The Asian Development Bank (ADB) has extended a $ 200 million loan to support Sri Lanka’s Post-Cyclone Ditwah Reconstruction and Livelihoods Support Project, covering rehabilitation, reconstruction …
EBRD extends $75mn trade finance line to Iraq’s Al Mansour Bank for Investment
The EBRD is providing a trade finance limit of up to $75mn to Al Mansour Bank for Investment, one of Iraq’s leading private-sector lenders, to expand cross-border financing for Iraqi businesses. The …
Beyond tax collection: Can Sri Lanka use tax policy to build a solar-powered economy?
Sri Lanka’s economic crisis has taught us an important lesson: foreign exchange is not merely a monetary statistic; it is a national economic resource. ..
Macao’s high-quality development course set: China Daily editorial
As Macao SAR Chief Executive Sam Hou-fai stressed, the plan is aligned with the national five-year plan for this period while taking into account Macao’s own realities. By strengthening integration …
Armenia orders its banks to block payments that dodge Russia sanctions
By Ben Aris in Berlin Armenian banks must now identify and freeze payments designed to slip past Western sanctions on Russia, under central bank rules that took effect on August 12. The requirements …
How New Kuwait And Indonesia Tech Deals At Baker Hughes (BKR) Have Changed Its Investment Story
Baker Hughes recently announced that it secured a multi-year technology collaboration with Kuwait Oil Company and a substantial subsea systems contract for Indonesia’s Kutei Northern Hub, including 17 …
Singapore-Vietnam Pilot Tests Digital Credentials to Speed Up Letter of Credit Checks
Singapore-Vietnam firms will test digital credentials for letter-of-credit verification, aiming to reduce manual checks in cross-border trade finance.
UAE launches AI-focused finance leadership programmes
The UAE Ministry of Finance has partnered with DIFC Academy to launch two specialised programmes aimed at developing the next generation of financial leaders and advisers across federal entities.The n …
Vietnam vehicle market falls 5% in July – VAMA
The data do not include strong sales by local BEV maker VinFast.
South Korea’s household debt surpasses 2,000 trillion won
South Korea’s household debt is estimated to have surpassed 2,000 trillion Korean won for the first time ever. This surge is attributed to steady growth in mortgage loans driven by rising home prices …