MMBL-Money Transfer was responsible for bringing in a record US $ 350.8 million in foreign exchange into Sri Lanka in 2024. This represents 5 percent of the total worker remittances that came into the country last year. This also accounts for 77 percent of the overall Western Union remittances to the country. MMBL-Money Transfer is […]
Read MoreCommunities in two protected areas will soon benefit from targeted climate adaptation projects funded by the Climate Crowd Initiative, a global programme under the World Wildlife Fund (WWF). An incense processing unit will be established for communities living within Jigme Dorji National Park (JDNP), which includes Soe Gewog and Yaksa village. Draagchukha in Punakha will […]
Read MoreThe Budhi Gandaki Hydropower Project is a flagship National Pride Project of Nepal. It remains in limbo despite decades of planning and significant financial investment. With a planned capacity of 1,200 MW, the reservoir-type project is strategically located on the border of Gorkha and Dhading districts. While the government had spent over Rs 45 billion […]
Read MoreChina’s diplomatic efforts to end the civil war in Myanmar have yielded results. The Myanmar National Democratic Alliance Army (MNDAA), the second-largest armed group in the Three Brotherhood Alliance, has signed a ceasefire agreement with the country’s military junta government under Beijing’s mediation, The Irrawaddy reported. Under the terms of the ceasefire agreement, the group […]
Read MoreNew Delhi hopes that all existing agreements reached between India and Bangladesh on the border based on mutual consent will be respected. Indian Foreign Ministry Spokesperson Randhir Jaiswal said this in a regular briefing on Friday. The Indian Foreign Ministry Spokesperson highlighted the country’s position ahead of the Director General-level conference of Border Guard Bangladesh […]
Read MoreOn January 29, 2025, Deputy Speaker of the State Great Khural (Parliament) of Mongolia Bulgantuya Khurelbaatar met with Country Director of the Asian Development Bank (ADB) for Mongolia Shannon Cowlin. At the meeting, Deputy Speaker Bulgantuya Khurelbaatar expressed appreciation for the ADB’s continuous cooperation with Mongolia since 1997, particularly through grants and technical assistance projects […]
Read MoreIndia is concerned recent trade pacts signed by the Maldives will likely hurt the archipelago’s cash-strapped economy, the Indian foreign ministry said on Friday, in a reference to agreements between the Maldives and China, as well as Turkey. China and India both vie for influence in the strategically located Indian Ocean nation, whose $7.8 billion […]
Read MoreSri Lanka’s consumer prices fell by 4% in January, the highest deflation rate since July 1960, official data showed Friday, as the South Asian nation emerges from its worst economic meltdown. January was the fifth consecutive month of deflation, according to the Colombo Consumer Price Index. Inflation hit a record 69.8% in September 2022 at […]
Read MoreZhemgang—The restoration of Zhemgang Dzong will begin in the second fiscal year of the 13th Plan, with a budget of Nu 325 million allocated for the project. The Department of Culture and Dzongkha Development (DCDD) has completed the detailed project report (DPR). Funded entirely by the Royal Government of Bhutan, the project is among eight […]
Read MoreAround 86% of the country’s economic units (establishments engaged in economic activities) are facing capital challenges, with 34% not getting easy loans, according to the latest Economic Census 2024, conducted by the Bangladesh Bureau of Statistics (BBS). Planning and Education Adviser Wahiduddin Mahmud termed the situation unfortunate, stating, “Thousands of crores of taka have been […]
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