Nepal Infrastructure Bank makes its first investment

Kathmandu (Nepal) August 19: With an aim to accelerate the development of infrastructure in the nation, Nepal Infrastructure Bank (NIB) has started to make investments...

NOC fails to implement dual-pricing system in liquefied petroleum gas

Kathmandu (Nepal) August 19: Though it has been more than eight years since the government announced about implementing dual-colour liquefied petroleum gas (LPG) cylinders in...

Local property portal raises $3m in second round funding

Naypyitaw (Myanmar) August 19: ShweProperty.com, Myanmar's online property firm, has raised US$3 million in a Series B round of funding to boost its business operations...

Lower rents lift Yangon office occupancy: Picon Deed

Naypyitaw (Myanmar) August 19: Lower rents are lifting occupancy levels in the Yangon office market but political uncertainty is deterring new entrants, according to a...

Tax amnesty proposed, prompting renewed debate

Naypyitaw (Myanmar) August 19: The chorus of voices defending and opposing the reduction of tax rates for undisclosed income has come to the fore again...

Lawmaker's resort company blacklisted from recruiting Filipinos

Male' (Maldives) August 19: MP Abdulla Jabir's resort company has been banned by the Philippines Overseas Employment Administration from hiring Filipino workers.

Fitch Affirms Sri Lanka's Co-Operative Insurance at 'BBB+(lka)'; Outlook Stable

Colombo (Sri Lanka) August 18: Fitch Ratings has affirmed Sri Lanka-based Co-Operative Insurance Company Limited's (CICL) National Insurer Financial Strength (IFS) Rating at 'BBB+(lka)'. The...

These cities have the highest sales taxes in the US

Chicago (USA) August 18: Chicago is known as "The Second City" - but when it comes high sales taxes, it's number one.

Europe in crisis mode, Germany's in trouble: Andy Brenner

New York (USA) August 18: The health of Europe's largest economy is in trouble as Germany teeters on the edge of a recession.

Yemen rebel drone attack targets remote Saudi oil field

New York (USA) August 18: Drones launched by Yemen's Houthi rebels attacked a massive oil and gas field deep inside Saudi Arabia's sprawling desert on...

Russian businessman Prokhorov sells NBA Brooklyn Nets to Canadian billionaire Tsai

Moscow (Russia) August 17: Russian businessman Mikhail Prokhorov has signed a deal to sell the Brooklyn Nets basketball team to Canadian billionaire Joseph Tsai, the...

Mom, daughter kicked off Air Canada plane, not told they're banned from...

Ottawa (Canada) August 17: A Quebec woman wound up spending nearly $8,000 in airline tickets to fly herself and her daughter home after Air Canada...

Army football star Brett Toth signs with Eagles: What he could earn...

Washington (USA) August 17: Former Army football standout Brett Toth is set to join the NFL's Philadelphia Eagles after senior leadership granted him a waiver...

Where Trump will donate his second-quarter salary

Washington (USA) August 17: The White House confirmed on Friday that President Trump will donate his salary from the second quarter of the year...

Gemstones and jewelry omitted from Union Tax Bill 2019

Naypyitaw (Myanmar) August 16: Gemstones and jewelry have been omitted from the special commodities list in the 2019 Union Tax Bill submitted to the Pyidaungsu...

Mandalay-Muse trade route hit by insurgent attacks

Naypyitaw (Myanmar) August 16: The Mandalay-Muse route, a major trading route between Myanmar and China, has been shut down after an attack on Thursday morning...

If you have this Ford transmission, there's something you should know

New York (USA) August 16: Certain Ford Fiestas and Focuses are getting extended warranties for their troubled automatic transmissions.

Is a recession really coming? What other telltale signs are showing

New York (USA) August 16: Fears of an impending recession spiked on Wednesday, when, for the first time in 12 years, a closely watched spot...

Construction industry hoping for less taxes

Naypyitaw (Myanmar) August 15: The construction industry is hoping for lower taxes for the industry, which had been lobbied for last year but was not...

Malaysian bank branch provides US$3m loan to microfinance fund

Naypyitaw (Myanmar) August 15: Kuala Lumpur-based Malayan Banking Berhad (Maybank) has signed an agreement with Hayman Capital, a Myanmar microfinance institution (MFI), to provide US$3...

Need a cheap mortgage rate? Try this Danish bank - it's less...

Copenhagen (Denmark) August 15: Danish people hoping to get on the housing ladder were given a boost earlier this month when one of the country's...

These students joined Shallum Xavier to create a patriotic song for Independence...

Islamabad (Pakistan) August 15: Every year, we get a new track or two which celebrate Pakistan and this year is no different.

Stock markets sell off as inverted yield curve in bond market prompts...

Ottawa (Canada) August 15: When the U.S. Federal Reserve cut interest rates last month for the first time in more than a decade, it signalled...

Is new NFL, Jay Z partnership an illegal formation?

New York (USA) August 15: No one is officially throwing any flags yet, but the NFL's announcement Wednesday of a broad partnership with music mogul...

Exports through Muse down by a third

Naypyitaw (Myanmar) August 14: A crackdown by China on illegal trade along the vital Muse border crossing located in northern Shan State as well as...

SMEs need policies tailored for growth to flourish: MRCCI

Naypyitaw (Myanmar) August 14: The Mandalay Region government needs to have specific policies to boost small-and-medium enterprises (SMEs) in order to attract and grow high-skilled...

Mines Ministry Makes Progress In Talks On Key Projects

Kabul (Afghanistan) August 14: The Ministry of Mines and Petroleum has made progress in discussions on contracts for five projects worth $350 million, a spokesman...