byJamila Husain in Daily Mirror, Mar 31, 2023*** How transparent really are they on their latest project in establishing an export-oriented oil refinery in Hambantota *** At least 4 out of the six remaining companies who have applied have no experience in oil refineries with some even facing serious allegations ,,,,,While the Power and Energy Ministry has got tough on the Trade Unions and is earning many a praise from a majority of the citizens,…
Posts tagged as “China”
report in ECONOMYNEXT, Mar 27, 2023– A swap with the People Bank of China is to be extended for another three years from 2024, according to documents released with the approval of a deal with the International Monetary Fund. “…[T]he PBoC has indicated that it will consider renewing its swap arrangement with the CBSL in 2024 for another three years, if there is no significant situation change,” according to program documents. According to projections in…
Report in The Kathmandu Post ONLINE, March 26, 2023Senior officials from Nepal and China are meeting this week in Lhasa, the capital of the Tibet Autonomous Region, aiming to facilitate bilateral trade and commerce. This is the first meeting of the joint mechanism set up in August last year during the official visit of then foreign minister Narayan Khadka to Qingdao, China. A statement issued after the visit had said the two foreign ministers decided…
By Banafsha Binesh in TOLOnews Online, March 18,2023 at 8:52 PMPakistan’s President Arif Alvi said that Beijing and Islamabad play significant roles in maintaining security and peace in Afghanistan. In an interview with China’s CCTV, Alvi said that a stable Afghanistan plays an important role in the development and success of the China-Pakistan Economic Corridor, or the CPEC. “Another advantage of it is that many Central Asian countries, including Afghanistan, also hope to export their…
report in Prothom Alo, Mar 15, 2023Bangladesh and China have discussed ways and means to further enhance the existing cooperation in a number of areas in the human rights domain, especially under the auspices of the UN Human Rights Council in Geneva, reports news agency BSS. This was discussed while the two countries held first ever official consultations on multilateral human rights issues in Dhaka on Monday, a foreign ministry press release said on Tuesday…
by Arjun Poudel in The Kathmandu Post, Mar 3, 2023Customs officials at the Tribhuvan International Airport confiscated drugs worth Rs1.8 million last week. The drugs, which are used in the treatment of severe Covid infection, were brought from India to smuggle to China, officials said. “We have been investigating the rising trend of smuggling drugs worth hundreds of thousands of rupees,” said Santosh KC, spokesperson for the Department of Drug Administration (DDA). “We will destroy…
report in Daily Mirror online, Mar 2, 2023Premier Li Keqiang told the head of the International Monetary Fund that China is open to participating in multilateral efforts to help heavily indebted nations “in a constructive manner,” China Central Television reported. “China is willing to take part in resolving relevant countries’ debt issues,” Li said in a phone call Wednesday with IMF Managing Director Kristalina Georgieva, according to CCTV. “China maintains that all sides should take…
By Mirudhula Thambiah in The Morning, Feb 21, 2023Responding to a recent report regarding a proposal to issue fishing permits for small Tamil Nadu vessels, Northern fishermen’s associations condemned the move and alleged that it is a manipulative strategy of Minister of Fisheries Douglas Devananda to expand his sea cucumber project and provide the revenue to China. Speaking to The Daily Morning yesterday (20), All Ceylon Federation of Trade Unions General Secretary and former Northern…
report in Prothom Alo, Feb 19, 2023Bangladesh is ready to topple China as the top clothing exporter to the EU amid Beijing’s decreasing share in the ready-made garment (RMG) market, reported Nikkei Asia. Notably, in the wake of the conflict in Ukraine and other global geopolitical tensions, the supply chains are shifting and driving up orders to the densely populated South Asian nation. “A lot of work orders were shifted to Bangladesh from China because…
Report in Daily FT, Feb 8, 2023Analysts opine China’s latest debt relief offer and reiteration still falls short Biggest bilateral creditor with nearly $ 7 b exposure urged to go the full distance in support of Sri Lanka The debt relief reiterated by China to Sri Lanka last week still falls short of overall burden on the latter, according to analysts. China’s Foreign Ministry Spokesperson Mao Ning’s during the regular briefing on Friday reiterated the…
by Prithvi Man Shrestha in The Kathmandu Post, Feb 6, 2023Nepal and China are scheduled to hold another round of discussions later this month on the development of a cross-border transmission line between the two countries. A Joint Technical Group comprising representatives of the Nepal Electricity Authority and the State Grid Corporation of China had previously held two rounds of talks in China and Nepal, respectively, on the issue before the Covid-19 pandemic. Another meeting…