Several companies from India, Sri Lanka and Japan will invest in the East Container Terminal of Colombo Port, President Gotabaya Rajapaksa has said
Political stability must for economic recovery, says Pakistan PM; calls for ‘Charter of Economy’
The IMF’s refusal to revive the $6 billion bailout package over the government’s initial refusal to implement austerity measures made things worse for the government. In recent weeks, the Sharif government has reduced fuel subsidies drastically and increased electricity tariffs.
World Bank cuts India’s 2022-23 growth to 7.5%, but will keep top spot; South Asia growth to get affected
In South Asia as a whole, the report said, “The Russian Federation’s invasion of Ukraine has weighed on growth in the South Asia region (SAR) after a solid recovery in the second half of last year and amplified pre-existing vulnerabilities”
Pakistan plans IT park in Karachi to boost exports and create jobs
Significantly, the country’s IT exports are rising and has already crossed over $2 billion in the first eight months of the current financial year. In 2021, the Overseas Investor Chamber of Commerce and Industry (OICCI) said in its report that the country had the potential of $10 billion in annual IT exports.
Power-surplus Nepal hopes to earn $100 million from electricity exports to India
From Thursday this week, Nepal started selling electricity, around 37 MW to Indian buyers, Nepal Electricity Corporation spokesperson Suresh Bhattarai confirmed to The Kathmandu Post. More bids are invited to sell 200 MW in India’s power exchange market on a long-term basis.
More on Economy-Business
India’s Bharat Biotech applies to hold COVAXIN clinical trials in Bangladesh
India’s Bharat Biotech has sought approval from the authorities to hold clinical trials of its coronavirus vaccine candidate COVAXIN in Bangladesh
Samsung to locally manufacture another 5G handset in Bangladesh
Samsung, the South Korean multinational conglomerate, has decided to shift the assembling of yet another 5G handset, Galaxy S21 Ultra 5G, to Bangladesh, reported Daily Star
Amazon ties up with Startup India to boost e-commerce exports
Amazon has partnered with Startup India to launch an accelerator programme to help early-stage startups in the consumer products space to launch in international markets and create global brands from India through Amazon's Global Selling programme
Bharat Dynamic and Thales ink pact to manufacture air defence system in India
Bharat Dynamics Ltd (BDL) and Thales have signed a Teaming Agreement to work in partnership on the STARStreak Air Defence System with the support of both the Indian and the UK governments
Google purges hundreds of fake personal loan apps in India
Alarmed at the growing harmful financial services products on its Play Store in India, Google on Thursday said it has reviewed hundreds of personal loan apps in India and pulled down several of them found to be violating its app policies
Elon Musk says coming to India 'as promised'
Breaking his silence after the news broke that Tesla has finally entered India by registering it as a company in Bengaluru, its CEO Elon Musk said on Wednesday that he is on the way to fulfil his promise to let electric cars run on the roads of the country
Tesla finally enters India, via Bengaluru
Tesla CEO Elon Musk has finally entered India by registering Tesla as a company in Bengaluru
Signal targets 100-200 million users in India
Elated at Indians, including top entrepreneurs and celebrities, rushing to join his encrypted messaging app Signal, Brian Acton, who co-founded WhatsApp with Jan Koum before selling it to Facebook CEO Mark Zuckerberg for $19 billion, aims to add 100-200 million users in India over the next two years
Converting COVID-19 crisis to opportunity: Need for breakaway planning in business
Across the board, the impact of COVID-19 was shutdown and lockdown of the economies in India and South Asia, the United States, and around the world
