The Ministry of Agriculture, Irrigation, and Livestock of Afghanistan said that since the return of the Islamic Emirate to power, the number of poultry farms in the country has increased from 3,000 to 15,000. Misbahuddin Mustaeen, the spokesperson for the ministry, emphasized that Afghanistan has now nearly achieved self-sufficiency in poultry meat production. “When the […]
Read MoreIt’s about to get more expensive to visit the Maldives. Starting January 1, 2025, the Maldives Green Tax will increase significantly, with most hotels and resorts charging $12 per person, per night – double the current rate. Smaller establishments with fewer than 50 rooms will see a reduced rate of $6 per person, per night. Additionally, […]
Read MoreThe construction sector shifted gears in October, looking past the election-related jitters, as the sector got into high gear, shifting to an expansion from a brief contraction in September. The Purchasing Managers’ Index (PMI) for the construction sector showed the index coming in at 54.3 for October, from 48.6 index points in September. The construction […]
Read MoreFinance Minister Lekey Dorji announced that the Nu 3.3 billion concessional credit line under the Economic Stimulus Programme (ESP) will now be managed by the Bhutan Development Bank Limited (BDBL). The decision, which aims to address operational inefficiencies and improve loan processing times, was made following a recent meeting between the Cabinet and the management […]
Read MoreBangladesh could face a potential 20% decline in exports to the European Union if it fails to implement timely and effective policies, especially in comparison to its close competitors, said experts and entrepreneurs at a discussion today (27 November). Additionally, the country’s upcoming graduation from Least Developed Country (LDC) status may further slow export growth, […]
Read MoreAs of November 25, 2024, the official foreign exchange reserves of Mongolia exceeded USD 4.9 billion, an increase of USD 38.8 million or 0.8 percent compared to the beginning of this year. This is the amount that satisfies the country’s foreign exchange-paid import needs for 5.1 months, according to the Bank of Mongolia. The increase in foreign exchange reserves was mainly due to the improvement in the USD flow into Mongolia, including export […]
Read MoreThe Bank of Maldives (BML) on Thursday announced the launch of the country’s first-ever Shari’ah Compliant BML Islamic Visa Credit Card. The BML Islamic Credit Card is offered based on the principle of Ujrah. Ujrah is the concept of charging an agreed fee for providing services to a customer. According to BML, the card is […]
Read MoreIn an effort to capitalise on the momentum of the rapid progress in debt restructuring, collective effort is key for supporting Sri Lanka’s success in this area, the International Monetary Fund (IMF) said. As the authorities continue to finalise the remaining debt restructuring agreements, IMF Managing Director Kristalina Georgieva emphasised that high creditor participation is […]
Read MoreBangladesh’s foreign loan commitments from development partners plummeted by a staggering 93% year-on-year in the first four months of the current fiscal year, according to data from the Economic Relations Division (ERD). Between July and October, only $254.57 million in commitments was received, compared to $3.628 billion in the equivalent period of the previous fiscal […]
Read MoreThe bombshell indictment in New York on Wednesday accusing Adani and his associates of paying more than $250 million in bribes to secure lucrative government contracts sparked a frenzied sale of stocks. Indian billionaire Gautam Adani’s feverish push to expand his global energy and infrastructure empire has been knocked by US bribery charges, but analysts […]
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