bangladesh Bureau of Statistics (BBS). Planning and Education Adviser Wahiduddin Mahmud termed the situation unfortunate, stating, “Thousands of crores of taka have been […]
Read MoreThailand’s economic growth may falter at under 2.9% this year after a weaker-than-expected fourth quarter despite a vaunted government cash handout aimed at firing up sluggish growth, the central bank chief said on Thursday. The Bank of Thailand previously anticipated that the economy could expand by 2.9% this year, lower than the finance ministry’s projection […]
Read MoreIndonesia’s additional budget of 100 trillion rupiah ($6.14 billion) for its programme to give free meals to school children this year will add nearly 2 percentage points to the country’s growth, an aide to President Prabowo Subianto said on Friday. Prabowo’s signature free meal programme began earlier this month and had initially targeted reaching about […]
Read MoreThe Netherlands’ privacy watchdog AP on Friday said it will launch an investigation into Chinese artificial intelligence firm DeepSeek’s data collection practices and urged Dutch users to exercise caution with the company’s software. “The AP is (issuing this) warning because of the serious concerns that there are over DeepSeek’s privacy policies … and the way […]
Read MoreJapanese Prime Minister Shigeru Ishiba will hold talks with OpenAI CEO Sam Altman and SoftBank Group (9984.T), opens new tab CEO Masayoshi Son on Monday, the Japanese government said on Friday. U.S. President Donald Trump announced last week that OpenAI, SoftBank and Oracle (ORCL.N), opens new tab will form a joint venture and invest up […]
Read MoreIndian Prime Minister Narendra Modi may seek to shore up faltering economic growth, placate a middle class squeezed by high prices and low wage growth, and prepare for an uncertain year of global trade in the nation’s budget this week. Finance Minister Nirmala Sitharaman will present the budget for the next fiscal year on Feb. […]
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