Financing agreement signed for “White Gold” national program in Mongolia

The Ministry of Food, Agriculture, and Light Industry of Mongolia and 10 commercial banks of Mongolia have signed a Financing Agreement for the Working Capital and Investment Loans to Support Wool, Cashmere, and Leather Processing Industry. The Signing Ceremony was attended by Minister of Food, Agriculture and Light of Mongolia Industry Enkhbayar Jadamba, Governor of […]

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Mandarin exports earn USD 2.38 million to date

Since the start of the mandarin export season on November 30, Bhutan has exported 185,703 boxes of oranges to Bangladesh, generating USD 2.384 million in revenue as of yesterday. According to the Department of Agricultural Marketing and Co-operatives (DAMC), 27 exporters are using five key gateways—Gelephu, Samdrupjongkhar, Samtse, Phuentsholing, and Nganglam—to facilitate the shipments. A […]

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Chinese tourist spending weakens in Maldives

As of November 12, 244,000 Chinese tourists had visited the Maldives in 2024, accounting for approximately 14.1% of the total tourist arrivals. This figure represents 86% of 2019 levels, with China reclaiming its position as the top source market for Maldives tourism for the first time since the pandemic. According to Flight Master, flights between […]

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Indian state refiners may buy Mideast spot oil to replace Russian shortfall

The three large state refiners- Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum – are short of 8-10 million barrels of Russian oil for January loading. Indian state refiners are considering tapping the Middle East crude market as spot supply from their top supplier Russia have fallen, three refining sources said, in a move […]

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Taiwan blocks Uber’s $950 mln Foodpanda deal: Bloomberg News

Uber, Delivery Hero and Foodpanda did not immediately respond to requests for comment outside regular business hours. Taiwan has blocked Uber Technologies’ $950 million purchase of Delivery Hero’s Foodpanda business on the island because of anti-competition concerns, Bloomberg News reported on Wednesday, citing Taiwan’s official Central News Agency (CNA). Uber, Delivery Hero and Foodpanda did […]

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World Bank raises China’s GDP forecast for 2024, 2025

The world’s second-biggest economy has struggled this year, mainly due to a property crisis and tepid domestic demand. The World Bank raised on Thursday (26 December) its forecast for China’s economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, would keep weighing it […]

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Coal Export of Mongolia Expected to Surpass 80 Million Tons

According to the Mongolian Customs General Administration, over the first 11 months of 2024, Mongolia earned USD 8.181.5 million from coal exports, which is an increase of USD 250 million compared to the same period of the previous year. The amount of coal exported since the beginning of the year has reached 78,519.7 thousand tons, […]

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Afghan ministry finalizes purchase of 38,000 tons of wheat

The Ministry of Agriculture, Irrigation, and Livestock (AIL) has announced the completion of the process to purchase an additional 38,000 tons of wheat from farmers across the country. Officials of the ministry emphasized that, under the directive of the leader of the Islamic Emirate, wheat worth over one billion afghani has been purchased from farmers, […]

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Sri Lanka’s tourist arrivals surpass 2 million in 2024

Sri Lanka has welcomed its 2 millionth tourist who arrived from Bangkok this year, at the Bandaranaike International Airport (BIA), after a five-year gap. This marks the fourth time in history that annual tourist arrivals have surpassed 2 million, with previous instances occurring in 2016, 2017 and 2018. Deputy Minister of Tourism Ruwan Ranasinghe and […]

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