China has offered to invest $3.7 billion in Sri Lanka, stated to be the biggest-ever foreign investment in the island nation, to build a state-of-the-art oil refinery at Hambantota as the two countries signed a new plan to upgrade BRI cooperation during Sri Lankan President Anura Kumara Dissanayake’s state visit to China. On Thursday, Dissanayake […]
Read MoreThe country’s non-renewable resources paint a mixed picture of stability and decline, with coal and talc known reserves fully exhausted and others showing worrying downward trends. Data from the Environmental Accounts Statistics 2024 reveals a decade of contrasting trajectories for key minerals, including dolomite, limestone, gypsum, and iron ore. Once a critical resource, Bhutan’s coal […]
Read MoreNepal Prime Minister K P Sharma Oli on Friday said the government has prepared a roadmap for generating 28,500 MW of electricity by 2035. Nepal currently generates around 2,500 MW of hydro power. Addressing a programme organised by Independent Power Producers’ Association Nepal (IPPAN) to commemorate its silver jubilee in Kathmandu, Oli said there was […]
Read MoreThe Kathmandu-Tarai expressway project has achieved 37.6 percent physical progress and 39.56 percent financial progress, with a total expenditure of Rs72.41 billion, as reported by the Nepal Army during an on-site inspection by President Ramachandra Paudel on Friday. President Paudel visited the completed tunnels at Lendanda, Dhedre, and Mahadevtar in wards 11 and 12 of […]
Read MoreThe Kazakh capital started implementing the project to create a second industrial park on an area of 409 hectares based on the Astana – New City special economic zone. According to Khalel Akimzhanov, head of Astana’s investment and entrepreneurship development department, industrial park No. 1 is the country’s leader in the production volume, reported Kazinform […]
Read MorePresident of Mongolia Khurelsukh Ukhnaa, who is on a State Visit to the Republic of Türkiye, was officially welcomed by President of the Republic of Türkiye Recep Tayyip Erdoğan, at the Presidential Complex. At the Welcoming Ceremony, the National Anthems of Mongolia and the Republic of Türkiye were played, and a ceremonial salute was performed. […]
Read MoreMullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, stated during the “Investment Call in Afghanistan” program that the Islamic Emirate has provided special privileges for industrialists and traders returning to the country. The Deputy Prime Minister for Economic Affairs added that the Islamic Emirate has taken effective measures to facilitate economic growth and […]
Read MoreSri Lanka and China have agreed to work towards the early conclusion of a comprehensive Free Trade Agreement (FTA) in “one package” in line with the principles of equality, mutual benefit and win-win outcomes. In a joint statement issued by both countries during Sri Lanka’s President Anura Kumara Dissanayake’s state visit to China, the two […]
Read MoreThe finance ministry has estimated a budget outlay of Nu 109.35 billion for the fiscal year 2025-26, the second year of the ambitious 13th Plan. This is according to the ministry’s budget call notification for the fiscal year 2025-26. The proposed outlay includes Nu 53.79 billion for capital expenditure and Nu 55.56 billion for recurrent […]
Read MoreThe Asian Development Bank (ADB) on Tuesday signed a financing agreement of 92.6 million U.S. dollars with PT Supreme Energy Muara Laboh (SEML) to develop Indonesia’s geothermal power resources. “This will be done by expanding the geothermal facility at Muara Laboh in West Sumatra, while supporting the construction, operation, and maintenance of a new geothermal […]
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