China is expanding visa-free entry to more countries in bid to boost economy

Starting 30 November, travellers from Bulgaria, Romania, Malta, Croatia, Montenegro, North Macedonia, Estonia, Latvia and Japan will be able to enter China for up to 30 days without a visa. China announced Friday (22 November) that it would expand visa-free entry to nine more countries as it seeks to boost tourism and business travel to […]

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Moody’s downgrade doesn’t reflect economic progress since July upsurge: Cenbank

The international credit rating agency Moody’s on 19 November lowered Bangladesh’s sovereign rating from B1 to B2 and maintained its short-term issuer rating as Not Prime, while also shifting the outlook to negative. Bangladesh Bank has discounted the Moody’s recent downgrade of Bangladesh’s sovereign credit rating, arguing it does not accurately reflect the significant political […]

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Islamic Emirate Invests 415 Billion Afs in Mining

The office of the Deputy Prime Minister for Economic Affairs in a statement said that 415 billion afghani have been invested in the exploration, extraction, and processing of 21 major mines in Afghanistan. These mines include gold, iron, ruby, chromite, cement, coal, lead, and zinc, most of which are located in the provinces of Ghor, […]

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Forty-three airlines from 23 countries operating to the Maldives

A total of 43 airlines from 23 countries currently fly to the Maldives. According to the statistics released by the Tourism Ministry, 23 countries have direct flights to the Maldives as of November 20. At the end of October, a total of 43 airlines were flying to the Maldives. A total of 1.77 million tourists […]

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Allegations of corruption and fraud against Adani at home and abroad

Adani Group Chairman and India’s richest industrialist Gautam Adani has been accused of offering to bribe government officials to get a quote for the country’s solar power project. But this is not the first time. This Gujarati native, known as a close associate of Narendra Modi and Amit Shah, has been accused of corruption several […]

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VN’s first pharmaceutical industrial park to be built

The People’s Council of Thái Bình Province has approved the zoning plan for a pharmaceutical–biological industrial park that will be built in the province’s Quỳnh Phu District. With a total cost of VNĐ3.8 trillion (US$149.5 million), the park will be developed on an area of 334 hectares that spans three communes of Trang Bảo Xá, […]

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Kenya cancels two major deals with Adani Group

Kenya’s President William Ruto has cancelled two major deals with controversial Indian tycoon Gautam Adani. The decision comes after US prosecutors charged Adani with fraud. A day earlier, India’s second richest man Gautam Adani was charged with planning to bribe $250 million and secretly collect the money in the United States. However, the Adani Group […]

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Afghanistan bets on ‘red gold’ for global market presence

As the saffron harvest season is underway in Afghanistan, traders are expecting better yields than in previous years, sparking hopes that exports of the precious crop, known locally as “red gold,” will help uplift the country’s battered economy and livelihoods. Afghanistan is the world’s second-largest saffron producer, after Iran, but it ranks first in terms […]

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Third review approved by IMF, SL to get next US$ 333 million tranche

The International Monetary Fund (IMF) reached a staff level agreement with Sri Lankan authorities, paving the way for the next tranche, for US$ 333 million, of the four-year Extended Fund Facility. “We are pleased to announce that the IMF team reached staff-level agreement with the Sri Lankan authorities on the third review under the 4-year  […]

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