Japan to offer dollar-denominated, low interest loans for infrastructure

Japan to offer dollar-denominated, low interest loans for infrastructure

Tokyo, November 18 (Nikkei Asian Review): Japan will start offering dollar-denominated development assistance loans, heeding the wishes of borrowing countries to reduce exposure to exchange-rate risks. The move will likely increase demand from countries whose currencies are highly vulnerable to the performance of the U.S. economy. Tokyo hopes the change will lead to more infrastructure […]

Bid to fuel Indo-Lankan trouble fails

Bid to fuel Indo-Lankan trouble fails

Colombo, November 12: Mature and prompt handling of the fuel crisis in Sri Lanka earlier this month by Indian diplomats and top Sri Lankan leaders prevented it from spoiling India-Lanka relations, writes P.K.Balachandran in South Asian Monitor. Energy ties between India and Sri Lanka, plagued by controversy right from the time they were mooted in […]

Maldives to build ultra-modern, well-connected “Youth City” on artificial island

Maldives to build ultra-modern, well-connected “Youth City” on artificial island

Colombo, November 12: In the Maldives, which is a cluster of small islands, extra apace for a growing population and a developing economy can be created only by reclaiming land from the sea or by creating a new island. Since 2015, the Abdulla Yameen government has been building an ultra-modern but entirely green “Youth City” in […]

UAE interested in wide-ranging investments in Maldives

UAE interested in wide-ranging investments in Maldives

Male, November 8 (newsin.asia): The UAE Minister of Economy, Sultan bin Saeed Al Mansoori, expressed his country’s interest in investing in a variety of sectors in the Maldives, when he met the Maldivian Minister of Economic Development Minister, Mohammed Saeed, recently. According to the two ministers, the most promising areas of investment are aviation and tourism, […]

India-Bangladesh rail and coastal shipping being restored

India-Bangladesh rail and coastal shipping being restored

Agartala/Chennai, November 7 (newsin.asia):  Rail and coastal shipping links between India and Bangladesh are being restored. A coastal shipping service has already started with a vessel taking a cargo of 185 Ashok Leyland trucks from Chennai to Mongla port in Bangladesh last month. “Bangladesh will restore the railway lines with India at 12 places, which […]

India, UK to initiate revamping of Commonwealth by April 2018 summit

India, UK to initiate revamping of Commonwealth by April 2018 summit

By John Elliott/Newsweek New Delhi, November 7: India is considering playing a leading role with Britain in revamping the Commonwealth when the international organisation of 52 countries holds its summit in London next April. One idea being considered is that administration of the grouping should be de-centralised with specific subjects being run from other countries, […]

Sri Lankan Airlines voted ‘Leading International Airline’ at South Asian Travel Awards

Sri Lankan Airlines voted ‘Leading International Airline’ at South Asian Travel Awards

Colombo, Nov 7 (newsin.asia) – Sri Lanka’s national airline carrier, Sri Lankan Airlines, was voted as the ‘Leading International Airline’ at the second annual South Asian Travel Awards 2017 held in Maldives, a statement by Sri Lankan said Tuesday. Sri Lankan Airlines ‘Business Class’ was also named the ‘Best in Class’ among all airline cabin […]

India plans 17 underground passages along China border

India plans 17 underground passages along China border

New Delhi, Nov 7 – India is considering the creation of a well-connected network of at least 17 tunnels along the Line of Actual Control (LAC) that separates the country from Chinese territory. The tunnels will be about 100-km long and run along the entire LAC, the Economic Times reported. These tunnels, being planned by India’s frontier road developer […]

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