The Ministry of Finance of Mongolia announced on October 4, 2024, that the “S&P” international agency upgraded Mongolia’s credit rating to “B+ Outlook positive.” The Fitch Ratings international agency upgraded Mongolia’s credit rating to “B+” two weeks ago, announcing that the upgrade was due to the country’s reduced debt burden, improved fiscal discipline, consistent increase […]
Read MoreThe Sri Lankan economy has stabilised with growth expected to reach 4.4 percent in 2024, surpassing earlier forecasts, the World Bank (WB) said today. The World Bank’s bi-annual Sri Lankan development update titled ‘Opening Up to the Future’, however cautioned that the recovery remains fragile and hinges on maintaining macroeconomic stability, successfully restructuring debt and […]
Read MorePresident Dr. Mohamed Muizzu on Thursday, has stated that the United Nations Development Programme (UNDP) has been instrumental in shaping the Maldives’ development path. He made the remark during his address at the ceremony marking the 45th anniversary of UNDP in the Maldives. The commemorative event was held on Thursday evening, which was attended by […]
Read More18-year-old Nepalese mountaineer Nima Rinji Sherpa is the youngest person to conquer all 14 peaks at least 8,000 meters high. Nima Rinji Sherpa reached the 8,27 meter high (26,335 ft) Shisha Pangma peak in Tibet on Wednesday morning. Through this, his campaign is fulfilled. Nima Rinji’s father Tashi Sherpa told AFP news agency, “She reached […]
Read MoreElectricity tariff for non-domestic consumers was increased in Kyrgyzstan. The Chairman of the Cabinet of Ministers Akylbek Japarov signed the corresponding decree. Non-domestic consumers will pay for electricity at a rate of 376.7 tyiyns per 1 kilowatt-hour, excluding taxes. The document notes that «the decision was made in order to ensure reliable and uninterrupted supply of electricity to consumers in conditions of shortage, as well as to ensure reimbursement of costs of electricity […]
Read MoreThe World Bank and the Government of Sri Lanka today signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for $200 million. This is the second operation in a two-part series that began in 2022. The first operation, totaling $500 million, was disbursed in June and December 2023.
Read MoreThe bodies of five Russian climbers, who had been missing for two days during an expedition on Dhaulagiri I, were discovered on Tuesday afternoon, authorities said. According to the District Police Office, Myagdi, the climbers, identified as Alexander Dusheysyko, Olek Kruglov, Vladimir Chistikov, Mikhail Nosenko, and Dmitri Shpilevoi, were found by a mountain rescue team. […]
Read MoreSri Lankan President Anura Kumara Dissanayake met with Takafumi Kadono, the Permanent Representative of the Asian Development Bank (ADB) in Sri Lanka, today (07) the Presidential Secretariat. The President had learned that the ADB has agreed to provide financing for the development of Sri Lanka’s tourism, energy, and small-scale enterprise sectors. Kadono emphasized that all […]
Read MoreThe Inland Revenue Department has collected Rs. 1,417 billion in taxes by September 30, 2024, surpassing 70% of its annual goal of Rs. 2,024 billion. Commissioner General Sepalika Chandrasekara however said that some taxpayers under the self-assessment payment system still owe taxes. Accordingly, starting today, the department officials will visit these taxpayers to expedite the […]
Read MoreUrges prompt resolution of compensation disputes, stresses adherence to law over undue influence. The government has decided to chart out a strategy in order to produce 28,500 megawatts of energy by 2035. A meeting chaired by the Prime Minister KP Oli on Monday at the Prime Minister’s Office discussed various aspects of the energy generation […]
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