Cash-strapped Sri Lanka records first deflation in 29 years

Cash-strapped Sri Lanka’s economy recorded falling consumer prices for the first time in 29 years, official data showed Monday, with the September inflation figure dipping to negative 0.5 percent. Census and Statistics Department data showed price drops in both food and non-food goods contributing to deflation in September, compared to inflation of 0.5 percent in […]

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Myanmar civil war fuels surge in cross-border drug trade: Thailand official

Thailand has seen a surge in illegal drugs trafficked from neighbouring Myanmar and a sharp increase in methamphetamines and heroin seizures, as a civil war adds fuel to the regional drug trade, a senior Thai counter-narcotics official said. Apikit Ch.Rojprasert, deputy secretary-general of Office of the Narcotics Control Board (ONCB), said the northern region remains […]

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Japan airport shut after likely WW2-era bomb explodes near runway, 87 flights cancelled

Miyazaki Airport shut its runway after the explosion caused a crater seven metres (23 feet) wide and one metre (3.2 feet) deep in the middle of the taxiway next to the runway. A regional airport in southwest Japan was closed on Wednesday after a US bombshell, likely dropped during World War Two to stem “kamikaze” […]

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Indian foreign minister says does not share Ishiba vision for Asian NATO

Jaishakar told an event at Washington’s Carnegie Endowment for International Peace that unlike Japan, India had never been a treaty ally of another country. India does not share the vision for an “Asian NATO” called for by Japan’s new Prime Minister Shigeru Ishiba, Indian Foreign Minister Subrahmanyam Jaishankar said on Tuesday. Jaishakar told an event […]

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Kyrgyzstan reduces import of shoes from Turkey by 1.5 times in seven months

Kyrgyzstan reduced its import of shoes from Turkey by 1.5 times in seven months of 2024, according to the National Statistics Committee. Kyrgyzstan purchased 2.3 million pairs of shoes from Turkey for $5.2 million in January-July. Last year, 3.5 million pairs of shoes were imported for $8.8 million. Despite this decline, Turkey remains the largest […]

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Middle East Tensions Escalate: Will Afghanistan Be Affected?

The missile attack by Iran last night (Tuesday), which marks the second direct military confrontation between the two sides, has heightened concerns over the potential spread of conflict in the region. Moeen Gul Samakni, a political analyst, commented on the effects of Iran’s missile strike on Israel: “Israel will certainly retaliate. In any case, the […]

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Bhutan unveils GMC as a model of futuristic sustainable urban development

The Gelephu Mindfulness City (GMC) is poised to become a gateway between the world and South Asia, as well as the Vajrayana capital of the world. This vision was shared by Bjarke Ingels, founding partner and creative director of BIG, during the unveiling of GMC’s master plan at the Bhutan Innovation Forum yesterday. The GMC […]

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IMF delegation, Sri Lankan government’s economic team review IMF programme

A high-level delegation from the International Monetary Fund (IMF) that arrived in Sri Lanka today held discussions with the economic team of the new government where they reviewed the IMF programme thus far, the President’s Media Division (PMD) said. The PMD said the IMF delegation arrived in Sri Lanka to engage with the newly formed […]

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Maldives Govt. should consider concerns surrounding USD regulation: Shahid

Main opposition MDP’s leader Abdulla Shahid has called on the government to consider concerns raised by various parties on the Regulation on Foreign Currency and the Regulation on Money Changing Business. On Tuesday, the MMA published two new regulations aimed at increasing the flow of US Dollars in the Maldives. Subsequently, Maldives Association of Tourism […]

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