Asian Infrastructure Investment Bank (AIIB), on Wednesday, announced the bank’s Board of Directors, has approved a loan of USD 7.3 million to Maldives, to support the country’s health response to the coronavirus pandemic
New India-Bangldesh waterway operational; enhances transit and connectivity
The first consignment of goods from Bangladesh arrived in Tripura by waterway on Saturday as part of a trial run for shipping of goods from other parts of India to the northeast region via Bangladesh formally making operational of new waterways between the two neighbours
Indo-Bangla river trade opens up huge opportunities
If you happen to be on the Padma or Meghna rivers for a cruise or are travelling to the country's southern part, you will in no way miss a sporadic presence of numerous slow-moving small and large vessels alongside their sudden blasts of horns
Sri Lanka Air Force, Indian Navy and Coast Guard join Sri Lanka Navy to control fire on oil tanker off Sri Lanka
The Sri Lanka Navy, Sri Lanka Air Force, Sri Lanka Ports Authority, the Indian Navy and the Indian Coast Guard are currently working together to control the fire that erupted in an oil tanker off Sri Lanka’s Eastern Coast on Thursday, the Navy said
Indian Coast Guard to assist Lankan Navy to douse oil tanker fire
The Indian Coast Guard on Thursday said it has diverted three of its ships and a Dornier aircraft to assist the Sri Lankan Navy to douse a fire on board an oil tanker 'MT NewDiamond'
More on Cooperation/Trade
WB approves $500m loan for Pakistan’s budget support
The World Bank (WB) on Tuesday announced that it has approved another $500 million loan to Pakistan for the country’s budget support following its increased expenditures on COVID-19 crisis response
India considering Sri Lanka’s debt relief request
India is considering Sri Lanka’s request for a debt moratorium, according to a report filed by Indian newspaper The Hindu
Canada extending support to strengthen the MSMEs in Sri Lanka
Canada is extending support to strengthen the capacities of the cooperative sector and Micro, Small and Medium Enterprises (MSME) in Sri Lanka impacted by COVID-19, the High Commissioner of Canada to Sri Lanka David McKinnon said
Kholongchhu project signed as first JV between Bhutan and India
The government and the Kholongchhu Hydro Energy Limited (KHEL) signed the first joint venture (JV) hydropower project between Bhutan and India in Thimphu yesterday, six years after the foundation stone was laid
Sri Lanka debt relief, US$400 swap line from India under discussion
ECONOMYNEXT – Discussions still ongoing with Sri Lanka over a request 400 million US dollar swap line for the central bank and debt relief, India’s High Commission in Colombo said
28 Maldivians travel to India for medical treatment
Maldives Ministry of Foreign Affairs has announced that 28 Maldivians had departed to neighbouring India to undergo advanced medical treatment
India's 17% coal fleet set to become uncompetitive
In India, 17 per cent of the 283 GW coal fleet is set to become uncompetitive in 2020, rising to 50 percent in 2022 and 85 percent in 2025, international researchers said on Tuesday
Indian vaccine maker to begin human trials from July
Leading Indian vaccine maker Bharat Biotech has announced it has successfully developed Covaxin, India's first vaccine candidate for COVID-19, in collaboration with the Indian Council of Medical Research (ICMR) and National Institute of Virology (NIV) and will begin its human trials next month
US reaffirms commitment to support Sri Lanka’s development and sovereignty
United States Secretary of State Michael R. Pompeo spoke to Sri Lanka’s Foreign Relations Minister Dinesh Gunawardena to reaffirm the US partnership with the people of Sri Lanka and its commitment to supporting the country’s development and sovereignty, a spokesperson said
India should give more market access to Bangladeshi goods: FBCCI
Bangladesh wants more raw materials from India to increase production for both countries during the coronavirus pandemic
World Bank signs $250 million agreements for Tamil Nadu housing
The World Bank has signed agreements for $250 million to promote private sector role in developing affordable housing in Tamil Nadu in southern India
World Bank’s IDA agrees to provide US$ 60 mn to Sri Lanka for COVID-19 Emergency Response
The International Development Association (IDA) of the World Bank Group has decided to further increase the financial support agreed to provide to the Government of Sri Lanka for the COVID-19 emergency response, the Minister of Higher Education, Technology, Innovation and Information and Mass Media, Dr. Bandula Gunawardena said
Bangladesh's state-run jute mills to be shut, 25,000 laid off
The Bangladesh government has put the last nail on the coffin of the country's state-run jute industry by closing all the 22 jute mills and laying off 24,886 workers
Bhutan to be promoted as a high-end tourist destination
Bhutan's hotel industry that has seen an explosion in recent years and directly dependent on tourism will be in for shake-up with the Tourism Council of Bhutan relooking at the tourism policy
