Sri Lanka’s construction sector crippled by cement shortage amid forex crisis

Sri Lanka’s construction sector crippled by cement shortage amid forex crisis

The construction industry, the biggest contributor to the gross domestic product in Sri Lanka, is threatened by the shortage of cement, and now builders have urged authorities to resolve their issues

Pakistan’s plan to offer permanent residence to rich foreigners: Historic or delusional?

Pakistan recently decided to offer permanent residency to rich foreigners, mainly Sikhs living in the US and Canada, Afghans and Chinese, in exchange for their investment, a move the country’s Information Minister Fawad Chaudhary termed “historic.”

Sri Lanka, facing foreign exchange crisis, seeks to revive its prized tea exports

In a bid to revive its prized tea industry facing an export collapse, the Sri Lankan government has said it will provide fertilizer subsidies to tea cultivators who have been suffering since the ban on chemical fertilizer last year

PM Imran Khan’s growth delusion hides a painful reality for Pakistan

In a tweet on Friday, Pakistan Prime Minister Khan said the Gross Domestic Product (GDP) growth for the last three years was 5.37 percent and congratulated his own government for “substantial job creation” and “rise in per capita income.”

More on Economy-Business

Modi's self-reliance doctrine energises dying small-scale industries

Several dying small-scale industries in India are looking at a comeback with Indian Prime Minister Narendra Modi's thrust on Aatmanirbhar Bharat that also focuses on self reliance and import reduction

Envoy seeks more Indian investment in Bangladesh

Indian High Commissioner to Bangladesh, Vikram Doraiswami, said on Tuesday that Bangladesh can export edible oil to India at 20 per cent value addition to the product, as he urged the business communities of both countries to convince the governments to upgrade goods transportation facilities

US to continue oil, gas exports to India despite climate-change prioritization

US to continue oil, gas exports to India despite climate-change prioritization 

Modi invites India's private sector into defence manufacturing

In his fresh call to make India 'Aatmanirbhar' (self-reliant) in the defence sector, Prime Minister Narendra Modi on Monday invited the private sector to come forward in manufacturing as well as in the design and development of defence items to spread the country's glory worldwide

PayPro, Pakistan's digital payment platform, gets $46K funding from USAID

PayPro, a fintech digital payment platform in Pakistan, said that it had received grant assistance of $46,643 from USAID

Bangladesh auto sector to surpass Pakistan

Bangladesh is set to announce its maiden automotive policy draft for vehicle assembly and auto parts manufacturing to achieve 10 percent of GDP ($30 billion) by the year 2030. Experts say the country’s auto sector may soon surpass Pakistan in volume

Ambani and Adani: Easy prey for motivated critics in India

The names Mukesh Ambani and Gautam Adani is frequently mentioned by motivated critics and activists in India in an attempt to paint these two industrialists as exploiters or even as anti-nationals

Cancer drugmaker in India hit with $50M fine, forfeiture in US for irregularities

A cancer drugmaker in India has admitted to destroying and concealing records before an inspection of its plant in West Bengal by US authorities and agreed to pay $50 million in fines and forfeitures, according to the Justice Department

The OTT war in India has become intense in 2021

Netflix, Amazon Prime Video and Disney+ have competition

Sri Lanka backtracks on Colombo Port agreement?

In what could become an issue between India and Sri Lanka, Sri Lankan Prime Minister Mahindra Rajapakshe on Monday said the East Container Terminal  (ECT) of Colombo Port will be 100 percent operated by Sri Lankan Ports Authority (SLPA)

Apple bullish on India growth, retail stores soon

Bullish on India, Apple CEO Tim Cook has said with the online store receiving tremendous response in the country, Apple has doubled its India smartphone share to 4 per cent in the December quarter and the company is ready to launch retail stores in the country in the future

IFIICC eyes strengthening business ties with India, UAE, Israel

The International Federation of the Indo-Israel Chambers of Commerce (IFIICC) is planning to boost India's strong historical ties with the UAE and Israel as it expects knowledge sharing, strategic partnerships and cultural bonds will help establish business relationships among the three countries

Google commits $150mn for equitable access to Covid vaccines

Alphabet and Google CEO Sundar Pichai on Monday pledged more than $150 million to promote vaccine education and ensure equitable distribution so that everyone can benefit from this triumph of scientific achievement, and quickly

Sri Lanka, India and Japan firms to invest in East Terminal: President

Several companies from India, Sri Lanka and Japan will invest in the East Container Terminal of Colombo Port, President Gotabaya Rajapaksa has said

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

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