Matrixport, a global leader in crypto financial services, has announced its application for a Financial Services Permission License to operate in Gelephu Mindfulness City (GMC), making it the first licence applicant under GMC’s new financial services and virtual asset regulatory framework. Matrixport plans to offer a comprehensive suite of virtual asset offerings in the GMC, […]
Read MoreNepal Electricity Authority (NEA) has said the industrial customers would have to bear with power cuts in the evening time until the re-operation of Upper Tamakoshi Hydropower Project which was damaged by flooding and landslide on September 27 and 28. NEA Managing Director Kul Man Ghising said it has been difficult to manage power supply […]
Read MoreBangladesh’s Telecommunication Regulatory Commission (BTRC) has decided to backtrack on the second plan to provide internet through cable from Bangladesh to improve the quality of internet connectivity in India’s northeastern region. After this news was published in a section of the media in India and Bangladesh, it is being discussed in the Indian information technology […]
Read MoreThe new deficit plan compares with an initial target of 3% of GDP for 2024, and is in line with a “more proactive” fiscal policy outlined by leading officials after December’s Politburo meeting and last week’s Central Economic Work Conference (CEWC), where the targets were agreed but not officially announced. Chinese leaders agreed last week […]
Read MoreGlobalTix, Asia’s leading ticketing software provider and marketplace distribution platform for the tourism industry, has successfully closed a $5 million Series B funding round. The round was led by Tin Men Capital, a Singapore-based venture capital firm, alongside key investors Seeds Capital and a new addition, a Thai VC firm, ORZON Ventures. GlobalTix Secures $5 Million Series B Funding, Welcomes Thai Investor to Bolster […]
Read MoreThe weight of fulfilling the desires and aspirations of family members back home often falls on the shoulders of young individuals who travel abroad for education. Not only are they expected to sustain themselves, but many also feel obligated to send money home, diverting their focus from their primary goal — education. Sociologist Bahodir Iskandarov, […]
Read MoreEconomic growth in the third quarter of this year was lower than expected, bringing growth rate for the first three quarters to 5 percent, said Byadran Lkhagvasuren, governor of the bank, at a press conference. “This slowdown in growth was primarily driven by weaker-than-expected copper and gold production.” Lkhagvasuren said that the revised forecast reflected […]
Read MoreThe government was able to reach an agreement with the IMF at the third review to raise the income tax threshold from Rs. 100,000 to Rs. 150,000 per month, President Anura Kumara Dissanayake said today. Making a special statement in Parliament, the President said that professionals such as doctors, engineers and bank managers raised concerns […]
Read MoreThe Maldives has welcomed a little over 100,000 tourists in 17 days, from December 1st to 17th according to statistics from the Ministry of Tourism. As per statistics, total tourist arrivals from December 1st to 17th is at 103,560 which is a marginal 2.9 percent increment from the same period in 2023, during which arrivals […]
Read MoreUS prosecutors allege that $228 million was offered to an unnamed Andhra Pradesh official by the defendants to direct the state’s electricity distribution companies to purchase the solar power supplied to SECI by Adani Green. The approach from the Solar Energy Corporation of India (SECI) on 15 September 2021 came out of the blue. The […]
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