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July, 2, 2016

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The Asian Development Bank (ADB) has projected Nepal's economy to grow between 4-5 percent this fiscal year based on the assumptions of two scenarios of agricultural, industrial and service sector growth. Likewise, inflation has been projected to remain between 7-8 percent.
 
Japan and Mongolia signed a free trade agreement Tuesday that is expected to open the landlocked frontier market to more Japanese auto exports and strengthen Tokyo's leverage with a key partner in its dealings with North Korea.
 
The Board of Investment (BoI), Bangladesh's apex investment promotion body, yesterday signed an agreement with Japan's largest bank to rope in investment from the Asian nation.
 
The Asian Development Bank (ADB) has expressed disappointment over the Ministry of Energy's (MOE) decision to scrap the consultant appointment process for the 140 MW Tanahun Hydropower Project.
 
More insurance is needed in countries with increasing aging populations to offset the burden on public retirement funds as nations in the Asia-Pacific see life expectancy increase, a senior official from a Japanese insurance company said.
 
A vulnerability reward program, in which information technology companies pay bounties to good-willed engineers who find flaws in their computer programs, is attracting attention as a new defensive measure against cyber-attacks.
 
India's new prime minister is turning to nuclear energy to ease a power crisis made worse by the cancellation of hundreds of coal mining permits, but he faces skepticism both at home and abroad.
 
Qatari telecoms firm Ooredoo began selling low-cost SIM cards in Myanmar on Saturday, opening up access to mobile services in one of the world's last virtually untapped phone markets.
 
Many new uses for old tires in Myanmar
The air in the dark, dingy room is thick with the acrid smell of rubber. Aung Nyunt and a half-dozen other workers toil away there day and night, turning discarded tires into flip-flops, buckets and hard-to-find spare parts for used cars.
 
The Nepal government is planning to set up a committee to study whether to sign power purchase agreements (PPA) in foreign currency terms.
 
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