Afghanistan

Afghan Assets Made $70 Million in Interest: Mehrabi – Tolo News

Shah Mohammad Mehrabi, Central Bank supreme council member and board member of the Afghan Trust Fund in Switzerland, said that the $3.5 billion fund–including $36 million and $34 million in interest–should be used for achieving monetary stability and reducing volatility in the Afghan currency exchange. Click here to read…

Taliban Seeks Iranian Foreign Ministry’s Approval after Appointing Envoy to Tehran – News18

The Iranian foreign ministry could hand over the administration of the Afghan embassy in Tehran to the Taliban, news agency Khaama Press reported citing an Afghan diplomat. The Khaama Press also said that the handover process will be completed in the next few days. The development comes shortly after the Taliban-run foreign ministry stated in a letter that Mohammad Afzal Haqqani has been appointed as a designated ambassador to Tehran. The letter said that Haqqani will be in charge of the diplomatic mission in Iran as the first secretary of the embassy. Click here to read…

Pakistan Reopens Border Crossing With Afghanistan That It Shut Over Shelter To Terrorists – Outlook

Pakistan on Saturday reopened a border crossing with Afghanistan that it closed earlier over a tussle with the Afghan Taliban over terrorism. Earlier, Pakistan closed the Torkham border for vehicular traffic for the last six days amidst bilateral tensions. It was opened on Saturday, allowing the movement of over 7,000 trucks stranded. Click here to read…

Afghan women launch Women’s Revolution in Kabul to fight for fundamental human rights – Devdiscourse

According to one of the organizers, Donya Safi, the movement aimed to “protect the basic rights of citizens, particularly women, as access to basic rights is a serious requirement for the citizens.” We started this campaign to fight the injustice and inequity against women, reported Amu TV, according to Khaama Press. Click here to read…

Enrollment Drops By 70% in Universities, Educational Centers – Tolo News

The union of universities and educational centers said that the recent restrictions on female education has severely affected the universities. The media director of the union, Mohammad Karim Nasiri, said that the number of participants has dropped by 70 percent. “If we speak generally, enrollment has dropped from 60 to 70 percent in the universities. Prior to this many people were registering,” he said. Click here to read…

Bangladesh

Severe dollar crisis hobbles Bangladesh businesses – Aljazeera

There is a severe shortage of greenbacks in Bangladesh due to its dwindling foreign reserves and a sharp drop in the value of its taka currency against the dollar. In the past six months, Bangladesh’s foreign reserves have dropped below $32bn from $39bn while the value of the taka has fallen by 27 percent from 84 to the dollar to 107. Click here to read…

Russia thanks Bangladesh for abstaining in UNGA on Ukraine resolution – India Today

Russia on Saturday thanked Bangladesh for abstaining from voting in the UN General Assembly on a resolution that underscored the need to reach “comprehensive and lasting peace” in Ukraine, days after Moscow protested Dhaka’s decision not to allow the docking of Russian ships under Western sanctions. Click here to read…

US, India, and the election in Bangladesh – Daily Star

In recent months, there have been quite a few visits from countries that are deemed to have the potential to wield significant influence on Bangladesh politics, especially around elections. A number of top US officials visited Bangladesh for talks with government officials, civil society members and senior journalists over the last few years. The Indian foreign secretary visited on February 15. The Chinese foreign minister, on his way to Africa, stopped by in Dhaka in January for a brief meeting with his Bangladeshi counterpart at the airport. Usually, newly appointed Chinese foreign ministers begin their stint with a tour of Africa. This time, however, the minister seemed to consider Bangladesh important enough for a brief stopover on his first trip abroad. Click here to read…

Bhutan

India pledges to invest Rs 2 billion in Bhutan’s Gyalsung Infra Project – Economic Times

On Saturday, the first tranche of the grant that was presented will be used for the DeSuung for Gyalsung (DFG) programme as a special India-Bhutan Friendship Project. The DFG seeks to engage about 11,000 DeSuups in the Gyalsung infrastructure construction project through a hybrid skilling and on-the-job training program over the next two years. Click here to read…

To Woo Indian Tourists, Bhutan to Sell Gold at Duty-Free Rates – the Wire

According to the latest prices, 10 grams of 24-carat gold in India costs Rs 57, 490 while it costs around Rs 40,200 in Bhutan. However, tourists will have to pay the sustainable development fee and stay at least one night at a hotel certified by Bhutan’s department of tourism. Click here to read…

Bhutanese economy, moving forward – Kuensel

The Water Male Tiger Year 2022 was challenging for the Bhutanese economy. As the economy was getting better from the headwinds from two years of the pandemic, the new variant of Omicron threatened the economy once again at the beginning of last year. This was followed by Russia’s invasion of Ukraine on March 24 last year marking one year as of yesterday. This dimmed the global economy including Bhutan’s forecast, coupled with the persistent inflation, particularly for food and energy. Click here to read…

Bhutan to implement “Health in all policies” strategy to ensure public well-being – ANI

‘policies”>health in all policies’ is an approach where impacts on health are considered in all decision-making and across all sectors and policies, the Bhutan live reported. according to the centres for disease control and prevention of Bhutan, the approach considers potential health outcomes when making policy decisions about transportation, education, housing and other areas that affect communities. Click here to read…

Impact of War in Ukraine: Perspective from Bhutan – Friedrich Naumann Foundation

Its economic lifeline dependent on India, Bhutan is vulnerable to any repercussion the war has on its immediate neighbour. The shortage of fuel was the first of these repercussions, causing long lines of motor vehicles to form at fuel stations even as the government sought to allay public concerns. India’s announcement of halting its wheat exports created fear of a potential shortage of food. At the same time, Bhutan’s close relations with India and the latter’s strategic relations with Russia made for a delicate situation. Eventually, Bhutan learned some invaluable lessons. Click here to read…

Maldives

MATI launches two books to commemorate Golden Jubilee of Maldives tourism – Raajje

The Maldives Association of Tourism Industry (MATI) has launched two books to commemorate the Golden Jubilee of Maldives Tourism. The books were launched at the 33rd Annual General Meeting of MATI held at Kurumba Maldives on 19th February 2023. Minister of Tourism Abdulla Mausoom, Chairman of MATI, Mohamed Umar Maniku, Minister of Health Ahmed Naseem, Secretary General of MATI, Ahmed Nazeer, CEO and MD of MMPRC, Thoyyib Mohamed took part in the launching ceremony. Click here to read…

Maldives-UAE discuss ways to strengthen defense cooperation – Raajje

Maldives and the United Arab Emirates (UAE) have explored expanding defense cooperation. Maldives Defense Minister Mariya Ahmed Didi has met with the UAE’s Chief of Staff of Armed Forces, Lieutenant General Engineer Issa Saif bin Ablan Al Mazrouei. She met with the UAE’s Chief of Staff of Armed Forces, on the margins of the International Defense Exhibition (IDEX 2023) on Friday. Click here to read…

Myanmar

Japan to ‘Appropriately Handle’ Project Benefiting Myanmar’s Military – HRW

During a televised parliamentary budget session on Wednesday, February 22, Japan’s Prime Minister Fumio Kishida said his government will “appropriately handle” a development aid project in Myanmar that is benefiting the country’s abusive military. Yoshimasa Hayashi, the Japanese foreign minister, echoed the prime minister’s public pledge to take appropriate action. Click here to read…

Myanmar continues to be in FATF Black List; UAE, Turkiye in Grey List – India Today

Myanmar along with Iran and North Korea continue to be on the ‘Black List’ of the FATF with the global watchdog on terror financing and money laundering on Friday terming the three countries as “high-risk jurisdictions”. In a statement, issued after the second plenary of the FATF in Paris under the presidency of T Raja Kumar of Singapore, the Financial Action Task Force also said the United Arab Emirates (UAE), Turkiye, Jordan, South Africa and 20 other nations will be in its ‘Grey List’ and they will be under increased monitoring. Pakistan was removed from the ‘Grey List’ in October last year. Click here to read…

No Myanmar refugees involved in drugs trafficking in Mizoram, says minister Lalchamliana – Times of India

None of the Myanmarese refugees in Mizoram have been found to be involved in drugs and narcotics trafficking to date, home minister Lalchamliana said on Saturday. Lalchamliana said barring 10 or 20 people, 31,050 displaced Myanmar nationals taking refuge in the state have been profiled and temporary identity cards have been issued to them. Click here to read…

Nepal

‘Prachanda’ government in danger in Nepal: 4 ministers including deputy-PM resign – Sangri Today

Four ministers of Rashtriya Prajatantra Party (RPP), including Deputy Prime Minister Rajendra Singh Lingden, have resigned from Pushpa Kamal Dahal’s government formed two months ago in Nepal. Actually, Prachanda’s government has announced going out of the coalition and supporting Ramchandra Poudel of the opposition party Nepali Congress for the post of President. Angered by this, the RPP ministers decided to quit the government on Saturday. Click here to read…

Nepal reports lowest growth in 7 years in Q1 – Dajji World

23 fiscal year which began in mid-July 2022, the lowest year-on-year growth in the past seven years, the National Statistics Office (NSO) has reported. The country logged a growth of 3 per cent over the same period of the 2021-22 fiscal year and has targeted an 8-per cent growth for the current fiscal year, Xinhua news agency reported. Click here to read…

China’s ambassador steps up political engagements ahead of crucial presidential elections in Nepal – Dajji World

Chinese Ambassador to Nepal, Chen Song, has stepped up his high-level political engagements in Kathmandu as political parties in parliament stepped up their dialogues on who should be elected the next president of the country. Nepal is electing its new president on March 9 and political parties in parliament will have to file their nominations by February 25. Ahead of nominations for the crucial presidential elections, parties have started their internal debates to see potential nominees. Click here to read…

A potential debt trap in Nepal – Devi Discourse

The risk here is that a country’s national debt could become too high when Nepal needs heavy investment in quality infrastructure. When that happens, spending without proper calculation of income or direct contribution to the national output can be disastrous. As a result, increased interest payments can divert funds from other much-needed government projects, or there is a less private investment because of high-interest rates. Budgets are tightened and confidence in the economy weakens. For the fiscal year 2022–2023, Nepal’s government is only permitted to raise a maximum of 256 billion Nepalese Rupees (about USD 2 billion) in internal loans. The decision to limit external borrowing comes at a time when several countries, including Sri Lanka, were facing debt distress. Click here to read…

Pakistan

Pakistan govt halts clearance of bills, salaries amidst economic crisis – Deccan Herald

The cash-strapped Pakistan government has directed the accountant general to cease the clearing of bills, including salaries, owing to the current economic crisis, according to a media report on Saturday. The Ministry of Finance and Revenue also instructed the Accountant General of Pakistan Revenues (AGPR) to halt the clearing of all the bills of the federal ministries/divisions and attached departments until further notice, The News International quoted official sources as saying. Click here to read…

Imran faces 36 cases in ECP, Lahore & Islamabad – The Express Tribune

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan faces a whopping number of 36 cases currently pending against him in various courts of Islamabad, Lahore and in the Election Commission of Pakistan (ECP). These include disqualification, pre-arrest bail, criminal proceedings, protective bail and defamation cases. One case pertains to terrorism as well and the PTI chief is yet to be granted pre-arrest bail in that one. Click here to read…

Pakistan economic crisis: Now country’s healthcare system gets hit, medicines supply deteriorate – Mint

Amid Pakistan’s external debt servicing obligation for the ongoing fiscal year 2022-23 rovers over $23 billion, of which $6 billion has been repaid and $4 billion rolled over, reports are arriving that country’s healthcare system has been badly hit and its struggling for essential medicines. Click here to read…

Pakistan’s Weekly Inflation Crosses 40 Percent For 1st Time In 5 Months – NDTV

Consumer prices rose significantly in the outgoing week on the back of onions, chicken, eggs, rice, cigarettes and fuel, official data showed on Friday, driving the weekly inflation to over 40 per cent for the first time in over five months, the Dawn reported. Though week-on-week inflation eased slightly, it still remained high as bananas, chicken, sugar, cooking oil, gas and cigarettes became costlier, the Pakistan Bureau of Statistics (PBS) reported. Click here to read…

China, Iran, Uzbekistan come to Pakistan’s rescue from economic crisis – Mint

Amid this unstable economic situation, Iran is promoting trade with Pakistan, while China has granted a new $700 million loan to the country. This week, Pakistan has received a new $700 million loan from China to help shore up its foreign exchange reserves, in another step to help the South Asian nation recover from an economic crisis, according to Reuters. Iran has established six border markets to promote trade with crisis-hit Pakistan, said Iranian Consul General Hasan Noorain as quoted by pkrevenue. Uzbekistan has also inked a $1 billion deal to increase bilateral trade with Pakistan at the 8th meeting of the Pakistan-Uzbekistan Inter-governmental Commission on Trade-Economic and Scientific-Technical Cooperation (IGC) held in Tashkent on Friday. Click here to read…

Sri Lanka

India & Sri Lanka review defence & security cooperation at annual defence dialogue – Economic Times

Top defence officials of India and Sri Lanka have held the seventh edition of their annual dialogue during which the two sides reviewed the bilateral defence and security cooperation and identified new avenues for engagement. The two-day meeting of the 7th edition of the Annual Defence Dialogue (ADD) between India and Sri Lanka, which began in New Delhi on Thursday was chaired by Defence Secretary Giridhar Armane and his Sri Lankan counterpart General Kamal Gunaratne. Click here to read…

Sri Lankan opposition-led protest march comes under police tear gas water cannon attack – The Week

Sri Lankan police on Sunday fired tear gas and water cannons to disperse a protest march organised by the country’s main opposition coalition here against the delay in local body polls. The Election Commission on Friday formally announced that the local body elections would not be held on March 9 as planned, and a fresh date will be notified on March 3. Click here to read…

Afghanistan

Taliban Demand US Return $3.5 Billion In Afghan Assets After Court Ruling – NDTV

Taliban authorities called on Washington Wednesday to return $3.5 billion belonging to Afghanistan’s central bank after a New York federal judge ruled the families of victims in the 9/11 attacks cannot seize the funds. The United States took control of the assets soon after the Taliban stormed back to power in Afghanistan in 2021, with President Joe Biden saying the money could be made available to the families of 9/11 victims. Click here to read…

Taliban bans, restricts media operations in 2 Afghanistan provinces – Committee to Protect Journalists

On Tuesday, February 21, Taliban officials, in a meeting with journalists in the southern province of Helmand, announced a ban on all media outlets—including Taliban-run Radio Television of Helmand and Bakhtar News Agency —preparing and distributing photos and videos, according to the media watchdog Nai and a journalist inside Afghanistan, who spoke to CPJ by messaging app on the condition of anonymity due to fear of reprisal. Click here to read…

Afghanistan: Pakistan, Taliban officials hold talks on ‘terrorism threat’ following deadly attacks – Wion News

Days after Islamabad witnessed some deadly attacks, Pakistan’s Defence Minister Khawaja Muhammad Asid and intelligence chief Nadeem Anjum held talks with the Taliban government on Wednesday (Feb 22) on ways to counter the “threat of terrorism.” The meet was held in Kabul, led by Afghan’s Deputy Prime Minister Abdul Ghani Baradar. Click here to read…

China’s Clouded Future in Afghanistan – The Diplomat

More than a year since the Taliban takeover of Afghanistan, the country is now facing a new terrorist threat that is making it more risky and difficult for China to commit to the region. While the Islamic State (IS) has been weakened globally since its territorial defeat in 2019, it continues to thrive in Afghanistan. Click here to read…

Bangladesh

What Are the Conditionalities of IMF Loans in Bangladesh: Dispelling the Myth – Geopolitics

About the IMF assistance, the term “conditions” does not refer to a deep economic reform or a massive change in the economy; rather, these conditions are basically the future working plan or suggested economic reforms for better economic conditions in a future developed Bangladesh. Besides, PM Sheikh Hasina also highlighted the issue and said, “The IMF provides loans to a country only when it has the capacity to repay the loan…We will not accept an IMF loan with any conditions.” The IMF focuses on some broad areas where Bangladesh has rather shown optimistic marks. Click here to read…

Mulling on National Security Strategy of Bangladesh: Priorities and Posture – Geopolitics

The hostile overture of Myanmar didn’t spiral, partly owing to Bangladesh’s restrained posture. Had Bangladesh overtly embroiled itself in escalation dynamics, the situation might spiral out of control, and the aggressor-victim dichotomy would be blurred. Conversely, Myanmar’s hostile actions propelled diplomatic measures by Dhaka, which attest to the conciliatory bent of Bangladesh. The absence of overt retaliatory measures doesn’t indicate the feebleness of Bangladesh, rather the strategic patience of Bangladesh can be interpreted as a commitment to peace, eschewing unwarranted conflicts. Click here to read…

Military support to ethnic armed groups in Myanmar may undermine Bangladesh’s security – Dhaka Tribune

Brig Gen (Retd) M Sakhawat Hussain on Wednesday said that using a liberal interpretation of the non-lethal assistance clause may allow the United States to provide military support to the various ethnic armed organizations (EAO) in Myanmar which “may undermine” Bangladesh’s security as these groups have some ties to the same separatist factions operating in the country. Click here to read…

Paradoxes of terrorism in Bangladesh – Daily Star

We have heard the word “paradox” innumerable times in relation to development in Bangladesh. Now, in a new book titled The Politics of Terrorism and Counterterrorism in Bangladesh, published by the British multinational publisher Routledge, its editors say that “the chapters in this volume will illustrate that Bangladesh is an exciting and often paradoxical case for terrorism studies in general.” One of the paradoxical elements pointed out in this book is the fact that “most of the key coordinators or leaders of the new generational groups of terrorists are educated in secular universities, either in Bangladesh or abroad” against a typical perception that religious seminaries, known as madrasas, are the breeding ground of Islamic terrorism. This book is published as a part of the Routledge Studies in South Asian Politics series. Click here to read…

Bhutan

Bhutanese Crown Prince is country’s first citizen with digital identity – Royal Central

Crown Prince Jigme Namgyel Wangchuck of Bhutan undertook his second solo official engagement as he became the first citizen to be inserted in the country’s new digital identity platform. Click here to read…

Maldives

Adhaalath Party agrees to form alliance with MDP for upcoming election – Avas

Adhaalath Party has decided to back President Ibrahim Mohamed Solih and form a coalition with the Maldivian Democratic Party (MDP) for the upcoming presidential election. Adhaalath Party is part of the current ruling coalition. The MDP National Assembly passed a resolution on February 15 giving the MDP presidential candidate and President Ibrahim Mohamed Solih the power to decide if he wants to form a coalition in the upcoming presidential election. Click here to read…

Two arrested for Bank of Maldives internet banking scam – Edition

According to the Maldives Police Service, two men have been arrested for allegedly stealing information to access Bank of Maldives’ (BML) internet banking and buying goods worth over MVR 200,000 through QR code scanning. The arrests were made on Saturday, and the two men, a 25-year-old and a 27-year-old, have been remanded in custody for 15 days. Click here to read…

Myanmar

Myanmar Junta’s Rakhine Poll Plan Hinges on Arakan Army – Irrawaddy

The military coup in February 2021 triggered an armed uprising across the country, with fighting raging in both towns and villages – but Rakhine State has been relatively stable. This is partly because the ethnic rebel Arakan Army (AA) reached a ceasefire agreement with Myanmar’s military three months before the coup thanks to mediation by Japan’s Sasakawa Foundation. Rakhine State had experienced two years of fierce fighting before the putsch, but during that time Rakhine lawmakers were able to help displaced civilians through Parliament. On the political stage, the Arakan National Party (ANP) won popular support in northern Rakhine while the National League for Democracy (NLD) was strong in southern Rakhine. Click here to read…

India is keeping close ties with Myanmar, even transferring weapons, NGOs say – RFA

India, the world’s largest democracy, has nurtured closer relations with Myanmar’s military junta over the past two years, including providing weapons at least four times since the 2021 coup d’etat, two humanitarian and advocacy organizations in India said. The Indian government and Indian companies sold radar technologies and remote control air defense systems to Myanmar’s military government in 2021, said India for Myanmar, which helps refugees from the war-torn country who have fled to neighboring India. Click here to read…

Can Myanmar-Bangladesh ties promote ASEAN- SAARC regional stability and prosperity? – Nagaland Post

Naf River flows through Bangladesh and Myanmar. The Rohingyas who fled through this river crossing the tortured, oppressed, expelled and fearing for their lives have taken refuge in Bangladesh. However, trade between the two countries can continue on this river route, cargo ships can crowd the river ports of the two countries. Boats full of tourists can be floated on the river where tourists can see the sights of Bangladesh and Myanmar. Although the ongoing Rohingya problem with this neighboring country of Bangladesh is an obstacle, initiatives should be continued to improve the relationship between the two countries. Click here to read…

Nepal

Congress-Maoist alliance back in focus – The Kathmandu Post

Immediately after the Election Commission on Wednesday kicked off the presidential election process by publishing the voter list, a new kind of political understanding seemed to be in offing between the Nepali Congress and the CPN (Maoist Centre). A meeting between the two sets of leaders on Wednesday evening agreed to revive the old five-party alliance formed in July 2021 after CPN-UML chief KP Sharma Oli’s ouster from prime minister’s office, the Post has learnt. Click here to read…

Nepal’s stated policy keeps it from joining China’s GSI – The Kathmandu Post

China on Tuesday released a concept paper of its Global Security Initiative (GSI), calling on countries to adapt to the profoundly changing international landscape in a spirit of solidarity, and address the complex and intertwined security challenges with a win-win mindset. The GSI aims to eliminate the root causes of international conflicts, improve global security governance, encourage joint international efforts to bring more stability and certainty to a volatile and changing era, and promote durable peace and development in the world, said the concept paper which was also subsequently distributed to the Nepali media by the Chinese Embassy in Kathmandu. Click here to read…

Chinese ambassador to Nepal increases political engagement ahead of Presidential Election – ANI

With just two days left for the nomination filing for the Presidential Election slated next month, the Chinese envoy to Nepal Chen Song has increased his political engagement.
Song’s political engagement increases as the parties remain divided over who should stand as the candidate for the March 9 Presidential election. Click here to read…

Indian Foreign Secretary’s visit to Nepal and its geopolitical connotation – Khabarhub

Indian Foreign Secretary, Vinay Mohan Kwatra, recently concluded a two-day official visit to Nepal on February 13–14 2023, at the invitation of the Nepali Foreign Secretary and his counterpart, Bharat Raj Paudyal. Although this was a meeting at the level of the Foreign Secretaries of the two countries, it was given greater significance due to the close ties between India and Nepal. Click here to read…

Pakistan

China approves $700m loan to Pakistan – The Telegraph Online

Pakistan’s all-weather ally China has approved a loan of $700 million and the funds will be transferred to the central bank this week, finance minister Ishaq Dar announced on Wednesday as the cash-strapped country tried to avert a financial crisis. The announcement by Dar on the loan by the Board of China Development Bank (CDB) came a day after Pakistan’s National Assembly unanimously passed a money bill aimed at raising tax revenues to fulfil the demands set by the IMF for seeking a $1.1 billion loan facility to avoid an economic meltdown. Click here to read…

Imran Khan supporters detained as Pakistan races to secure IMF deal – Financial Times

Former Pakistan prime minister Imran Khan’s party said on Wednesday night that up to 700 of its activists and leaders had been arrested during protests designed to destabilise the government, which is urgently seeking an IMF bailout to avert a default. Khan and his allies said last week that they wanted their supporters to be detained en masse to force early elections. Click here to read…

‘Not able to feed soldiers’: Now, Pakistan’s economic crisis hits army – Business Today

Pakistan’s ongoing economic crisis has hit one of the most important institutions in the country – the army. The Pakistan Army is reportedly facing food shortage in messes due to a cut in supply amid the worst economic crisis in the country. Some field commanders have written letters to the Quarter Master General (QMG) Office in the General Headquarters, pointing to cut in food supply to soldiers in all army messes, News18 reported on Wednesday. Click here to read…

President’s move to set election date draws political ire – Dawn

President Arif Alvi’s move to set a date for Punjab and Khyber Pakht­unkhwa elections has drawn sharp criticism from his political opponents, who have accused him of acting like a PTI worker, though at least one legal expert has suggested that Mr Alvi was “well within his rights” to announce the poll dates. On Monday, hours after the Election Commission of Pakistan (ECP) reaffirmed its decision not to consult the president on the matter, Mr Alvi went solo and announced April 9 as the election date for both provincial assemblies. Click here to read…

Pakistan Implements Austerity Measures To Secure IMF Funding – Hindustan Herald

Pakistan’s Prime Minister, Shehbaz Sharif, has announced a new austerity drive that will save the country 200 billion rupees ($766 million) per year. Ministerial allowances and travel expenses will be reduced as part of the measures taken as Islamabad seeks a $1 billion funding agreement with the International Monetary Fund (IMF). Furthermore, according to Reuters, all federal ministries and government offices would be required to cut spending by 15%.Click here to read…

Sri Lanka

Sri Lanka Crisis: Sri Lankan President will come to Bengaluru to meet Chinese Foreign Minister for debt relief – News WALLI

Sri Lankan President Ranil Wickremesinghe will meet the Chinese Foreign Minister in India on Friday. The Chinese Foreign Minister is about to arrive in India to participate in the meeting of foreign ministers of G-20 countries. According to sources in the Sri Lankan government, Wickremesinghe will ask the Chinese foreign minister for debt relief. President Wickremesinghe said in a meeting in the city of Kandy- ‘During the meeting of the G-20 foreign ministers, he is expected to discuss the debt restructuring (resetting their payment schedule) of those countries whose economies have been destroyed. I hope to talk to the Chinese Foreign Minister there on how to restructure Sri Lanka’s debt. Click here to read…

Power price hike pushes Sri Lanka crisis to the brink – The Print

The latest electricity price rise in crisis-hit Sri Lanka has left stall owner Mohammed Lafeel in a quandary: the 66 per cent increase means he can’t afford to pay for electricity but can’t manage without it so goes deeper into debt to keep it on. Over the last month, with inflation hovering at 55 per cent year-on-year, Lafeel says his income has fallen by about a third as fewer customers buy his knick-knacks as more of them struggle under the island’s worst financial crisis in seven decades. Lafeel says he doesn’t know how he can repay the 300,000 rupees ($835) he borrowed for his daughter’s wedding and has had to borrow more to reconnect the power at home after it was cut off because he hadn’t paid the bill. Click here to read…

Forty more buses received under Indian Credit Line – Daily News

Another phase of the distribution of new buses given to the Sri Lanka Transport Board (SLTB) under the Indian Credit Line took place on Tuesday at the Lanka Ashok Leyland premises in Panagoda, Homagama. These new buses are to be distributed to all depots in the island according to a concept of the Transport, Highways and Mass Media Minister Dr. Bandula Gunawardena, to put 500 new buses into operation this year, in order to strengthen public transport in rural areas of the country in conjunction with the 75th Independence Commemoration. Accordingly, as the third phase of the programme, 40 new buses were handed over to the SLTB depot at Lanka Ashok Leyland Institute premises, Athurugiriya, under the patronage of Minister Dr. Gunawardana. Click here to read…