Tag Archives: debt

Neighborhood News Digest – 24 January 2023

Afghanistan
Reviewing engagement with Taliban on human rights violation in Afghanistan: US – The Print

The US is reviewing its approach and engagement with the Taliban regime in context of the slew of human rights violations taking place in Afghanistan, a top official in the Biden administration has said, emphasising that Washington is actively evaluating with its allies and partners to take the next appropriate steps towards it. Click here to read…

China inches closer to Afghanistan’s rare Earth reserves with new oil deal – India Today

Chinese Xinjiang Central Asia Petroleum and Gas Co (CAPEIC) signed a deal with Taliban-led Afghanistan in the capital city of Kabul. The acting Minister of Mines and Petroleum for the Taliban, Sheikh Shahabuddin Dilawar, on January 5 announced the deal in which the Chinese company would extract oil from the Amu Darya basin located in the northern part of Afghanistan. Click here to read…

Iran Seeks Commitment to Water Treaty – Tolo News

Iran has once again sought commitment from Afghanistan to the Helmand River Treaty signed between the two sides in 1973. Iran’s newly appointed ambassador to Kabul, Hassan Kazemi Qomi, in a meeting with Acting Foreign Minister Amir Khan Muttaqi said Afghanistan’s water resources should be managed to prevent waste and protect Iran’s water rights from it. In this meeting, Muttaqi assured the Iranian ambassador that Afghanistan is committed to the Helmand Water Treaty, said a foreign ministry spokesman Zia Ahmad Takal. Click here to read…

Bangladesh
BNP-Jamaat ‘clique’ conspiring ahead of polls: minister – Daily Star

BNP-Jamaat and the far left and right quarters are conspiring as the election inches closer, Liberation War Affairs Minister AKM Mozammel Haque told parliament yesterday. In a scripted answer, the minister said a section of people are trying to create unrest. “Jamaat-BNP… the far left, far right, associated with it… have become active in conspiracy ahead of the election. They do not see the achievements of Awami League.” Click here to read…

Initiatives should be inclusive – Daily Star

Chinese Ambassador to Bangladesh Yao Wen has opposed any regional or global initiative that is unilateral, exclusive, meant to create confrontation and against any country. “Any sort of initiative either by the US or other countries … they need to be open, inclusive. They should not be unilateral, exclusive or against any country,” said the newly appointed Chinese envoy after a meeting with Foreign Minister AK Abdul Momen at the ministry yesterday. Click here to read…

How the Bangladesh economy might fare in 2023 – TBS

Critical reforms in the taxation sector, banking sector, capital market, trade policy, and management of the exchange rate are long overdue. Such reforms, along with the faster and cost-effective implementation of some megaprojects and SEZs, are expected to make the economy more resilient. Click here to read…

Bhutan
Parties in search of female candidates – Kuensel

Women had taken part in politics, with some of them at the helm of governance and leading political parties as party president. However, even with studies showing widespread public acceptance of female politicians, women’s political participation remains low still. Click here to read…

Maldives
Maldives backs India for ’28-29 UNSC seat – Tribune India

As India seeks another term for two years at the UN Security Council, the Maldives has said it would support its candidature for a non-permanent seat for the 2028-29 term. “The Government of Maldives has decided to support India’s candidature for a non-permanent seat of the UNSC for the 2028-29 term. The decision was taken following Minister of External Affairs S Jaishankar’s visit from January 18 and 19,” said the Maldives’ Foreign Ministry. Click here to read…

Myanmar
Indian Coast Guard evacuates injured Myanmar national from sea – New Indian Express

THE Indian Coast Guard’s (ICG) advanced light helicopter on Monday evacuated an injured Myanmar national from a vessel of Singapore, about 80 nautical mile (148 km) east-northeast of Paradip. Motor tanker GB Venture had developed a mechanical snag and was anchored about 40.5 nautical mile south of Sagar. One crew member Than Htike Lwin sustained blunt abdominal trauma while carrying out maintenance of a hydraulic pipeline. Click here to read…

Myanmar: Japan’s Construction Aid Benefits Junta – HRW

Japan’s Yokogawa Bridge Corp. apparently transferred over US$1 million in 2022 to Myanmar Economic Corporation (MEC), which is owned by Myanmar’s abusive military, for a Japanese government development aid project, Human Rights Watch said today. Click here to read…

Myanmar plunges deeper into economic crisis – East Asia Forum

After nearly two years of military rule, Myanmar remains trapped in conflict, facing increasing political instability and a growing humanitarian crisis. While businesses and the labour market had already been affected by the COVID-19 pandemic, post-coup instability has done even more damage to Myanmar’s economy. Click here to read…

Nepal
‘Snow-capped mountains turning black’ – The Himalayan Times

Until some years back, the mountainous ridges were seen with snow-capped during the winter season.There used to be a huge inflow of foreign tourists here to take joy of majestic beauty of the Himalayas and play with snow. But, the silver-like glittering mountains are now turning to be black rocks arguably due to the effects of climate change. Consequently, the popular tourism hotspots of Sindhupalchowk – Helambu and Panchpokhari – are losing their identity as the prime tourist destinations. Click here to read…

Banned Practice of Isolating Menstruating Women Still Prevails in Nepal – News18

Menstruation is a monthly occurrence for women. The process is biological and natural, but there’s a lot of taboo and stigma around it. These taboos have often restricted women to take part in various activities at home in India and some other Asian countries too. This has been going on for centuries. One such tradition is Chaupadi. It is a practice in Nepal that restricts women from taking part in any household activities during their periods. They are even not allowed to stay inside their house. Click here to read…

Pakistan
Hours after major outage hits Pakistan, govt says power restoration under way – Dawn

A massive power cut across Pakistan continued after night fell on Monday, affecting most of the country’s 220 million residents, including in the metropolises of Karachi and Lahore. Energy Minister Khurram Dastgir said on Monday night, more than 12 hours after the breakdown occurred, that officials had begun restoring electricity across the country. Click here to read…

Govt wary of IMF-mandated ‘tough decisions’ in an election year – Dawn

The government’s fear of losing popularity before the elections seems to be keeping Pakistan from finalising a deal with the International Monetary Fund (IMF) that could stabilise the economy. Official and diplomatic sources told Dawn on Monday that both sides were still discussing the seven demands that the IMF wants Pakistan to accept before it resumes economic assistance to the country. Click here to read…

Pakistan has no money to hold elections? 10 worrisome economic indicators – Mint

Amidst growing concerns of economic turmoil, Pakistan media has quoted Pakistan Democratic Movement (PDM) Spokesperson, Hafiz Hamdullah indicating that if the situation does not improve the upcoming elections will be suspended. Pakistan’s foreign exchange reached a record low of $ 4.56 billion, which can cover only three weeks of imports, according to a Geo News report. Click here to read…

Govt chalks out strategy to tackle Rs1.64tr circular debt in gas sector – Geo News

The government has developed a comprehensive plan to address Rs 1,640 billion circular debt in the gas sector, reported The News. The plan includes securing dividends of Rs 800-850 billion from the two gas utilities, SNGPL and SSGCL, as well as increasing the tariff and adjusting existing slabs to protect lower income consumers from a rise in gas prices. In a bid to break the deadlock with the IMF, the government is working on a plan to remove the circular debt for the energy sector, electricity and gas, which has crossed Rs4.1 trillion figure. Click here to read…

Sri Lanka
God won’t change your destiny until you change yourself – Daily Mirror

The leaders of the two ruling parties, the United National Party (UNP) and Sri Lanka Podujana Peramuna (SLPP) for obvious reasons are arguing that the local government elections which are scheduled to be held on March 9 would not bring solutions to the economic issues that the country is currently faced with. Click here to read…

Is debt cancellation the way forward for Sri Lanka? – Aljazeera

More than 180 prominent economists and development experts from around the world have made a global appeal to Sri Lanka’s financial lenders to forgive its debt, even as other experts are not convinced it is the best way forward for the island nation. According to World Bank estimates, Sri Lanka has an external debt burden of more than $52bn as of December. Of that, nearly 40 percent is owed to private creditors, including financial institutions, while the rest is owed to bilateral creditors where China (52 percent), Japan (19 percent) and India (12 percent) are the largest ones. Click here to read…

Anatomy of sovereign insolvency of Sri Lanka – Daily FT

The purpose of this essay is to highlight the specific blunders by successive Governors of the Central Bank of Sri Lanka and members of the Monetary Board since 2006 that has led to the current crisis, and hold them accountable for their actions and/or inactions over a period of 16 years (July 2006-April 2022). Authority and power come with accountability and responsibility. Click here to read…

VIF Neighbourhood News Digest – December 06, 2022

Afghanistan
Zardari Expects to Talk With Kabul Over Threats Facing Pakistan: Tolo News

Pakistan’s foreign minister Bilawal Bhutto Zardari said they are expecting to work with an “interim authority” in Afghanistan to “address the challenges posed by the terrorist organizations.” He made the remarks in an interview with Al-Jazeera in response to a question asked about Tahrik-e-Taliban Pakistan (TTP).
Click here to read…

Mawlawi Yaqoob Meets with UAE President: Tolo News

Acting Defense Minister Mawlawi Mohammad Yaqoob, leading a delegation of the Islamic Emirate to the UAE, met with the President of the UAE, Sheikh Mohammad bin Zayed Al Nahyan, local news agencies reported.

Click here to read…

Iranian Envoy: US Seeks to Show Afghanistan in Shambles without Its Presence: The Khaama Press

Hassan Kazemi Qomi, the Iranian Special Envoy for Afghanistan, on Monday, December 5, said that the US has muddied the situation in Afghanistan by inflaming ethnic and religious conflict during the past year.
He further stated that the US Central Intelligence Agency (CIA) is still operational in Afghanistan, despite the military pullout, and that the US still has control over Afghanistan’s airspace.

Click here to read…

Bangladesh
Signs of the economy turning around in November –Dhaka Tribune

Latest data from Bangladesh Bank, Bangladesh Bureau of Statistics (BBS), Export Promotion Bureau (EPB) and Bureau of Manpower, Employment and Training (BMET) shows that export earnings turned out to be a record $5.092 billion in November. The previous record was $4.9 billion in December last year.
Click here to read…

Dec 10 rally venue not fixed yet – The Daily Star

With only four days left for BNP’s December 10 rally in the capital, the complications over the venue are yet to be resolved. The party has sought the National Eidgah field for the rally after police denied the permission to hold it in the Arambagh intersection as an alternative to Nayapaltan and Suhrawardy Udyan. Police said they will not allow rallies or public gatherings on the streets of the capitals and such events can only be held on open grounds.
Click here to read…

Bad debts going worse – The Daily Star

Misgovernance, corruption, nepotism and subsequent bad debts keep plaguing the banking landscape of Bangladesh. Central bank data reveals that non-performing loans (NPL) have swelled to a whopping Tk 134,396 crore as of September this year, accounting for 9.36 percent of the total loans disbursed. Nearly 29 percent of the loans disbursed by the six state-owned banks have been defaulted on as of September. This is despite the relaxed loan classification rules to allow banks to window-dress their accounts and make their financial health look sound.
Click here to read…

Bhutan
Fighting corruption – Kuensel Online

A small country like Bhutan is finding it difficult to address corruption. For international visitors, this is something that they cannot comprehend. Why, they ask. We do not have adequate answers. In Bhutan, corruption cases are on the rise and are difficult to treat. This is from Anti-Corruption Commission’s (ACC) annual report 2021-2022.
Click here to read…

Maldives
BML celebrates International Day of Persons with Disabilities – Raajje

The country’s national bank revealed via a press release on Sunday, that they kicked off celebrations to commemorate the International Day of Persons with Disabilities, in partnership with the Maldives Deaf Association (MDA). As such, a children’s evening was held in Guraidhoo island of Kaafu atoll to celebrate the day. More than 200 individuals from the Home for People with Special Needs, joined the event to participate in the activities.
Click here to read…

MNDF seize 3 Sri Lankan vessels fishing sharks in Maldivian territory – Edition

The Maldives authorities apprehended three Sri Lankan vessels that were illegally fishing sharks within Maldivian territory. Maldives National Defence Force’s (MNDF) Coast Guard discovered the vessels while patrolling the country’s borders. The boats were inside Maldives territory and a large quantity of sharks and other varieties of fish were found onboard the vessels, MNDF reported. MNDF is currently attempting to bring the vessels to Malé; the authority stated they will be able to dock them near Kaafu atoll Dhoonidhoo sometime around 01:00 am on Tuesday. The Coast Guard confirmed that two of the three vessels were taken into custody earlier on 30 November. The vessels, “Banuzan” and “Rathu 01” had six Sri Lankans crew members.
Click here to read…

Myanmar
Myanmar Resistance Inflicts More Casualties on Junta Forces – The Irrawaddy

The Myanmar junta’s military suffered casualties as People’s Defense Force groups (PDFs) and an ethnic armed organization (EAO) attacked regime targets across the country. Incidents were reported in Kachin and Mon states and Sagaing, Magwe and Mandalay regions. The Irrawaddy has collected the following reports of significant attacks from PDFs and the EAO. Some military casualties could not be independently verified.
Click here to read…

Myanmar Junta Takes Delivery of FTC-2000G Fighter Jets from China – The Irrawaddy

Myanmar’s military regime has taken delivery of six FTC-2000G fighter jets purchased from China, according to Myanmar-based observers monitoring the regime’s air force. The six fighter jets arrived in November and are currently being checked over at Meiktila airbase in Mandalay Region before their deployment to Namhsan airbase in southern Shan State, according to regime air force sources. The jets are likely to be used in the regime’s ongoing airstrikes against civilians and resistance forces fighting alongside ethnic armed groups across the country.
Click here to read…

Myanmar remains on US religious freedom blacklist – UCA news

Military-ruled Myanmar has been named among 12 countries by the United States that are of “particular concern” for religious freedom violations. Myanmar, formerly known as Burma, joined China, Pakistan, Russia, Saudi Arabia, Tajikistan, Turkmenistan, Cuba, Eritrea, Iran, Nicaragua and North Korea on Washington’s blacklist for having engaged in or tolerated particularly severe violations of religious freedom under the International Religious Freedom Act 1998, US Secretary of State Antony Blinken said in a statement on Dec. 2.
Click here to read…

India and Myanmar Junta Using Rakhine Truce to Finalize Trade Corridor – The Irrawaddy

New Delhi is using the informal truce between Myanmar’s military regime and the Arakan Army (AA) in Rakhine State to finalize its mega transport project linking the two countries. Indian Consul Jay Krishna met junta-appointed Rakhine State chief minister Dr. Aung Kyaw Min for talks on the India-backed Kaladan Multi Modal Transit Transport Project on Friday, just days after the ceasefire began. The transport project, which is considered crucial for New Delhi’s ambitious Act East Policy, has been delayed partly by the fighting between junta forces and the AA, an ethnic armed organization that operates in Rakhine and parts of Chin State along the border with India and Bangladesh.
Click here to read…

Nepal

Four ruling parties agree to continue partnership – The Kathmandu Post
With the count of first-past-the-post votes completed and that of the Proportional Representation ballots nearing end, the ruling coalition partners held their first meeting at Baluwatar and decided to continue with the existing five-party alliance led by the Nepali Congress.
Click here to read…

Embankment row highlights urgency of settling border issues with India – The Kathmandu Post

Earlier in the day, Nepalis and those on the Indian side had chanted slogans against each other and pelted stones. At the root of the dispute is the ongoing construction of the embankment. Earlier, there had been an agreement between Nepali and Indian officials whereby both sides would refrain from constructing embankments along the disputed parts of the river.
Click here to read…

NC stands first in PA seat tally, clinches 110 out of 330 seats – Khabarhub

Out of 330 PA members elected from seven provinces, and the major ruling NC has won 111 seats. The party has emerged the largest party in three provinces: Bagmati, Gandaki and Sudurpaschim while the main opposition CPN-UML is the largest party in the Province 1, Madhes province and Lumbini province. UML has won a total 91 seats.
Click here to read…

Nepal opens nighttime business to boost its ailing economy, tourism income – The Kathmandu Post

After almost a decade and a half, the Nepali authorities have adopted a “liberal policy” to allow nighttime businesses across the country to flourish, thereby giving a boost to economic activities. Economists say it’s a landmark decision because the local economy benefits a great deal from a vibrant nightlife. But the policy is still restrictive.
Click here to read…

Pakistan
PDM amenable to ‘unconditional’ talks with Imran: Dawn

The Pakistan Democratic Movement (PDM) on Monday expressed its willingness to engage former prime minister Imran Khan in a dialogue to break the prevailing political impasse, but said it wanted the Pakistan Tehreek-i-Insaf (PTI) to let go of its conditions.

Click here to read…

Pakistan concedes to China’s demand: The Express Tribune

Pakistan on Monday caved in to China’s demand for opening a revolving bank account that would partially save Chinese power plants from circular debt but it may cause concern among officials of the International Monetary Fund (IMF).

Click here to read…

President’s caution to Imran Khan about ‘red barrier’: The News

PTI chairman Imran Khan was reportedly cautioned after the change of command in the army by President Arif Alvi to strictly direct his leaders and social media team not to attack the new army chief and the military. PTI chairman Imran Khan was reportedly cautioned after the change of command in the army by President Arif Alvi to strictly direct his leaders and social media team not to attack the new army chief and the military. A PTI source while sharing a screenshot of the Whatsapp message conveyed to the party leadership and the social media team, claimed that President Alvi conveyed to Khan that the new military establishment respect of the institution is like a ‘red-barrier,’ which should not be crossed.

Click here to read…

Stalemate on 9th review: IMF to stay engaged with govt on targets: The News

The International Monetary Fund (IMF) will continue its dialogue and engagement with Pakistan on policies and reforms needed to keep bailout programme’s targets on track and to complete the pending ninth review, a Fund official said on Monday. An IMF review for the release of the next tranche under bailout funding has been pending since September, though Finance Minister Ishaq Dar’s last week said that Pakistan met all targets for the 9th review.

Click here to read…

Sri Lanka
Sri Lankan leaders’ commitment to economic revival through reforms highly appreciable, ADB Vice President – Daily News

Asian Development Bank (ADB) Vice President Shixen Chen said international monetary agencies are highly impressed with the strength of the Sri Lankan leadership and its commitment to achieve speedy economic revival through reforms in monetary sectors. He stated this when he called on Prime Minister Dinesh Gunawardena yesterday (5) at the Prime Minister’s Office in Colombo. He said the current visit is aimed at finalizing proposed ADB projects for next year and assured ADB’s support for the country’s development and its efforts to overcome economic and fiscal challenges.
Click here to read…

President says no plans for reforms; stresses need for new economic model – Daily Mirror

“What is the plan for reform? Frankly, I have no plan for it. What reforms when we don’t have an economy,” Wickremesinghe told the inaugural session of Sri Lanka Economic Summit 2022, themed ‘Resetting from turmoil to opportunity’. The annual event, which was kicked off yesterday, is organise by the country’s premier business chamber, the Ceylon Chamber of Commerce. “The government will not have plans for reform. What we want to do is to build a new economy. But is the private sector ready for it? Can you handle the pain,” Wickremesinghe asked the business leaders present in the audience, who appeared shocked for a moment.
Click here to read…

Australian High Commissioner visits Hambantota Int’l Port – Daily News

As part of their visit to the Hambantota International Port (HIP) last week Australian High Commissioner Paul Stephens and his entourage learned about the activities and operations of the port. The High Commissioner who was visiting the South of Sri Lanka for the first time, showed special interest in the port’s ongoing business and the value addition HIP brings to the table, which would be a winning factor for possible collaboration in future. The entourage toured the port following the discussion.
Click here to read…

VIF Neighbourhood News Digest – November 22, 2022

Afghanistan
Acting Min. Muttaqi Meets with Norwegian Charge d’Affaires: Tolo News

The Islamic Emirate’s acting foreign minister, Amir Khan Muttaqi, met with Norway’s chargé d’affaires in Afghanistan to discuss political and humanitarian cooperation. Amir Khan Muttaqi said during the meeting that attempting to leverage Afghanistan is useless and that the international community should instead choose the path of engagement. Click here to read…

Kabul Province Students Complain of Lack of Buildings, Teachers: Tolo News

Students complain of a lack of buildings and of teachers in the Khaki Jabbar District of Kabul. They said that the cold weather has made it difficult for them to continue their education and that they lack a proper space to study. “We ask them to build structures for us, because even when it rains we sit here,” said Hasib, a student. “The shop was cold, we came out and here the ground is wet, we ask them to build buildings for us, it’s cold here, we can’t study, we all get sick here,” said Mohammad, another student. Click here to read…

Yesterday’s Military Men, Today’s Coal Mining Workers; Mine Collapse Kills 2 Miners: The Khaama Press

Two military men of the fallen Afghan government, who worked at a coal mine in the northern province of Afghanistan after the Taliban’s takeover of the country, died after the mine collapsed, local sources said. Click here to read…

Events in motion to have new chief within the week: Dawn

Prime Minister Shehbaz Sharif on Monday sought a defence ministry summary for the appointment of the new army chief, along with the service dossiers of all prospective candidates, as the government seems set to name outgoing Chief of Army Staff Gen Qamar Javed Bajwa’s successor by Friday. Click here to read…

Bangladesh
New Indian envoy calls on Momen – Dhaka Tribune

Newly appointed Indian high commissioner in Dhaka Praney K Verma yesterday made his maiden call on foreign minister Dr. AK Abdul Momen at the foreign ministry. Both considers India as the closest and the most important neighbor and termed the relations as “Solid and Unique one”. Momen stressed on Bangladesh as a “Regional Connectivity Hub” and India being the closest neighbor can reap the benefits of the connectivity outlook. He also referred to Indo-Pacific region, stressing upon the need for international rules and norms based free and fair connectivity amongst the countries of the region. Whereas the Indian envoy stressed upon the India’s Presidency of G20 and Bangladesh’s active participation to promote issues of mutual interest in the global discourseClick here to read…

21st century is Asia-Pacific century – New Age

THE US empire is going to face competition in the Asia-Pacific. Years ago, the empire could not have imagined it. The competition will be tougher. To the empire, the Asia-Pacific region was its own yard, a self-sphere for maneuvering, forward positioning to counter the then-Soviet Union and China, dominance, and resource and labor exploitation. All the economic potentialities of the region were within easy reach of the empire. That was the reality, and the empire imagined that this reality would perpetuate. Click here to read…

A red alert indeed – The Daily Star

We are shocked to learn that two militants escaped police custody from the Dhaka court premises on Sunday. Reportedly, four cops were escorting the two death-row convicts along with ten other militants to the prison cell when unidentified individuals attacked a constable, and snatched the two. Both were members of the banned militant outfit Ansar Al Islam, and convicted in the murder cases of slain publisher Faisal Arefin Dipan and blogger Avijit Roy. Such dangerous criminals being on the loose, amid suspicions of a resurgence in militant activities fueled by mysterious disappearances of young men in recent months, is indeed concerning. Click here to read…

Bhutan
Govt. recommends loan rescheduling to resolve NPLs – Kuensel Online

The government has recommended rescheduling the loan repayment period to the Royal Monetary Authority (RMA) to resolve non-performing loans (NPL), Finance Minister Namgay Tshering said. Suppose the loan repayment period is extended from 10 to 20 years, it could benefit both the lenders and the borrowers, he said when quizzed by the Nanong-Shumar MP Lungten Namgyel on NPLs in the National Assembly on November 18. Click here to read…

Maldives
Maldives-Mauritius boundary dispute; the unspoken – Edition

For years Maldives has maintained its position regarding the boundary conflict it has with neighboring Mauritius, claiming the former’s decision to vote against the 2019 International Court of Justice (ICJ) advisory opinion has never been about supporting colonizers to maintain their colonial control – but rather it was always tied to the fears over Maldives possibly having to relinquish territorial control from part of its border, specifically by the disputed line. Click here to read…

Structural Issues Plague the Fight Against Terrorism in the Maldives – European Eye on Radicalisation

Known for being a popular tourist destination, the Maldives is facing a lesser-known challenge of extremism. It has more than 1,400 extremists residing within the country and is also holds the world’s highest record for foreign terrorist fighters per-capita. With the growing awareness of this challenge, the Maldives has undertaken various institutional, technical, and legal initiatives in recent years to tackle the problem. However, its reforms weigh thin against its broader domestic structural challenges that fuel extremism. Prevalent political, economic and social conditions, directly and indirectly, contribute to the country’s extremist challenges and even fuel them further. Click here to read…

Myanmar
India’s foreign secretary visits Myanmar, discusses border management – Business Standard

India’s Foreign Secretary Vinay Mohan Kwatra on Monday concluded a two-day visit to Myanmar during which he discussed issues relating to border management and security. Kwatra’s visit came amid escalating violence between ethnic armed organisations and the Myanmar army that could have some impact on the border regions in India’s northeastern states. Click here to read…

Russia, Myanmar Only States to Use Landmines in 2022, Report Says – VOA

Russia and Myanmar are the only two countries to have used antipersonnel mines this year, according to the latest annual report from the International Campaign to Ban Landmines (ICBL). Neither country is among the 164 states that are party to the 1997 Mine Ban Treaty. Click here to read…

Myanmar crisis: Rights expert urges Korea to play ‘enhanced leadership role’ – UN News

Concluding a six-day official visit to the Republic of Korea (ROK), a UN-appointed independent human rights expert urged the country to help reverse the international community’s failure to address the crisis in Myanmar by taking the regional lead in ending violence against civilians there. “The Republic of Korea can play a vital leadership role in denying the Myanmar junta the means to continue holding 54 million people hostage while becoming a leader in providing humanitarian support to those in desperate need’’, said Tom Andrews, UN Special Rapporteur on the situation of human rights in Myanmar, in a statement on Monday. Click here to read…

Nepal
Nepal poll results signal upset – Nepali Times

While early results show that the rivalry between the Nepali Congress (NC) and CPN-UML that dates back 30 years is still as fierce as ever, Nepal’s politics may be seeing the dawn of a new era. The reason for this appears to be mainly that many supporters of the NC and Maoist-Centre voted for independents or rebel candidates, rejecting the alliance of convenience between the right and left-wing parties. Although the UML is also losing a lot of votes to new and independent candidates, the opposition UML appears to have been able to better ride out the storm. Click here to read…

Rastriya Swatantra Party emerges as third largest in initial PR votes count – My Republica

The newly-formed Rastriya Swatantra Party (RSP)-led by Ravi Lamichhane has stood third in the Proportional Representation (PR) electoral system in the initial vote counting. According to the EC data, the ruling Nepali Congress (NC) has secured 7,881 votes and the CPN-UML 6,486 votes under the PR electoral system. CPN (Maoist Center) is trailing behind the RSP with a total of 2464 votes followed by RPP with a total 1813 votes so far. Click here to read…

Could the rise of Rastriya Swatantra Party boost anti-federal forces? – The Kathmandu Post

The newly formed Rastriya Swatantra Party, which is doing rather well in the federal elections based on votes secured in the early stages of vote-counting, didn’t field candidates in provincial elections. Lamichhane is not the only next-generation leader with reservations over the current provincial setup. Balen Shah, mayor of the Kathmandu Metropolitan City, was also seen avoiding casting votes for provincial candidates. After Shah cast his vote in federal elections, the police personnel present at the polling booth appeared to have asked him to also vote for provincial assembly candidates. He ignored the call. Click here to read…

Pakistan
Pak-Afghan border reopens after a week: Dawn

Pakistan on Monday reopened its border with Afghanistan at Chaman, which remained closed for a week hampering trade between the two neighbouring countries as well as the movement of people through the Friendship Gate. Click here to read…

Pakistan’s default risk worsens: The Express Tribune

The perception of Pakistan’s risk of default has worsened with the five-year credit default swap (CDS) surging by 30 percentage points in a week to 93% on Monday ahead of the repayment of $1 billion for a maturing international bond early next month. Click here to read…

Inquiry into Bajwa family tax record leak ordered: The Express Tribune

Finance Minister Ishaq Dar has taken serious notice of the illegal and unwarranted leakage of tax information of the family members of General Qamar Javed Bajwa, Chief of Army Staff (COAS), according to a statement issued by the Ministry of Finance on Monday. Click here to read…

Sri Lanka
Govt’s intention to resume negotiations on FTAs – Secretary to the President – Daily News

The Government’s intention was to resume negotiations on Free Trade Agreements (FTAs), said Secretary to the President Saman Ekanayake. It is the vision of the President that Sri Lanka will integrate with the global value chains and with the largest economies in South Asia and East Asia and then expand to the eastern region linking to the Regional Comprehensive Economic Partnership (RCEP). Further, the Secretary to the President invited private sector stakeholders to creatively engage in this development initiative as they are the ultimate beneficiaries.He made these observations during an awareness session on the resumption of negotiations of Free Trade Agreements held for Trade Chambers and Industry Advisory Committees at the Finance Ministry in November (16). Click here to read…

ADB to help set up University on Climate Change – Daily News

The Commonwealth and the Asian Development Bank (ADB) have come forward to help Sri Lanka to set up a University on Climate Change, Senior Advisor to the President and United National Party (UNP) Deputy Leader Ruwan Wijewardene said.He said that the above was agreed during the meetings held on the sidelines of the COP 27 in Egypt. He pointed out that a number of countries, including the United States, the United Kingdom, Japan and Korea are willing to help Sri Lanka to face the impacts of climate change, adding that the Government intends to discuss with them in the near future. Click here to read…

President assures his support to expand Scout Movement – Daily News

President Ranil Wickremesinghe assured to provide the necessary assistance to expand the Scouting Movement by increasing its membership to 200,000 covering all nine provinces by 2024. The President also mentioned that he would seek the support of the Ministry of Education and the Ministry of Youth Affairs for this purpose. The Sri Lanka Scout Association officially conferred the title of Chief Scout and Patronus to President Ranil Wickremesinghe yesterday morning (21) at the President’s Office, where he made these comments. Click here to read…