The International Monetary Fund (IMF) has approved the disbursement of US$28.9 million to the Indian Ocean tourist paradise in the wake of the COVID-19 pandemic

Sri Lanka is in talks with a raft lenders ranging from the Asian Development Bank, China’s Asian Infrastructure Investment Bank and France for budget support an official said, as the country is fighting off a Coronavirus pandemic

Pakistan has received an emergency loan of $1.39 billion from the International Monetary Fund (IMF) to cope with the coronavirus pandemic, pushing the countrys foreign currency reserves apparently to a one-month high above $12 billion, the media reported on Thursday

Adar Poonawalla, Chief Executive Officer, Serum Institute of India (SII), has said that SII has associated with US-based biotechnology firm Codagenix has developed a virus-vaccine candidate which is closest to the novel coronavirus. According to Poonawalla, human trials of the vaccine are expected to commence by September-October

Social media and tech giant Facebook is pouring in Rs 43,574 crore for a 9.99 percent stake in India's oil-retail-telecom conglomerate Reliance Industries Limited (RIL) led Jio Platforms -- the largest investment for a minority stake by a technology company anywhere in the world and the largest FDI in the Indian tech sector, according to an RIL statement on Wednesday

The World Health Organisation (WHO) will provide £2.67 million (approximately $3.29 million) fund to Pakistan to scale up the country’s efforts in its fight against the deadly coronavirus pandemic

Japan has provided a total sum of USD 1,212,500 (approx. Rs. 230 million) through the United Nations Children’s Fund (UNICEF), the International Organization for Migration (IOM), and the International Federation of Red Cross and Red Crescent Societies (IFRC) to tackle the COVID-19 in Sri Lanka

The Indian Institute of Technology Kanpur (IIT-K) and Sanjay Gandhi Post Graduate Institute of Medical Sciences (SGPGIMS), in a joint project, have developed a working prototype of a Positive Pressure Respirator System (PPRS) to address the problem of acute global scarcity of N-95 respirator masks which are a critical component of Personal Protection Equipment (PPE) kits

An abandoned multi-storeyed Sports Tower, which was constructed for 2007 World Military Games in Hyderabad in southern India, has been transformed into a makeshift hospital for Covid-19 patients in less than a month and the Telangana government plans to later upgrade it into a top-class healthcare and research facility

Many of Sri Lanka’s apparel firms have run out of working capital and credit lines to pay salaries in April and mass unemployment looms as prospects of a quick recovery is also dim with clothes being a discretionary purchase in Coronavirus hit countries, industry officials said

Terming the Covid-19 crisis as a wake-up call, Ratan Tata, Chairman Emeritus of Tata Group and one of India's and the woirld's most respected businless leaders, slammed India's housing policies under which slums and shantytowns are forever shifted from one location to the another because "we have the image we want to project of ourselves and there's a part we want to hide"

The Max Hospital in Saket, New Delhi has administered plasma therapy on a critical coronavirus patient and it's showing positive results with the patient being taken off ventilator support, the hospital said

The Pakistan government has given permitted the resumption of the Afghan Transit Trade (ATT) activities at Gwadar port amid the coronavirus pandemic

After relinquishing the post of Chief Economic Adviser to the Government of India in July 2018, Arvind Subramanian has now come out with his book, 'Of Counsel' (Penguin, Viking)

Container transshipment business at Sri Lanka’s Colombo port has been hit by lockdowns in India and Bangladesh over coronavirus and vessel calls are expected to decline as lines try to balance demand, a logistics official said