Sri Lanka’s domestic revenue exceeds 70% of the annual tax target

The 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 […]

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India PM accepts invite to visit Maldives

The Indian Prime Minister Narendra Modi has accepted President Dr. Mohamed Muizzu’s invitation to make an official visit to the Maldives. President Muizzu, who is currently on an official visit to India, extended the formal invitation during his meeting with Prime Minister Modi on Monday in New Delhi, India. Vikram Misry, the Foreign Secretary of […]

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Nepal PM calls for action on plan to generate 28,500 MW by 2035

Urges 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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Mining in Samtse: Communities demand fair share amid growing impacts

Samtse—The seven local communities living in the mineral-rich areas of Phuentshopelri gewog, Samtse are crying foul over how the mining operations in the area are causing more harm than good, calling for a fair share of benefits. Currently, four mining companies operate in Nyoenpaling-Tingtingma chiwog of Phuentshopelri gewog: Penden Cement Authority (PCAL) at Satergang, State […]

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Maldives welcomes over 1.5 million tourists so far in 2024

Maldives has welcomed more than 1.5 million tourists so far in 2024, indicating a 9.5 percent increment compared to the corresponding period last year. According to the most recent updates from the Ministry of Tourism, tourist arrivals from January 01st to October 06th stood at 1,522,621 whereas in the same period in 2023, arrivals stood at 1,385,883. […]

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All-sector investments welcome in Maldives: President Muizzu

Maldives ensures an amicable investment environment in every economic sector, says President Dr. Mohamed Muizzu, who added investing in the Maldives will reap significant rewards. President Muizzu made the remarks at the India-Maldives Business Forum in New Delhi on Monday, during his ongoing state visit to India. While speaking at the forum, President Muizzu unveiled […]

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Islamic Emirate Refers to October 7 as “Dark Day” in Country’s History

Twenty-three years ago, on October 7, 2001, the United States launched its airstrikes on Afghan soil. The Islamic Emirate, in recognition of this day, stated that the US attack on Afghanistan took the lives of thousands of people and that, in the end, the country and its allies were defeated and driven out of Afghanistan. […]

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Non-performing loans of financial institutions in Bangladesh increased to Tk 24,711 crore, one-third of total loans

The amount of non-banking financial institutions (NBFIs) in the country has increased to Tk 24,711 crore, which is 33.15 percent of the total disbursed loans till June this year. According to the data of Bangladesh Bank, at the end of March, the amount of defaulted loans in this sector was 23 thousand 889 crores, which […]

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Ministry: Around 350 Flights Pass Through Afghanistan’s Airspace Daily

The Ministry of Transport and Civil Aviation reports an increase in flights passing through Afghanistan’s airspace. Imamuddin Ahmadi, the spokesperson for the ministry, said that in the past week, around 350 flights have passed through the country’s airspace daily. The ministry’s spokesperson stated: “Recently, the number of transit flights through our airspace has significantly increased. […]

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Maldives President Muizzu rules out IMF bailout program; confident that India will assist

Maldives President Dr. Mohamed Muizzu has ruled out the possibility that Maldives might have to opt for a bailout program from the International Monetary fund (IMF) amid an economic crisis while expressing confidence that neighboring India will provide assistance to the island nation. The President, on Sunday, traveled to India for his first state visit […]

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