The Indian rupee weakened to its all-time low on Tuesday as traders reacted to the appointment of career bureaucrat Sanjay Malhotra as the next Reserve Bank of India (RBI) governor by ramping up bets on rate cuts by the central bank next year. The rupee hit a low of 84.8575 against the US dollar before […]
Read MoreThousands of Indians business in Kolkata are seeing a loss of livelihood after halting visa registrations to India and banning Bangladesh citizens from their businesses. At a meeting of the Free School Street Traders Association, traders blamed the alleged ongoing “emergency” in Bangladesh would force many of their businesses to shut down, says Telegraph India. […]
Read MoreThe Asian Development Bank (ADB) has approved an additional $100 million loan to support critical infrastructure development through public-private partnerships (PPP) in Bangladesh. “The loan will enhance the financial and institutional capacity of the Bangladesh Infrastructure Finance Fund Limited (BIFFL) to deliver its mandate of fostering an environment that supports sustainable private investments through the […]
Read MoreChina said on Monday it has launched an investigation into Nvidia Corp over suspected violations of the country’s anti-monopoly law, in a move widely seen as a retaliatory shot against Washington’s latest curbs on the Chinese chip sector. The statement from the State Administration for Market Regulation (SAMR) announcing the probe did not elaborate on […]
Read MoreThe world’s second-largest economy is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt — all of which threaten Beijing’s official growth target for this year. Chinese President Xi Jinping and other top leaders said today (9 December) they would adopt a more “relaxed” approach to monetary policy as […]
Read MoreColombo Dockyard PLC is preparing for a major shift after Japan’s Onomichi Dockyard Company Limited, its majority shareholder, stepped away from the management this week, to allow the company to bring in a new strategic investor. As part of this decision, Onomichi’s nominees to the board: T. Nakabe, K. Kobatake and J. Furukawa, resigned on […]
Read MorePresident Dr. Mohamed Muizzu said on Monday that giving resorts a choice between either exchanging USD 500 per tourist as currently required or exchanging 20 percent of the monthly revenue does not reflect a shift in his stand. The foreign exchange regulation that took effect on October 1 requires tourist establishments to exchange a fixed […]
Read MoreThe National Hotels and Guest House Association of Maldives (NHGAM), in partnership with the Maldives Marketing and Public Relations Corporation (MMPRC/Visit Maldives) and the Maldives Association of Travel Agents & Tour Operators (MATATO), is excited to announce the I AM Maldives Roadshow, set to take place from December 17th to 20th, 2024, in Tbilisi, Georgia, […]
Read MoreSaudi Arabia has created a new history in the world of soft drinks. The country has launched its first soft drink made from dates. The drink is called ‘Milaf Cola’. The country has brought this cola with the promise of maintaining a balance of taste and nutrition. The drink was launched at the Riyadh Date […]
Read MoreSingapore’s medical inflation rate is projected to be 12.0% in 2025, as high as in 2024. While the trend may be slightly cooling, it is projected to remain elevated over the longer term, according to a report released by WTW, a leading global advisory, broking and solutions company. WTW, in its Global Medical Trends Survey […]
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