Suffocating under a mountain of debt to China, communist Laos is struggling to tame rampant inflation, with food prices rising so sharply that a growing number of households are resorting to foraging.
Visitors from ten countries, regions in Southeast Asia and Europe can scan and pay in Nepal
The service launch was announced on November 6 at the global premier financial services platform, Singapore Fintech Festival 2024.
China should not wait to stimulate its economy
What will China do to respond to inadequate demand, an ailing property market and persistent deflation? It is, apparently, too early to say. The legislators did unveil a plan to refinance the implicit …
World Bank Report Urges Armenia to Prioritize Climate Action for Energy Security
Armenia is particularly vulnerable to climate-driven risks like floods, droughts, and landslides, which are expected to escalate without intervention.
India’s Growing Defence Exports: Akash Missile System for Armenia and Beyond
India exports the indigenous Akash Air Defence Missile system, marking a major step in its “Make for the World” initiative and global defence ambitions.
Trafigura warns of potential $1.1 billion hit from fraud in Mongolia
Global commodity trader Trafigura expects to set aside a $1.1 billion provision against misconduct by individuals in its Mongolian petroleum products supply business after an internal review, it said …
Trafigura Expects to Take $1.1-Billion Hit From Misconduct in Mongolia Business
Trafigura, a Geneva-based commodity trading house, said it will likely lose $1.1 billion due to misconduct in its Mongolia petroleum … to restate last year’s financial statements.
Made for Mongolia
Italo Calvino, Invisible Cities The Oyu Tolgoi copper mine, the largest financial project in the history of Mongolia, has just begun producing minerals. It is expected to generate nearly 80 billion …
The Mongolia-US Strategic Partnership Under the Biden Administration
Throughout history, changes in U.S. administrations have shaped Mongolia-U.S. bilateral relations and economic activities. How had Biden’s term impacted the relationship?
Commodity giant Trafigura faces $1.46 billion hit after Mongolia fraud probe
and the Mongolia loss will add more pressure to earnings that were already in retreat due to lower market volatility. Trafigura is preparing to record the US$1.1 billion provision when it reports …