Search For "debt"
Why China's SINOPEC is interested in export-oriented oil refinery in Sri L
Updated : 2 years, 11 months ago IST
Moreover, the current government once again announced a new big project that China is ready to start in Hambantota. The news is that a massive oil refinery aimed at export will be built in Hambantota with Chinese investment. This massive Chinese project is currently undergoing preliminary wo
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Like Sri Lanka and Pakistan, Bhutan will face huge losses if it sides with
Updated : 2 years, 11 months ago IST
China has been toying with Bhutan's sovereignty and territorial integrity for decades, sometimes by showing large parts of Bhutan as part of China, and sometimes by building heavy infrastructure in Bhutan's territory. But mostly by trying to construct illegal sites in the disputed areas. Chi
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Shares of developer Sunac China plunge 55 pc after 13-month suspension
Updated : 2 years, 11 months ago IST
Sunac was among dozens of real-estate companies that defaulted on their international bonds over the past 18 months. According to WSJ, its Hong Kong-listed shares were suspended after it missed a deadline to file its annual report in March 2022.
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Sitharaman participates in event on Sri Lankan debt issues on sidelines of
Updated : 2 years, 11 months ago IST
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman participated in the high-level meeting on Sri Lanka's debt issues on the sidelines of the International Monetary Fund (IMF)- World Bank (WB) Spring Meetings.
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Mounting losses, piling debt crippling Pakistan International Airlines: Re
Updated : 2 years, 11 months ago IST
Recently, a Pakistan News outlet ARY News stated that PIA has tax debts amounting to over Rs 400 billion (USD 1.4 billion). The carrier had also recently asked for a government bailout to the tune of Rs 45 billion (USD 157 million).
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FM Sitharaman calls for timely debt restructuring to counter global debt c
Updated : 2 years, 11 months ago IST
Sitharaman said this on the first day of the second G20 Finance Ministers and Central Bank Governors meeting held in Washington DC, which she co-chaired with Reserve Bank of India's Governor Shaktikanta Das.
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Japan, India to organise Sri Lanka creditors' meeting
Updated : 2 years, 11 months ago IST
The setup could serve as a precedent for solving middle-income nations' debt problems, exacerbated in part by higher interest rates in the US and Europe.
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Need to address growing debt distress across the globe: FM Sitharaman in U
Updated : 2 years, 11 months ago IST
Union Finance Minister Nirmala Sitharaman on Wednesday underlined that in order to address the mounting debt crisis around the world, it is necessary to supplement current global initiatives, especially those of the G20.
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We had to take loans to repay liabilities of previous Himachal government:
Updated : 2 years, 11 months ago IST
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Wednesday, hit out at the BJP government over "financial management" and said that the state was reeling under an "economic misery" with a debt of Rs 92,840.
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China pushes Sri Lanka to sign FTA in guise of debt restructuring
Updated : 2 years, 11 months ago IST
The 5th round of China-Sri Lanka FTA negotiation was held in Colombo on Tuesday where the two sides exchanged views on issues concerning trade in goods, trade in service, investment, economic and technical cooperation, rule of origin, customs procedures and trade facilitation, technical barr
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Nysha Mobility Tech raises USD 3.5 million in Seed Funding, to bridge EV S
Updated : 2 years, 11 months ago IST
Bengaluru (Karnataka) [India], April 11 (ANI/NewsVoir): EV components start-up, Nysha Mobility Tech (NMT), has raised USD 3.5 million in its seed funding round. A combination of equity and debt, the seed round saw participation from Touchstone Ventures, Panthera Peak Capital, and select fami
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US terminates national emergency related to COVID-19 pandemic
Updated : 2 years, 11 months ago IST
"On Monday, April 10, 2023, the President signed into law: H.J.Res. 7, which terminates the national emergency related to the COVID-19 pandemic," read a White House press release.
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