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Posted on February 18, 2025

China condemns Trump’s ‘tariff shocks’ at WTO, warns of possible recession

China condemned tariffs launched or threatened by U.S. President Donald Trump at a World Trade Organization meeting on Tuesday, warning that such "tariff shocks" threaten to upend the global trading ...

Posted on February 18, 2025

Sri Lanka’s budget likely to lead to slower fiscal consolidation, Moody’s says

Sri Lanka's budgeted expenditure for 2025 will likely lead to a wider fiscal deficit and slower-than-expected fiscal consolidation, Moody's Ratings said on Tuesday, a day after the island nation ...

Posted on February 18, 2025

Sri Lanka trade body praises 2025 budget

The Ceylon Chamber of Commerce has commended Sri Lanka's 2025 Budget for maintaining policy consistency by retaining the existing tax framework and avoiding ad-hoc tax measures to match the ...

Posted on February 18, 2025

US halts multi-million MCC pact aimed to bolster road, transmission capacity in Nepal

The US has halted the multi-million US Dollar Millennium Challenge Corporation (MCC) pact aiming to bolster the road and transmission capacity of the Himalayan nation, the Nepalese Finance Ministry ...

Posted on February 18, 2025

North Korea denounces ‘absurd’ denuclearisation pledge by US and allies

North Korea's foreign ministry said on Tuesday that it will keep bolstering its nuclear force, denouncing a recent joint pledge by the United States, South Korea and Japan for its denuclearisation, ...

Posted on February 18, 2025

US Halts MCC Pact with Nepal Amid Presidential Order

The US has suspended the multi-million dollar Millennium Challenge Corporation (MCC) agreement with Nepal, impacting essential road and electricity projects. The halt follows a US Presidential ...

Posted on February 18, 2025

US halts multi-million MCC pact aimed to bolster road, transmission capacity in Nepal

The US has halted the multi-million US Dollar Millennium Challenge Corporation (MCC) pact aiming to bolster the road and transmission capacity of the Himalayan nation, the Nepalese Finance Ministry ...

Posted on February 18, 2025

UK’s development finance institution signs loan worth 15 million US dollars to Nepali bank for Nepal’s renewable energy

British International Investment plc (BII), the UK’s development finance institution and impact investor, has signed a trade loan agreement worth 15 million US dollars with Sanima Bank Ltd. The loan ...

Posted on February 18, 2025

Uzbekistan president unveils new initiatives for youth education and employment

Uzbekistan President Shavkat Mirziyoyev has announced a series of new initiatives designed to create even more opportunities for the nation's young generation.

Posted on February 18, 2025

Petronas concludes Malaysia Bid Round 2024 with 14 PSCs

The MBR 2024 has attracted 12 operators, offering 11 discovered resource opportunities (DRO) and three exploration blocks.

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