Claiming that Sri Lanka has come a long way in terms of undertaking reforms which have led to some hard won gains, the International Monetary Fund (IMF)said they could move fast towards the third review which will come up soon. IMF Director of the Asia and Pacific Department Krishna Srinivasan told a special briefing that […]
Read MoreNepal’s only properly functioning international aviation gateway, the Tribhuvan International Airport, will cut night-time operation hours to allow the construction of taxiways, and airlines have been told to curtail flights. The airport is scheduled to close between 10:00pm and 8:00am from November 8 to March 31, 2025. This is expected to lead to more than […]
Read MoreDuring his return from attending the expanded meeting of the Council of Heads of Government of the Shanghai Cooperation Organization (SCO) member and observer states, Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai made a working visit to the People’s Republic of China. Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai participated in the event commemorating the 75th anniversary […]
Read MoreMaldives Finance Minister Moosa Zameer has submitted a supplementary budget of MVR 5.1 billion to the Parliament for approval. The new budget seeks to supplement the MVR 49.8 billion state budget for 2024 that was passed by the Parliament last year. The Finance Ministry said that it decided to submit the supplementary budget not because […]
Read MoreThe security council did not specify the exact nature of the threat and called on Israelis in the rest of Sri Lanka to be cautious and refrain from holding large gatherings in public areas. Israel’s national security council on Wednesday called on Israelis to immediately leave some tourist areas in southern Sri Lanka over the […]
Read More“We have formally requested to be considered for this facility,” Finance Minister Muhammad Aurangzeb said in an interview on the sidelines of the IMF/World Bank autumn meetings in Washington. Pakistan is targeting around $1 billion in a formal request for funding from the IMF facility that helps low- and middle-income countries mitigate climate risk, its […]
Read MoreRetailers have pointed to a particularly steep decline since July, saying inflation is eroding household budgets, leaving many families prioritising essentials over discretionary spending. From groceries to clothing to personal care items, demand is plummeting across the board in Bangladesh, and retail industry experts warn that even brief signs of recovery are waning due to […]
Read MoreLVMH, the world’s biggest luxury group, reported a 3% fall in quarterly sales last week, undershooting estimates in its first decline in quarterly sales since the pandemic as demand in China and Japan weakened. China’s second-hand and grey markets for luxury goods are booming, as price hikes from luxury brands in a weak economy are […]
Read MoreThe Maldivian government has announced the sale of over MVR 4 billion in T-bills as it seeks to manage its cashflow. According to an announcement by the Finance Ministry last week, the government is selling four T-bills worth total MVR 4.27 billion. The T-bills up for subscription are: MVR 1.97 billion T-bill which matures in […]
Read MoreThe Ministry of Energy and Water has announced that a delegation led by acting Minister Abdul Latif Mansoor has traveled to China to explore opportunities for energy investment. According to the ministry’s spokesperson, Matiullah Abid, Abdul Latif Mansoor is expected to participate in several meetings focusing on energy and investment during his visit. “He is […]
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