Highest number of Sri Lankans left for foreign employment in 2024

The year 2024 has set a historic record for the highest number of Sri Lankans migrating for work, with 312,836 individuals leaving the country for employment opportunities overseas. This surpasses the previous record set in 2022 and highlights a significant trend of labor migration in recent years. Over the past six years (2019–2024), 1.3 million […]

Read More

Japan’s cabinet approves record budget, faces tough parliament fight

Japanese Prime Minister Shigeru Ishiba’s cabinet on Friday approved a record $730 billion budget for the next fiscal year, while limiting new bond issuance to the lowest in 17 years on the back of record tax revenue. However, Ishiba’s minority government faces a tough political battle with opposition parties to pass the budget through parliament […]

Read More

Rupee dips slightly, tracking Asian peers amid thin trading volumes

The Indian rupee weakened slightly on Tuesday, tracking modest declines in other Asian peers, while volumes were relatively muted on the last trading day of 2024. The rupee was at 85.59 against the U.S. dollar as of 09:45 a.m. IST, down from its close at 85.5350 in the previous session. The dollar index was little […]

Read More

India launches its first space docking mission

India launched its first space docking mission on Monday, on an Indian-made rocket, in an attempt to become the fourth country to achieve the advanced technological feat. The mission, called Space Docking Experiment (SpaDeX), lifted off from the Satish Dhawan Space Centre in Andhra Pradesh state at 1630 GMT aboard the Indian Space Research Organisation’s […]

Read More

Indonesia’s president says VAT hike to apply only on luxury goods

Indonesia’s President Prabowo Subianto on Tuesday said a planned increase in value-added tax (VAT) rate by one percentage point to 12% effective Wednesday, Jan. 1, will apply only to luxury goods and services. Prabowo said the decision should end speculation over which items and services would be affected by the VAT increase. The decision also […]

Read More

Chinese youth flock to civil service, but slow economy puts ‘iron rice bowl’ jobs at risk

Applicant numbers, which surged by over 400,000 from last year and have tripled since 2014, reflect the huge demand for stability from disillusioned Gen Z Chinese and the lack of attractive options in the private sector even though local governments are struggling to pay wages due to a fiscal crisis. A record 3.4 million young […]

Read More

Year in search 2024: What the world was curious about

The US elections, entertainment trends, and the rise of artificial intelligence also dominated searches, showcasing a blend of cultural engagement and technological curiosity. Every year, Google releases its “Year in Search” report, providing a fascinating glimpse into the topics that captured global attention. The 2024 edition, released on 10 December, explores the most searched topics […]

Read More

Pemagatshel tops in financial irregularities among dzongkhags

The Royal Audit Authority (RAA) exposed major financial mismanagement, corruption, and irregularities in Pemagatshel Dzongkhag, making it the worst-performing dzongkhag among those reviewed. The Annual Audit Report 2023-24 highlighted Nu 4.74 million in misappropriated funds by the Zambala Farmers Group, which operates a Milk Processing Unit (MPU) in Norbugang gewog. Instead of depositing sales proceeds […]

Read More