Pakistan is gradually reducing its dependence on American military technology and China is filling the gap, says a Financial Times report, which also warns that this shift will have geo-political repercussions as well.
A top US admiral has warned Congress against imposing any sanctions on countries like India and Indonesia for purchasing defense equipment from Russia, saying any such move would pose a concern for America's defense ties in the Indo-Pacific and increase its partners' dependence on Moscow.
Riding on the twin successes of the controversy-ridden Padmaavat and smaller offerings such as Raid and Hichki, Bollywood’s earnings at Rs1,103 crore for the first quarter of 2018 registered an impressive 42% growth over the first quarter of 2017. And this without any film featuring the three Khans, Shah Rukh, Aamir and Salman.
Li Ruogu, the former head of one of China’s main lenders for projects related to the "Belt and Road" initiative has issued a rare warning about the dangers of investing in many countries involved in the program. Most of these countries are not credit worthy and may not be able to returns the loans he said.
Foreign workers and personnel in Bangladesh formally remit about US$ 2 billion or Taka 165 billion a year, according to Pew Research Center. But according to an unofficial estimate made by the Bangladesh Enterprise Institute President Farooq Sobhan, Indian nationals alone take home Tk 320 billion or US$ 3.8 billion annually.
China’s Exim bank has confirmed funds for a power plant that is being built in Payra in Bangladesh. The Bangladesh-China Power Company Limited (BCPCL) on Monday sent an invoice for US$ 439 million to the Chinese Exim Bank. This comes in the wake of the Indian coal powered plant coming up at Rampal in the Sundarbans.
Colombo, April 18 (newsin.asia) - The following are the foreign exchange rates against the Sri Lankan rupee released by the Central Bank of Sri Lanka on Wednesday. Buying Selling Australian Dollar 118.76 123.92 Canadian Dollar 122.05 126.75 Chinese Yuan (Renminbi) 24.27 25.45 Euro 189.89 196.77 Japanese Yen 1.4322 1.4846 Singapore Dollar 117.19 ...
India's infrastructure giant GMR Group has lost an additional US$ 15 million claim in the legal row over the cancelled contract to develop the country's main airport. Despite winning a staggering US$ 271 million payout from the Maldivian government in 2016, the company had filed a new claim for US$ 15 million.
Colombo, April 17 (newsin.asia) - The following are the foreign exchange rates against the Sri Lankan rupee released by the Central Bank of Sri Lanka on Tuesday. Buying Selling Australian Dollar 118.44 123.60 Canadian Dollar 121.19 125.87 Chinese Yuan (Renminbi) 24.20 25.38 Euro 188.56 195.42 Japanese Yen 1.4255 1.4788 Singapore Dollar 116.67 ...
Sri Lanka's national airline carrier, Sri Lankan Airlines on Monday said it had achieved a record annual passenger revenue of Rs. 126.9 billion (US Dollars 830.7 million) for its just ended financial year of 2017/18, the highest ever in the company’s 38 year history.