US cancels $39 million in aid for Nepal’s federalism and biodiversity projects
The US government has cancelled $39 million in aid allocated for Nepal’s federalism and biodiversity conservation projects. The funding included $20 million for fiscal federalism and $19 million for biodiversity conservation, the US Department of Government Efficiency said in a post on X. US taxpayer dollars were going to be spent on the following items, all […]
Read MoreLaos, Mongolia ink audit cooperation agreements
Lao and Mongolian state audit agencies will partner to strengthen financial management by enhancing ties between their state inspection organisations. An agreement on cooperation in this field was signed in Vientiane by the President of Laos’ State Audit Organisation, Mr Viengthavisone Thepphachanh, and Chairman of the National Audit Office of Mongolia, Mr Zagojav Deleg, in […]
Read MoreIndonesia, Uzbekistan agree to hold more high-level state visits
Indonesia and Uzbekistan have emphasized the importance of state visits by their leaders, according to a joint statement issued by Indonesian Foreign Minister Sugiono and his Uzbek counterpart, Bakhtiyor Saidov, on Wednesday. “The two ministers highlighted the significance of high-level visits between the leaders of both countries,” the statement noted, following the Second Meeting of […]
Read MoreMaldives to reach FTA with India soon, says Minister
The Maldives will soon finalise a trade pact with India, a senior Maldivian Minister has said, barely two weeks after New Delhi appeared to caution the island nation over possible “revenue loss” from similar deals inked with other countries, including China. According to Maldivian media, Minister of Economic Development and Trade Mohamed Saeed confirmed the […]
Read MoreHong Kong to complain to WTO on U.S. tariff decision
The Hong Kong government will proceed with launching a complaint with the World Trade Organization (WTO) over the United States’ decision to levy an additional 10 per cent tariff on products from the city, an escalation analysts say is important but unlikely to sway the Trump administration. Secretary for Commerce and Economic Development Algernon Yau […]
Read MoreJapan PM Ishiba, after meeting Trump, voices optimism over averting tariffs
Japanese Prime Minister Shigeru Ishiba expressed optimism on Sunday that his country could avoid higher U.S. tariffs, saying President Donald Trump had “recognised” Japan’s huge investment in the U.S. and the American jobs that it creates. At his first White House summit on Friday, Ishiba told public broadcaster NHK, he explained to Trump how many […]
Read MoreIMF mission visiting Pakistan to review governance, corruption risks: finance ministry
In order to add clarity to the reports circulating in the media, the Ministry of Finance and Revenue on Sunday said that the International Monetary Fund’s (IMF) mission is visiting Pakistan to conduct a governance and corruption diagnostic assessment (GCDA). In a statement, a spokesperson for the finance ministry said that the IMF has long […]
Read MoreAbu Dhabi Fund for Development announces loan for Velana Airport in Maldives
Abu Dhabi Fund for Development announced an additional loan of US$40 million to support the completion of the Velana International Airport project in the Maldives. This follows an earlier loan of US$50 million provided in 2017 for the project’s initial phases, highlighting the airport’s vital role in driving tourism, a key pillar of the Maldivian […]
Read MoreJapan, US agree to have FX matters in the hands of finance chiefs, Ishiba says
Japanese Prime Minister Shigeru Ishiba said he agreed with U.S. President Donald Trump that the two countries will leave foreign exchange-rate matters in the hands of their finance ministers. “As was the case during the first Trump administration, we decided to continue close discussions between the Japanese and U.S. finance leaders, who are the experts,” […]
Read MoreChina challenges Trump tariffs at WTO as package shippers warn of chaos
China filed a World Trade Organization complaint on Wednesday against US President Donald Trump’s new 10% tariff on Chinese imports and his cancellation of a duty-free exemption for low-value packages, arguing the actions are “protectionist” and break WTO rules. Beijing’s request for US trade consultations came as confusion reigned among shippers and retailers over Trump’s […]
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