Bank of Maldives (BML) has announced the sale of three islands in Laamu Atoll belonging to former deputy parliament speaker Moosa Manik (Reeko)’s company, Heavy Load Maldives Private Limited, developed as resorts following the company’s failure to repay a loan withdrawn from the Bank. The three islands announced for sale are: Fares Kuda Fares Boduhuraa […]
Read MoreProfits in September fell 27.1% from a year earlier, following a 17.8% fall in August, while earnings slipped 3.5% in the first nine months versus a 0.5% rise in the January-August period. China’s industrial profits plunged in September, recording the steepest monthly decline of the year, official data showed on Sunday, as policymakers ramp up […]
Read MoreNada Choueiri, the IMF’s Japan mission chief, also urged Japan to raise interest rates at a gradual pace and compile supplementary budgets only when a big shock hits the economy. A weak yen is beneficial for Japan’s economy as the boost to exports exceeds the increase in the cost of imports, a senior International Monetary […]
Read MoreBangladesh expects substantial export growth, although the global trade dynamics have undergone significant shifts in recent years. A document of the Ministry of Finance expected the growth based on the projection of the World Trade Organisation (WTO). Although global trade experienced a contraction in 2023, it will increase in 2024 and onwards, according to the […]
Read MoreDuring the 9th meet-the-press, Prime Minister Tshering Tobgay addressed the persistent wage gap between Bhutan’s public and private sectors, acknowledging that this disparity remains a challenge for economic equality. He said that while salary alone cannot meet the needs of workers, bridging this gap was critical, and achieving it required robust economic development. The Prime […]
Read MoreThe Maafaru International Airport in N. Atoll has reopened for international operations after it was suspended for a project to expand the airport’s runway. Opened in 2019, the Maafaru Airport is surrounded by multiple luxury resorts. The next year, the airport expanded its operations and began welcoming international flights. But international operations were suspended in […]
Read MoreMcDonald’s Corporation and its Sri Lankan franchise partner, International Restaurant Systems (Pvt.) Ltd, have ended their business relationship, following a mutually agreed legal settlement, the companies said in a joint statement. The statement confirmed the franchise partnership’s termination and expressed appreciation to the public for its support. The companies also urged the public to dismiss […]
Read MoreEconomic and Trade Advisor Salehuddin Ahmed said that the World Bank will provide a one-time grant of 250 million dollars (about 3000 crore taka) to Bangladesh to overcome various climate-related losses, including the recent floods. The economic advisor told reporters after meeting with the organization’s Vice President Martin Reiser on the sidelines of the ongoing […]
Read MoreAfter being closed for almost three decades, Saudi Arabia reopened cinemas in 2018. After that, the film business market in the country quickly grew. Arab and foreign filmmakers are increasingly interested in this industry. Currently, there are 66 cinemas in the country. Movies are shown on 618 screens in these halls across 22 cities. The […]
Read More“While we believe the structural positive case for India remains intact, economic growth is cyclically slowing down across many pockets,” Goldman strategists wrote in a note published Tuesday. Goldman Sachs tactically lowered Indian equities to “neutral” from “overweight” on Tuesday, as the country’s slowing economic growth weighs on corporate earnings, amid record foreign outflows from […]
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