Sri Lanka President Gotabaya Rajapaksa

Sri Lanka prized tea industry under threat from Rajapaksa’s organic utopia

Sri Lanka’s world-renowned tea industry--accounting for almost ten percent of its total exports--is staring at a disaster, industry players believe, as they anticipate a failing crop by next month due to the blanket ban President Gotabaya Rajapaksa has put early this year on the use of chemical fertilizers

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Nepal’s manufacturing sector returns to near pre-pandemic level

The manufacturing sector in Nepal, earlier ravaged by the pandemic, has now almost returned to near pre-pandemic levels as the result of a boost in demand due to the festive season and the ramped-up vaccination

Apricots from Kargil, once a battleground for India and Pakistan, go global

Fresh apricots from Kargil district in the union territory of Ladakh have for the first time in 35 years found their way to the international market

Moody’s downgrades Maldives rating to Caa1, changes outlook to stable

Despite the significant recovery in the country’s tourism industry, Moody’s downgraded the Maldives’ sovereign rating to Caa1 with a stable outlook from earlier B3, citing the drop in tax revenue collection and other factors

Pakistan asks World Bank to restructure $200 loan

Pakistan has asked the World Bank to finalize its restructuring plan for the $200 million loan which the lender had approved last year for the locust emergency and food security project

Airbnb to support 20,000 Afghan refugees with free accommodation

Airbnb, a San Francisco-based company that operates an online marketplace for lodging, primarily homestays for vacation rentals

Maldives signs deal with India's Afcons for India-funded mega infrastructure project

The Maldives has on Thursday signed a deal with an Indian company for the Greater Male Connectivity Project, the archipelago’s biggest infra project so far costing around $500 million, giving a major boost to connectivity around capital Male

India’s Adani Group to start work on Sri Lanka’s West Container Terminal port by yearend

India’s Adani Ports and Special Economic Zone (APSEZ) will begin construction work on the West Container Terminal (WCT) at Sri Lanka’s Colombo port by yearend, media reports say

Undid a past mistake on corporate taxation, took bold decisions on reforms: PM Modi

The Indian government's move to end retrospective tax signified the undoing of a mistake in made in the past, Prime Minister Narendra Modi said at the annual meeting of the Confederation of Indian Industry or CII

Nepal’s flower industry withers amid pandemic

Prior to the Covid-19 pandemic, the flower industry in Nepal was worth over $20 million

Johnson & Johnson’s single-dose Covid-19 vaccine gets India’s approval - a day after EUA

In a significant step towards boosting its vaccine arsenal, India has given emergency use authorization (EUA) to US pharmaceutical giant Johnson & Johnson's single-dose Covid-19 vaccine in the country

realme to export Make in India smartphones to Nepal

Smartphone maker realme said it will export Make in India smartphones to Nepal from the ongoing third quarter

As China ties sour, ex-Australian PM Tony Abbott to visit India to advance trade relationship

Former Australian Prime Minister Tony Abbott will visit India this month to progress the Indo-Australian economic and trade relationship under the Comprehensive Strategic Partnership

Bangladesh receives USD 20 bn investment proposals for its first planned industrial city

Bangladesh has received investment proposals worth around USD 20.13 billion from 153 investors, including those from China and Japan, for its first planned industrial city which it wants to develop as a world-class business and industrial center

Serum Institute of India to work with industry body CII to spread vaccination in small towns, rural areas

The Confederation of Indian Industry (CII) has entered into an agreement with the Serum Institute of India (SII) to accelerate COVID-19 vaccination in small towns and rural areas in partnership with industry and healthcare providers

India and US to sponsor forum to boost Indo-Pacific business cooperation

As part of their growing Indo-Pacific strategic cooperation, India and the United States are sponsoring a virtual meeting of the Indo-Pacific Business Forum (IPBF) to promote government and business cooperation across the region where China is increasingly playing an assertive role