Afghanistan

Restrictions on Banking System an Obstacle for Investors: ACCI: Tolo News

The business community said that restrictions on the banking system in Afghanistan have challenged investors, leaving them with many problems in their businesses. According to the Afghanistan Chamber of Commerce and Investment (ACCI), withdrawals for investors have been restricted to the purchase of food and basic materials required for running their businesses. Withdrawals for decoration of offices, clothes, and other relevant materials are not processed, said ACCI officials. Click here to read…

Pakistan Delegation to Visit Afghanistan This Week: Tolo News

A delegation from Pakistan comprised of religious scholars and tribal elders is visiting Afghanistan this week, local officials in the Chaman area in Pakistan confirmed to TOLOnews. The visit is expected to discuss recent tensions raised between the Islamic Emirate and Pakistani forces along the Durand Line, according to some members of the delegation. “We are going to Afghanistan. Those in Afghanistan are our brothers. The same are the governor and other leaders. We talk to them because the (Spin Boldak-Chaman) crossing is closed often due to clashes,” said Sardar Barat, a member of the delegation.Click here to read…

UN Security Council Holds a Session on Afghanistan: The Khaama Press

The UN Security Council held a session on Afghanistan today emphasizing the way forward through a more pluralistic polity, where all Afghans, especially women and minorities, could see themselves represented. In a briefing to the United Nation’s Security Council earlier today, the Head of the United Nations Assistance Mission in Afghanistan (UNAMA) Roza Otunbayeva said the only war forward for Afghanistan is to form an inclusive government where everyone, particularly women and minorities could seem themselves represented. Click here to read…

Bangladesh

Dhaka for increasing capacity of land ports on India-Bangladesh border – Dhaka Tribune

Commerce Minister Tipu Munshi on Tuesday called for increasing the capacities of the land ports on the India-Bangladesh border. “India is a close friend and a major trading partner of Bangladesh. There is a huge demand for Bangladeshi products in the Indian market. Bangladesh is now able to export international quality products at relatively low prices. For this reason, it is necessary to increase the capacities of the land ports on the India-Bangladesh border,” he said. Click here to read…

Dhaka considering pros, cons of Indo-Pacific Economic Framework – Dhaka Tribune

Foreign Minister Dr AK Abdul Momen on Tuesday said Bangladesh is looking into the “pros and cons” of the Indo-Pacific Economic Framework (IPEF) to determine if Bangladesh will benefit from joining it. “Recently, there has been debate about the Quad and Indo-Pacific Economic (Framework). To understand the issue, we have requested BIISS to look into it. I am thankful to them. They have submitted one report on it,” Momen saidClick here to read…

Iranian Deputy FM Ali Bagheri due Thursday – Dhaka Tribune

Deputy Foreign Minister for Political Affairs of Iran Ali Bagheri Kani is scheduled to arrive here on Thursday morning to discuss bilateral and other issues of mutual interest with Bangladesh. In November, the Iranian said Foreign Office Consultation and meeting of Joint Economic Commission should be held at mutually convenient time to further strengthen relations in the field of trade, investment, economy, energy, chemical fertilizer and food security. Click here to read…

Bhutan

Import bill to hit over Nu 100B this year – Kuensel online

If the country imported Nu 30 billion (B) worth of goods in the last three months this year, the import bill would hit over Nu 120B. The total import bill at Nu 93.03B as of September this year already surpassed one-year’s import of Nu 90.23B in 2021. About 70 percent was imported from India. The value of exports, including electricity, stood at Nu 44.9B. Click here to read…

Maldives

India & Maldives hold 6th Joint Staff Talks in New Delhi – News On Air

The 6th Joint Staff Talks between India and the Maldives were held in New Delhi yesterday, December 20. The meeting was conducted in a friendly, warm and extremely cordial atmosphere. Discussions focused on the ongoing and new initiatives under the ambit of the existing bilateral defence cooperation mechanism of all three services and further strengthening the engagements. Click here to read…

Maldives Completes IMF Consultation for 2022 – Mirage News

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Maldives. Maldives’ economic activity rebounded strongly from the pandemic-induced contraction, supported by the authorities’ decisive policy measures. Real GDP growth recovered sharply to 37 percent in 2021 from the unprecedented contraction of 33.5 percent in 2020, as tourism activities bounced back. Inflation has risen but is contained due to price subsidies. Click here to read…

Myanmar

Two New Potential Game-Changers in Myanmar’s Crisis – The Irrawaddy

The bill recently passed by the US Congress, known broadly as the 2022 Burma Act, which allows the US government to provide technical support and non-military assistance to engage with groups opposing the military junta in Naypyitaw, combined with the arrival of incoming ASEAN chair Indonesia, could be a game-changer for the Myanmar crisis, which is soon to enter its third year. Click here to read…

Trial of Myanmar’s Suu Kyi enters final phase – Thai PBS World

A junta court will hear the final arguments in the 18-month-long trial of Myanmar’s Aung San Suu Kyi next week, a legal source said Tuesday, before reaching its final verdicts against the Nobel laureate. Suu Kyi has been a prisoner since the military toppled her government in February 2021, ending the Southeast Asian nation’s brief period of democracy. Click here to read…

IFC Divests from Yoma Bank After Myanmar Military Links Exposed – The Irrawaddy

The International Finance Corporation (IFC), a member of the World Bank Group, has divested from Yoma Bank after its business with military companies was exposed, according to activist group Justice For Myanmar (JFM). Divestment by the IFC, the largest global development institution focused on the private sector in developing countries, came after JFM revealed Yoma Bank’s dealings with the military and its conglomerates. Click here to read…

Nepal

Gagan Thapa lone challenger to Sher Bahadur Deuba – The Himalayan

Nepali Congress General Secretary Gagan Thapa, who is from the Shekhar Koirala faction of the party, became the only opponent to NC President Sher Bahadur Deuba in the contest for the parliamentary party leader. The NC will elect its parliamentary party leader tomorrow. Of the seven national political parties, the NC is the only party that will have to hold election to choose its parliamentary party leader. Other parties decided on their PP leader unanimously. Click here to read…

Nepal blacklists 16 Indian pharma cos – The Tribune

Nepal’s drug regulatory authority has blacklisted 16 Indian pharmaceutical companies, including Divya Pharmacy which manufactures yoga guru Ramdev’s Patanjali products, stating that they failed to comply with the World Health Organisation’s (WHO) drug-manufacturing standards. In April and July this year, the department sent a team of drug inspectors to India to inspect the manufacturing facilities of pharmaceutical companies that had applied to supply their products to Nepal. Click here to read…

Nepal makes over Rs11 billion selling power to India – The Kathmandu Post

Nepal earned over Rs11 billion by selling excess power to India from early June to this week, the Nepal Electricity Authority said on Monday. The high income suggests electricity has emerged as a major export item. In early November last year, India had for the first time allowed Nepal to sell electricity in the Indian market via a competitive bidding process. But after exporting for a few weeks, Nepal stopped selling power to India in December amid reduction in power generation in the dry season. Exports resumed this year with the start of monsoon in early June. Click here to read…

Pakistan

Punjab on the brink of another constitutional crisis: Dawn

Punjab Assembly Speaker Sibtain Khan on Tuesday termed “illegal, against the provisions of the Constitution and thus stand disposed of” the Punjab governor’s orders directing Chief Minister Parvez Elahi to seek a vote of confidence in a special assembly session to show he still commands a majority. In his two-page ruling, the speaker maintained that the governor’s orders were not in accordance with Article 54(3) and Article 127. “The house is in session since Oct 23, 2022, and under Article 54(3) and 127. No fresh session can be convened unless and until the current one ends,” the order read. Click here to read…

Editorial: An audacious attack: Dawn

WE are witnessing the rapid unravelling of Pakistan’s anti-terrorism policy, and can expect an escalating human and material cost. On Sunday, in their most audacious attack yet since late November when they called off their tenuous ceasefire with the government, 33 TTP militants detained inside the Bannu Counter-Terrorism Department centre managed to overpower their interrogators and take a number of law-enforcement personnel hostage. Click here to read…

Pakistan identifies $8.2b flood funding gap: The Express Tribune

The $8.2 billion gap appeared too large to be filled in the Geneva conference amid low response to the UN’s $816 million emergency appeal, high risks of Pakistan’s sovereign default, and possible derailment of the International Monetary Fund (IMF) programme because of imprudent economic policies. The planning ministry has finalised the resilient, recovery, rehabilitation and reconstruction framework, dubbed as 4RF, showing a financing gap of $8.2 billion. The framework has been developed with the help of the Asian Development Bank, European Union, UN Development Programme, and World Bank Group. Click here to read…

‘Pakistan in a fix on Afghan strategy’: The Express Tribune

Background discussions with the people dealing with the matter told The Express Tribune that despite apparent friction in ties with Kabul, Pakistan has no option but to seek engagement with the Afghan Taliban regime. The incidents of the last few weeks have put Pakistan’s relationship with the Afghan Taliban in jeopardy. Islamabad was already upset over Kabul’s failure to tackle the outlawed Tehreek-e-Taliban Pakistan (TTP) and the border clashes in Chaman further deepened the crisis. Click here to read…

IMF asks for passing on Rs65bn burden to power consumers: The News

The International Monetary Fund (IMF) has asked Pakistan to pass on Rs65 billion to consumers of electricity which has been deferred in the shape of Fuel Price Adjustments (FPA) during the peak of last summer season. Out of the total outstanding amount of Rs65 billion on account of deferment of FPA in the electricity bills in the current fiscal year, the government has agreed with the IMF that Rs 55billion would be passed on to consumers and that would be recovered through bills. The remaining Rs10 billion would be absorbed through allocation of subsidy amount. Click here to read…

Sri Lanka

Unity between Indian Ocean, Asian and African countries vital to face global problems: President – Daily News

President Ranil Wickremesinghe said that in order to face the global problems that may arise in the future, there should be unity between the Indian Ocean as well as Asian and African countries. The President said that since the impact of the Ukraine-Russia war may be felt in the future, the country should also work towards self-sufficiency by establishing food security. Click here to read…

9 Sri Lankans arrested in Tamil Nadu for attempt to revive LTTE: NIA – Hindustan Times

NIA has registered at least four cases since last year to probe conspiracy by several LTTE cadres based in India and Sri Lanka to revive the activities of the banned outfit by indulging in arms smuggling, ferrying of drugs and using hawala for transfer of funds. Click here to read…

China’s promised rice donation delivered – Daily News

The Chinese Embassy in Colombo yesterday said that one million kilograms (10,000 metric tonnes) of rice donation promised by China have all been delivered to Sri Lanka with the last 1,000 MT reaching Colombo on Monday. The Embassy said that the donation of this rice stock will help support nutrition and studies of over one million students in 7,900 schools across the country. Click here to read…

Afghanistan

Afghanistan Discussed by Tajik President Rahman, France’s Macron: Tolo News

The Presidents of Tajikistan and France in a phone conversation discussed the political, social and economic situation in Afghanistan, the office of Tajikistan’s President, Imam Ali Rahman, said in a statement. Click here to read…

Bangladesh

No alliance with BNP – Dhaka Tribune

Amid the speculation that Jatiya Party chairman GM Quader might form an alliance with BNP, the party’s chief patron and opposition leader Raushan Ershad yesterday unequivocally said there is no question of forming an electoral alliance with BNP. About allying with BNP ahead of the next national polls, Raushan mentioned that Jatiya Party has suffered a lot under BNP. “We have seen corruption, mismanagement and inefficiency of ‘Hawa Bhavan’ during BNP’s rule,” she addedClick here to read…

Come together: Is diplomacy the solution to strengthen ties between Myanmar and Bangladesh? – Dhaka Tribune

The 8th Border Conference between Border Guard Bangladesh (BGB) and Myanmar Border Guard Police (BGP) has started. The conference, which started on Thursday, November 24, 2022 in Myanmar’s capital Nay Pyi Taw, will continue for five days. The conference includes several points of discussion like such as de-escalation of the tense situation on the border caused by the recent internal conflict in Myanmar, violation of airspace, combating inter-state terrorism, preventing the activities of cross-border criminal gangs, prevention of illegal infiltration among othersClick here to read…

‘SAARC may seem dead, but we should not bury it quite yet’ – Dhaka Tribune

While the South Asian Association for Regional Cooperation (SAARC) appears moribund, it remains an indispensable and irreplaceable regional grouping, in whose revival and revitalization Bangladesh has a serious stake and must take the lead in, speakers at a round-table discussion have said. The speakers were deliberating at a round-table discussion entitled: “SAARC Is Dead, Long Live SAARC: Reviving South Asian Regionalism” convened by leading English daily Dhaka Tribune and the think tank Bangladesh Institute of Peace & Security Studies (BIPSS) at a Dhaka hotel on Sunday, as part of a series of seminars on the major issues on the global stage and how Bangladesh should situate itself in the geo-politics of the world today. Click here to read…

Bhutan

India-Bhutan Satellite Testament To Our Special Relationship: PM Modi – NDTV news

The PSLV C54 carried the India-Bhutan SAT, along with India’s Earth Observation Satellite -06 and other satellites from the Satish Dhawan Space Centre from Sriharikota, Andhra Pradesh, read the Ministry of External Affairs press release. Prime Minister Narendra Modi on Saturday commended the Department of Information Technology and Telecom (DITT) Bhutan and ISRO on the successful launch of the jointly developed satellite by both countries. Click here to read…

Eight-member committee reviewing PI barrage option – Kuensel Online

A committee of eight experts from Bhutan and India will review the proposal to build a barrage to replace the dam at the 1,200MW Punatsangchhu Hydroelectric Project (PI) and present their recommendation to the governments by the end of January next year. The committee consists of four members from either country. Kuensel learnt that Bhutanese officials presented the construction of a barrage as feasible instead of a dam. Click here to read…

Bhutan to explore sovereign green bonds as alternative financing – Kuensel Online

With the increasing need for financing climate mitigation and adaptation activities, Bhutan will be developing a framework for sovereign green bonds. A sovereign green bond is a debt instrument issued by the government to borrow money from investors with the commitment that the mobilised fund would be spent to finance eligible green projects. This will help close the green investment gap and help countries reach their sustainability targets. Click here to read…

Japan Foreign Minister visit ends – Kuensel Online

State Minister for Foreign Affairs of Japan, TAKEI Shunsuke left Bhutan yesterday after a three-day visit from November 21 to 23. SUZUKI Hiroshi and Tshoki Choden, Director, Department of Bilateral Affairs, Ministry of Foreign Affairs signed the Exchange of Notes for Grant Aid “The Project for Strengthening Health Care Services in Eastern Area”. Through this Project worth 535,000,000 Yen, the Government of Japan will provide medical equipment necessary for health care services for mothers and children to health facilities in six eastern districts. Click here to read…

Maldives

Australia, Maldives officials did not attend China’s Indian Ocean meet – The Hindu

Australia and Maldives said on Sunday they did not participate in the recently held Indian Ocean Region Forum convened by China, which the organisers had claimed brought together representatives from 19 countries in the region, except for India. Both countries clarified there was no official representation at the China-backed forum. According to a statement from the organisers, the China International Development Cooperation Agency (CIDCA) which is Beijing’s new development aid agency, the forum in Kunming had brought together “high-level representatives” from 19 countries, including Indonesia, Pakistan, Myanmar, Sri Lanka, Bangladesh, Maldives, Nepal, Afghanistan, Iran, Oman, South Africa, Kenya, Mozambique, Tanzania, Seychelles, Madagascar, Mauritius, Djibouti, and Australia. No representative from India was invited. Click here to read…

Myanmar

How far the ASEAN Summit will bring changes to Myanmar crisis? – The Kashmiri Images

The 40th and 41st ASEAN summits, as well as related summits, were held in Phnom Penh, Cambodia, from November 8 to 13, 2022. Myanmar’s crisis hits the top of the agenda. Myanmar’s chair sat empty at November 11’s meeting. The move is a bold decision for the ASEAN to exclude the Myanmar Junta from attending the summit. Myanmar politics is turbulent with the clash between democracy, civil war and military rule. Though a dim of hope was aroused in 2011 with the landslide victory of the NLD government, however, the hope was eventually shattered with the military coup in February 2021. Click here to read…

Tourist arrivals in Myanmar double in seven months – The Star

The number of tourists visiting Myanmar during the first seven months of the 2022-23 fiscal year (April 2022-March 2023) jumped by 99.48 percent year-on-year, data from the Ministry of Hotels and Tourism showed Saturday. A total of 144,112 foreign visitors arrived in the Southeast Asian country from April to October this year, up from 72,243 in the same period last year, the data showed. Myanmar resumed the operation of international commercial flights in April this year, and the number of tourists visiting the country has gradually increased. Click here to read…

German government training Myanmar junta soldiers in possible EU sanctions breach – Mizzima

According to campaign group Justice for Myanmar the German government is funding the training of Myanmar military junta personnel in a potential violation of EU sanctions. The German Federal Foreign Office is supplying training through Max Planck Foundation for International Peace and the Rule of Law project for the promotion of maritime peace and security in Southeast Asia. Justice For Myanmar has called on the German government and the Max Planck Foundation to immediately exclude the junta from remaining activities in the project and all other programs, meetings and events. Click here to read…

Nepal

Vote count: NC continues to lead; UML following – Khabarhub

The results of 157 seats out of 165 of the House of Representatives (HoR) under the First-Past-The-Post (FPTP) have come out in which Nepali Congress (NC) continues to lead. As per the latest vote count update and the final result, Nepali Congress has obtained 53 seats, and CPN-UML is trailing with 42 followed by CPN (Maoist Centre) with 17 seats. Similarly, CPN (Unified Socialist) got 10 seats while Rastriya Swatantra Party and Rastriya Prajatantra Party got seven seats each. Click here to read…

Rs 37 billion pledged under foreign loans, grants not received – Khabarhub

The government is short of almost Rs 37 billion which has been allocated for the projects and programs in the country’s annual budget, and is to be doled out by receiving foreign loans and grants. In a report submitted to the Ministry of Finance by the Finance Comptroller General Office last week, the government is to receive more than 36.9 billion rupees from the donor agencies. Of the total, Rs 15.27 billion is under the foreign grants and Rs 21.62 billion under the foreign loans. Click here to read…

Controlling fiduciary risks in public finance – The Kathmandu Post

Nepal has pursued the course of federalism with three tiers of government, resulting in horizontal and vertical expansion of 5,758 spending units across the country. With the distribution of power of the purse, the incidences of fiduciary risks have also increased, which are manifested in the growing size of arrears recorded by the Office of Audit General each year and the number of corruption cases filed by the Commission for the Investigation of Abuse of Authority. Click here to read…

Slump in power use sign of economic woes – The Kathmandu Post

Factories are running below capacity, businesses are down for the lack of loans. On Friday afternoon, the NEA reported the domestic peak demand of 1,396 megawatts of electricity. Officials at the NEA say despite a decrease in temperature, the power demand is not growing as expected, unlike in the past years. The demand from the industrial sector has slumped sharply at a time when the state-owned power utility is increasing high-voltage power connections to industrial units. Click here to read…

Pakistan

Swati held again for tweets against military high-ups: The Express Tribune

PTI Senator Azam Swati on Sunday morning was taken into custody for the second time after a raid at his farmhouse in Chak Shahzad by the Federal Investigation Agency’s (FIA) Cyber Crime Wing Islamabad for allegedly tweeting against senior military officials. Click here to read…

Battle for Punjab, KP Assemblies heats up: The News

The Pakistan Muslim League Nawaz has called a parliamentary party meeting on Monday (today) to finalise a strategy to counter an expected move by the Pakistan Tehreek-i-Insaf to dissolve the Punjab Assembly. Click here to read…

Sri Lanka

Foreign Ministry to expand consular services – Daily News

The Foreign Affairs Ministry is focusing on decentralizing consular services of the Ministry to provide an efficient service to the public. Accordingly, in addition to the existing regional offices, it is planned to further decentralize the service to main cities and it will be implemented according to the 2023 action plan, Director General of the Consular Division of the Foreign Affairs Ministry Prikayangika Wijayagunasekara said. She pointed out that in 2023, plans will be implemented with the aim of making the consular service of the Ministry into a more public friendly service. She stated this while participating in a special discussion organized by the Mass Media Ministry to inform the media about the operational plans of each ministry in 2023. Click here to read…

Free diesel for farmers, fishermen from China arrives – Daily News

Chinese Ambassador Qi Zhenhong boarded the oil tanker “Super Eastern” and handed over the 10.6 million litres of diesel, a donation to Sri Lankan farmers and fishermen through related ministries. Distribution will start soon under a mutually agreed modality. The 10.6 million liters of diesel donation by China will be provided free to 232,749 farmers for harvesting 342,266 hectares paddy fields across in Maha Season 2022/23 (20L/hectare) Click here to read…

Neutrality over World Power Struggle – Daily News

Explaining our neutrality stance, Prime Minister Dinesh Gunawardena noted as he addressed the Convocation of Bandaranaike International Diplomatic Training Institute (BIDTI) on October 28, 2022, “It is merely a detached neutrality in regional or international power games.” Obviously we wish to stay out of the developing power struggle for dominance between world powers. We fear the brutality of the West to side with China and we simply cannot afford to lose China. Hence, our strategy is to stay out of the fight altogether. As President Ranil Wickremesinghe observed whilst commenting on the conflict between Russian and West supported Ukraine, when elephants fight, it is the grass that gets trampled. Clearly we do not want to be the grass and are adapting the neutrality stance to keep the war (if it comes to that) and any other form of conflict out of our turf. Click here to read…