The 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 MoreThe long-standing strained relationship between China and India came under discussion at the BRICS summit held in Kazan, Russia last week. There, a much-awaited meeting was held between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi. This is the first full-fledged bilateral meeting between the two neighboring leaders since the border clash in […]
Read MoreThe process began on Wednesday and is expected to conclude by the end of the month, a senior Indian army official said. India and China have begun implementing an agreement to end a military standoff on their disputed Himalayan border, the two sides said on Friday, in the biggest thaw between the Asian giants since […]
Read MoreThe HT report comes just a day after The Print’s report, which also said Hasina is residing in a safe house in Lutyens Bungalow Zone in Delhi. Quoting intelligence sources, Indian daily Hindustan Times today reported that ousted Bangladesh prime minister Sheikh Hasina is staying in a secure bungalow in the VVIP area in central […]
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 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 […]
Read MoreClaiming 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 MoreA spokesperson for China’s Ministry of Foreign Affairs stated that China intends to reduce customs tariffs with Afghanistan to zero. Zhao Xing, China’s ambassador in Kabul, announced in a meeting with Mawlawi Abdul Kabir, the deputy prime minister for political affairs, that this measure aims to strengthen cooperation between the two countries. Hamdullah Fitrat, Deputy […]
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 […]
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