US President Donald Trump has taken a direct stand in favor of canceling the $21 million aid allocated to India. According to him, India has already received enough money and although he respects the country, it is not logical to give this grant to increase voter turnout. According to a report by Indian media NDTV […]
Read MoreNepal’s ambitious infrastructure expansion, backed by a $500 million grant from the United States, has been cast into uncertainty following the Trump administration’s decision to suspend foreign aid. The move, which comes as part of a broader freeze on international funding, has sparked concerns in Kathmandu, where leaders fear the setback could strengthen China’s influence […]
Read MoreHong Kong will file a complaint on recent US tariffs imposed on the city to the World Trade Organization, claiming the US has completely ignored the city’s status as a separate customs territory, chief secretary Eric Chan said on Tuesday (11 February). “This is absolutely inconsistent with the WTO rules. Of course, they have totally […]
Read MoreQatar has committed to investing $10 billion in India across various sectors, the two nations said in a joint statement on Tuesday, after Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani visited New Delhi. Indian Prime Minister Narendra Modi said he had a “very productive meeting” with Qatar’s Emir, who was on a two-day visit to […]
Read MoreMCC projects in Nepal have also been halted following the suspension of USAID initiatives. The Millennium Challenge Corporation (MCC), a U.S. aid agency, is facing setbacks as a result. On February 14, the U.S. government sent a letter informing that the implementation of MCC projects should be paused. According to the Ministry of Finance, the […]
Read MoreThe 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 MoreLao 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 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 MoreThe 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 MoreThe 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 […]
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