A multifaceted approach to fixing the power sector’s core problems and consistent actions from now through to 2030 can help cut the government’s subsidy burden to nearly zero The Bangladesh Power Development Board (BPDB) can save Bangladesh Tk 138 billion ($1.2 billion) of annual loses, funded by government subsidies, through electricity sector reforms targeted at […]
Read MoreThere are plenty of possible reasons. In particular, many economists point to lower spending by the government. For some years now Indian growth numbers have been pumped up by continually increasing federal capital expenditures. India-watchers were startled by recent data showing that growth slowed last quarter — by a lot. Gross domestic product expanded only […]
Read MoreIn November 2024, the Central Bank of Mongolia purchased 1,689.5 kg of precious metals, bringing the total amount to 15.8 tons since the beginning of the year. This figure represents a 1.6 percent decrease compared to the same period last year. Since the beginning of the year, the Darkhan-Uul branch of the Central Bank of […]
Read MoreThe World Bank has stated in a report that Afghanistan’s economy, although experiencing average growth, faces significant challenges such as financial restrictions, trade imbalances, and limited public investment capacity. The report notes that the average growth of Gross Domestic Product (GDP) has been 2.7%, but the World Bank considers this growth uncertain. According to the […]
Read MoreState water company, Male’ Water and Sewerage Company (MWSC) has announced the sale of a MVR 400 million bond. First National Finance Corporation which undertook efforts to issue the bond to the capital market, said it will be sold in two tranches. MWSC has opened the opportunity to invest in an MVR 200 million bond […]
Read MoreSri Lankan authorities are bringing together all stakeholders in tourism at a conference in January to finalise a nation branding strategy to propel the industry which is enjoying a period of growth, officials said. The campaign tagline ‘You will come back for more’ devised some time back, will be discontinued and instead a nation branding […]
Read MorePrime Minister Tshering Tobgay has signaled the government’s willingness to discuss extending the deadline for the Economic Stimulus Programme (ESP) concessional credit period with the Bhutan Development Bank Limited (BDBL), as the December application window approaches its close. Lyonchhen was responding to a question posed by Trashigang’s National Council (NC) Member, Sonam Tobgyel, during yesterday’s […]
Read MoreBhutan’s exports to India and other countries, including electricity, increased by over 13 percent as of September this year, compared to the same period last year. Export earnings reached Nu 46.8 billion as of September, up by Nu 5.32 billion from last year. This year exports are expected to be more than the pre-pandemic level. […]
Read MoreThe Sri Lanka Shippers’ Council claimed that the government coffers could be losing as much as two-thirds of potential border tax revenue, due to corrupt activities by the officials in key border agencies. Shippers’ Council Chairman Sean Van Dort, speaking at the Colombo International Maritime and Logistics Conference last week, alleged that these illicit funds […]
Read MoreLhuentse—With more than 71 percent of the project completed, the 32MW Yungichhu Hydropower Project in Lhuentse is on track to begin operations by September 2025. Druk Hydro Energy Limited (DHyE), a subsidiary of Druk Green Power Corporation (DGPC), is developing the project. More than 83 percent of headworks components, encompassing construction of intake structure, main […]
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