Nepal’s total credit portfolio is expected to exceed Rs6 billion ($46 billion) by the fiscal year 2025, accounting for well over 90 percent of Nepal’s GDP. The portfolio has recorded a remarkable 20 ...
BNM to reveal interim measures on rising insurance premiums next week
Bank Negara Malaysia (BNM) will announce further details on interim measures to address the rise in insurance premiums next week. Finance Minister II Amir Hamzah Azizan emphasised that the ...
TBC Uzbekistan launches Osmon Card, its first revolving credit product
Osmon card offers a range of benefits, including rapid approval process, free issue and delivery and a 55-day interest-free period ...
ADB okays $500-M loan for PH’s public financial management reform
The Asian Development Bank announced Wednesday it approved a USD500-million policy-based loan for the Philippines’ Public Financial Management (PFM) Reform Program. PFM Reform Program (Subprogram 1) ...
Najib claims King Abdullah supported his leadership, says it’s ‘reasonable’ to believe Saudi MoF ‘donations’ were authorised by the king
Datuk Seri Najib Razak today said that the late Saudi ruler, King Abdullah, had promised to support him in continuing to lead a “moderate” Malaysia. He told the High Court that he believed the Saudi ...
India attracted $42.1 billion FDI in H1FY25, gross inflow since April 2000 reaches $1 trillion
India managed to attract $42.1 billion in foreign direct investment during the first half of the fiscal, a Commerce Ministry statement said on December 12, adding that the cumulative FDI inflow into ...
Innovative finance and partnerships accelerate climate action in Saudi Arabia
The session examined how financial innovation, public-private partnerships, and regulatory frameworks can bridge the gap between climate action and investment opportunities ...
Financial Intelligence Unit Detects Undisclosed Income Worth Rs 11,000 Crore In 2024: Centre
As per the intelligence shared by the FIU-IND with the law enforcement agencies (LEAs), it detected Rs 10,998 crore worth of unidentified income, identified Rs 2,763 crore worth of criminal proceeds ...
Pakistan to transform financial system in line with Shariah principles: Aurangzeb
Finance Minister Muhammad Aurangzeb has said that Pakistan remains firm in its commitment to transforming the financial system in line with Shariah principles. He was virtually addressing the ...
INDIA STOCKS Indian shares set to open higher after US inflation data cements rate cut bets
Indian shares are set to open higher on Thursday, tracking other Asian peers, after in-line U.S. inflation data reinforced expectations of a Federal Reserve rate cut next week.