Nepal received foreign investment commitments totalling Rs3.45 billion in the third month of the current fiscal year (September-October), the Department of Industry said. Among these, Rs150 million were pledged for 21 industries through the automatic approval route, a system introduced following the Third Nepal Investment Summit in April. An additional Rs3.3 billion in pledges was […]
Read MoreBut the central bank projected inflation to move around its 2% target in coming years, stressing its resolve to keep hiking borrowing costs if the economy sustains a moderate recovery. The Bank of Japan maintained ultra-low interest rates on Thursday and signalled the need to scrutinise global economic developments, highlighting its focus on risks to […]
Read MoreUzbekistan’s draft state budget for 2025, now open for public review, reveals plans to focus on economic growth, infrastructure, and social sector enhancements. The budget anticipates a 6% GDP growth rate alongside an inflation rate hovering around 7%, with the state aiming to maintain the budget deficit at 49.3 trillion UZS, or 3% of GDP. […]
Read MoreNorth Korean leader Kim Jong Un was on hand and said the test was a warning to enemies that have been threatening the country’s security, KCNA state news agency said. North Korea said it tested an intercontinental ballistic missile on Thursday, upgrading what it called the “world’s most powerful strategic weapon”, as Seoul warned Pyongyang […]
Read MoreMalaysia said in July it will require social media platforms and messaging services with more than eight million users to obtain a licence, as part of efforts to curb financial scams, cyberbullying and sexual crimes online. A Meta Platforms official on Wednesday criticised Malaysia’s plan to require social media platforms to apply for a regulatory […]
Read MoreDifferent countries in the world are trying to establish dominance by sending astronauts into space. So far, America and Russia have had several successes in this regard. However, the Asian country China is also trying to reach a milestone. A Chinese spacecraft carrying three astronauts went into space on Wednesday after a journey of more […]
Read MoreA Resident Foreign Currency Deposit (RFCD) account is a savings account that allows Bangladeshi residents to manage and access foreign currency. Banks will no longer be required to adhere to the Secured Overnight Financing Rate (SOFR) caps when setting interest rates on Resident Foreign Currency Deposits (RFCDs). Instead, banks will be allowed to determine interest […]
Read MoreThe International Monetary Fund has lowered its inflation forecast for Pakistan for the current year by 3.2 percentage points to 9.5%, the country’s finance minister said on Thursday. The IMF’s revised projection bring it closer to Pakistan’s own projections, Finance Minister Muhammad Aurangzeb said. He said there was no need to introduce a mid-year budget, […]
Read MoreThe Trade and Development Bank of Mongolia (TDB) participated in the “Mongolia–France Business Meeting,” an event focused on fostering trade, financial, and economic development collaboration between Mongolia and the Republic of France. During the business meeting, TDB and BPIFrance, the French state-owned investment bank, signed a Memorandum of Strategic Cooperation. Through this strategic partnership, TDB […]
Read MoreRecent military cooperation initiatives between North Korea and Russia pose a major security risk to the international community, South Korean President Yun Suk-yeol said on Tuesday after a cabinet meeting in Seoul. Earlier, Yun said, based on South Korea’s intelligence assessment, North Korean troops could be seen on the battlefield in Ukraine sooner than previously […]
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