The Ministry of Finance (MoF), representing the Government of Nepal, and the Embassy of the Federal Republic of Germany, on behalf of the Government of Germany, have signed a grant agreement to implement the Power Distribution Strengthening Programme (PoDiSP) in Nepal. Germany has committed €10 million (approximately NPR 1.46 billion) in grant assistance, as announced […]
Read MoreIn September, the Crime Investigation Bureau (CIB) arrested Pragyan Rimal, 22, and Ayush Sharma, 20, from Kathmandu for their involvement in cryptocurrency transactions, which is illegal in Nepal. An investigation is ongoing. Another group was found investing in cryptocurrency and gold. The group engaged in Hundi—they collected remittances from Nepalis working in the UAE, Qatar, […]
Read MoreThe monthly average exchange rate of the US Dollar to Mongolian Tugrug published by the Central Bank of Mongolia in October 2024 was 3392.02, with Tugrug’s value appreciating by MNT 60.5 compared to the same period last year while depreciating by MNT 11.1 from the previous month. The monthly average exchange rate of the Euro […]
Read MoreThe International Energy Agency (IEA) has said that supply may exceed demand in the global oil market next year. This information was informed by the forecast of rapid increase in oil production in non-OPEC countries on Sunday. News from Reuters. According to the IEA, in 2025, more than 1 million barrels of oil may be […]
Read MorePresident of Turkmenistan Serdar Berdimuhamedov approved the construction of modern railway stations at Dushak and Bami in the Ahal region, Jebel in the Balkan region and Bayramaly in the Mary region. The corresponding decision was made at the next meeting of the Cabinet of Ministers, held on a digital system, reports the State News Agency of Turkmenistan. […]
Read MoreAfghanistan’s opium poppy cultivation grew in 2024 despite a Taliban-imposed ban, according to a United Nations report. Cultivation increased by an estimated 19 percent this year, the report published on Wednesday by the United Nations Office on Drugs and Crime (UNODC) said. Despite the increase, the cultivation of opium poppies – the source of the […]
Read MoreThe National Assembly (NA) supported the Cattle Tax Exemption Bill 2024 after the finance minister proposed to exempt cattle tax to encourage livestock rearing and boost rural economies. Introducing the Bill, Finance Minister Lekey Dorji said that the existing cattle tax, based on the Revised Taxation Policy of 1992, levies a tax ranging from Nu […]
Read MoreTravel and consumption during the recent National Day holiday in China became a focus of foreign media outlets, which highlighted the record-breaking passenger volume of the railway system on the first day of the holiday, the surge in outbound tourism, and the bustling crowds at popular destinations. These observations exactly underscored a vibrant and thriving […]
Read MoreMore than 90 hotels in the Israeli-occupied territory have closed since the start of the Gaza war. As a result, thousands of workers have lost their jobs, according to the country’s media Channel-12. Israeli media reported on Saturday (November 16) that the prolonged conflict has caused a severe economic downturn in the tourism and hotel […]
Read MoreThe first Social and Green Bond from Mongolia has been issued by the Trade and Development Bank (TDB) for international professional investors. This is the first five-year or long-term bond issued by the private sector since the TDB’s bond, issued in 2015. With the issuance of this bond, TDB has become the first private company in Mongolia to attract investment from Asset Management Company, a TOP 10 in the world. It is […]
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