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    Finance and Economy

    Cyclone Remal Inflicts $622 Million in Losses on Bangladesh; Highlights Risks of Floating LNG Terminals

    The cyclone, which struck in May 2024, caused extensive damage, including the prolonged shutdown of the Summit LNG terminal, one of Bangladesh’s two floating, storage, and regasification units (FSRUs).

    Sri Lanka Sees 10th Consecutive Week of Offshore Inflows into Government Securities

    Despite the political transition, Sri Lanka has maintained its economic policies, providing reassurance to investors. Analysts suggest the stability and anti-corruption stance of the new government could further bolster investor confidence.

    Who Should Pay for Climate Loss and Damage?

    A small tax on just seven of the world’s biggest oil and gas companies could grow the UN Fund for Responding to Loss and Damage by more than 2000 per cent, as shown in an analysis by environmental organisations Greenpeace International and Stamp Out Poverty.

    Nepal’s Public Debt Soars: Reaching 44 per cent of GDP, Experts Urge Fiscal Prudence

    Nepal’s debt trajectory aligns with global trends among developing nations, which have seen rising public debt due to post-pandemic recovery efforts, inflationary pressures, and currency devaluations.

    Sri Lanka Faces Mounting Nutrition Challenges Amid Economic Struggles

    Sri Lanka is grappling with a nutrition crisis exacerbated by economic hardships, rising food costs, and income losses. While many households focus on meeting basic calorie needs, nutritional security has become a secondary concern, leading to long-term health risks.

    Sri Lanka Must Act Soon to Address Potential Impacts of a Trump Presidency on its Exports

    Donald Trump’s proposed tariff hikes have sparked concerns among Sri Lanka's exporters. This report from Sri Lanka’s Institute of Policy Studies says that the...

    $200 Million World Bank Support for Kerala Farmers and Agribusinesses

    The KERA project will focus on building climate resilience in Kerala’s agricultural value chains by helping farmers transition to climate-smart practices.

    Maldives: Muizzu Addresses Economic Stabilization Efforts, Commits to Avoid Printing Money

    The President revealed that the government had successfully recouped MVR 3.1 billion from various parties, contributing to a reduction in the overall national debt.
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    Vice President Calls for Direct Subsidies and Agri-Entrepreneurship at Madhya Pradesh Conclave

    He urged agro-based industries, NGOs, MPs, and MLAs to adopt villages and help build agri-entrepreneurial ecosystems.

    Sri Lanka and New Zealand Eye Stronger Economic and Educational Ties

    Beyond trade, both nations expressed keen interest in enhancing vocational training collaboration, with a specific focus on developing industry-aligned skills for Sri Lankan youth.

    Pakistan: Spike in Low Birth Weight Alarms Khyber Pakhtunkhwa Health Experts

    In Upper Kohistan, 98 out of 718 babies – roughly 13.65 per cent – were born underweight, making it the most affected district in the province. Kolai Palas followed with a 9.04 per cent rate (34 out of 376), while Upper Chitral recorded 76 such cases out of 1,212 births, translating to 6.27 per cent.

    Must read

    Vice President Calls for Direct Subsidies and Agri-Entrepreneurship at Madhya Pradesh Conclave

    He urged agro-based industries, NGOs, MPs, and MLAs to adopt villages and help build agri-entrepreneurial ecosystems.

    Sri Lanka and New Zealand Eye Stronger Economic and Educational Ties

    Beyond trade, both nations expressed keen interest in enhancing vocational training collaboration, with a specific focus on developing industry-aligned skills for Sri Lankan youth.
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