Category: South Asia
‘s SMEs need more growth capital to be competitive: ADB
Sep 03, 2015 (LBO) – Sri Lanka’s and the rest of Asia’s small and medium sized enterprises (SMEs) need finance to help them grow into dynamic, internationally competitive companies, an Asian Development Bank (ADB) report said.This is key to strong, sustainable growth in Asia as the world recovers from the recent global economic slowdown, says […]
India Orders More Tests on Maggi as court lifts ban
Aug 14, 2015 (LBO) – India has ordered further tests on Maggi, a popular noodle brand before the product can go back on sale following a court overturning a government ban on the product, Thursday, foreign media reported.“We have examined the evidence in great detail.Since the petitioner Nestle has already agreed not to make and […]
India receives USD20bn FDI from 12 countries in 2014-15 including Sri Lanka
Aug 07, 2015 (LBO) – India has received 19.78 billion US dollars worth foreign direct investment from 12 countries visited by Prime Minister Narendra Modi. Indian Commerce and Industry Minister Nirmala Sitharaman has informed Parliament that during the period, Indian companies have invested only 3.42 billion US dollars in these 12 countries. These countries include […]
India allows watching internet sex after widespread criticism over ‘moral policing’
Aug 06, 2015 (LBO) – India has lifted its ban on 857 websites that host adult or pornographic content after the move was severely criticized as a Talibani type decision.The government reversed the decision it took few days ago, ordering Internet Service Providers to only block access to sites that contain ‘child pornographic content’ allowing […]
China restricts drone, supercomputer exports to protect national security
Aug 05, 2015 (LBO) – Chinese government has restricted drone and supercomputer exports in a bid to protect national security and strengthen export controls on sensitive items. Under the new rule, starting from August 15, companies that make certain drones and computers will have to register with government authorities and obtain a license before exporting […]
South Asia to grow 7.3 pct in 2015: ADB
July 29, 2015 (LBO) – South Asia is expected to grow 7.3 percent in 2015, up slightly from 7.2 percent seen earlier, with a better-than-expected economic performance in Bangladesh balancing the earthquake-related slowdown in Nepal, a new ADB report says. “In 2016, growth for the sub region is expected to expand to 7.6 percent,” a […]
Heads of SAARC statistical organizations to meet in Sri Lanka tomorrow
July 22, 2015 (LBO) – The seventh meeting of the heads of SAARC statistical organizations is scheduled to be held in Colombo for two days starting from tomorrow.Director General of Department of census and statistics Amara Satharasingha will be officially elected as the chairperson of the seventh conference, statistics department said. It is organized by […]
Asian stock markets back on track
July 07, 2015 (LBO) – Most of the Asian markets traded higher on Tuesday, following losses on Monday, foreign media reports said. Japan’s benchmark Nikkei 225 was up 1.4 percent to 20,389.47 in early trade while the euro also rebounded from Monday’s one week low to 1.1045 US dollars against the dollar. Hong Kong’s Hang […]
Sri Lanka signs articles of agreement for Asian Infrastructure Investment Bank
June 29, 2015 (LBO) – Sri Lanka on Monday signed the articles of agreement for the China led Asian Infrastructure Investment Bank which is expected to be operational by the year end. Representatives from 57 prospective founding members of the Asian Infrastructure Investment Bank including Sri Lanka gathered on 29 June 2015 in Beijing at […]
South Asia gets largest share of funding for climate change from development banks
Jun 18, 2015 (LBO) – Six multilateral development banks (MDBs) delivered over 28 billion US dollars in financing in 2014 to developing countries and emerging economies to mitigate and adapt to the challenges of climate change, a report said. “Among the regions, South Asia received the largest share of total funding, at 21 percent,” the […]
Growth in South Asia 7.1-pct in 2015: World Bank
June 12, 2015 (LBO) – The World Bank says growth in South Asia is expected to continue at a firm 7.1 percent this year, led by a recovery in India. “Regional GDP growth is expected to remain at just over 7 percent during 2015, and rise at a moderate pace toward 7.5 percent in 2017, in line […]
‘s Foreign Minister to visit Japan next week
June 10, 2015 (LBO) – Sri Lanka’s Foreign Minister Mangala Samaraweera will visit Japan from 17 to 20 June as a Guest of Japanese Foreign Affairs Minister Fumio Kishida.During the visit, Samaraweera will hold bilateral discussions with Minister Kishida on issues of mutual interest including promoting cooperation in the political, economic and cultural spheres, in […]