Economy
World / Countries / MNCs
A one-million barrel cargo of Guyana’s Liza light crude is currently on its way to India, according to Stabroek News. more
40 percent restaurants will be driven to bankruptcy in Maldives

Small and medium businesses, especially cafes and restaurants, are facing the worst crisis and are on the verge of bankruptcy due to COVID-19 pandemic.

Maldives economy is recovering faster than projected: Government

The Maldives government has said that the island nation’s economy is recovering faster than expected.

Bhutan expects strong economic recovery next year

The Bhutanese government is hopeful that the economy will see significant improvement and rebound strongly after the COVID-19 vaccination drive.

UN to provide $107 million to Sri Lanka to support agriculture

Sri Lanka will receive $107 million from a UN agency to support its agriculture sector. The fund will provide modern technology, equipment, and advanced training to the farmers of the isl ...

South Asia to grow by 7.2 percent: World Bank

The economy of the South Asian region is expected to grow by 7.2 percent in 2021 and 4.4 percent in 2022, the World Bank said in a report, adding the countries in the region are recoverin ...

Pakistan resumes trade with India; permits sugar imports

In what comes as the first step towards the revival of trade relations between Pakistan and India, authorities in Pakistan on Tuesday allowed the import of white sugar from India. The mov ...

Guterres urges ‘decisive action’ to stave off debt crisis in developing world

New York: Though significant steps have been taken to prevent debt crises across the world sparked by the COVID-19 crisis, they have not been sufficient to restore economic stability in m ...

Pandemic threatens lost decade for development, UN report reveals

New York: The COVID-19 pandemic has reversed development gains for millions in poor countries, creating an even more sharply unequal world, according to a new UN report released on Thursd ...

IMF board approves plan to release $500 million to Pakistan

Islamabad: Pakistan is all set to get $500 million from the International Monetary Fund (IMF) as part of the $6 billion bailout package agreed in 2019. The IMF board approved an agreement ...