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Tag Archives: Asia

DTB Uganda eyes UAE, Asia remittance markets

Kampala, Uganda | THE INDEPENDENT | Diamond Trust Bank (DTB) Uganda has announced a strategic shift towards the rapidly expanding remittance corridors between Uganda and the United Arab Emirates (UAE) and Asia, as inflows from traditional sources such as Europe and North America begin to plateau. For years, Uganda’s remittance …

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Trump’s trade wars to push more countries to join BRICS

MOSCOW, RUSSIA | TASS | US President Donald Trump’s trade wars may push some Asian and African countries toward joining BRICS, a Russian expert said. “In recent days, and all throughout the past month, we have had a front row seat to the new challenges that have emerged from this …

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Turning ice and snow into gold as Xi’s China hosts Asian Games

HARBIN | Xinhua | In Harbin, the capital city of China’s northernmost Heilongjiang Province, there is a mesmerizing winter wonderland. Here, towering ice structures mimicking landmarks from across Asia, cheers from super-long ice slides, and the breathtaking view from a giant Ferris wheel attracted over 610,000 visitors during this year’s …

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House stays rationalisation of Asian property board and NPART pending audit

Kampala, Uganda | THE INDEPENDENT | The rationalisation of the Non-Performing Assets Recovery Trust (NPART) and Departed Asians Property Custodian Board will only be concluded after an audit, Parliament has directed. On Tuesday, April 23, 2024, Parliament debated the Non-Performing Assets Recovery Trust (Amendment) Bill, 2024 that purposes to dissolve the …

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Italy vows to renew economic presence in Uganda

Rome, Italy | THE INDEPENDENT | Italy is embarking on a new era in its trade and investment relations with Uganda, with officials promising new and bigger investments in different sectors, especially agriculture, health and other sectors. This comes as the Italian Agricultural Machinery Manufacturers Federation (FederUnacoma), is in the final …

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Oil down in Asia after big gains last week

Singapore, Singapore | AFP | Oil prices were down in Asian trade Monday after big gains last week on signs of a demand revival as some governments ease coronavirus lockdown measures. US benchmark West Texas Intermediate (WTI) was down 2.95 percent to $24.01 a barrel in morning trade. International benchmark Brent was changing hands at …

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The Asian economic miracle

  Deepak Nayyar, the  Emeritus Professor of Economics, Jawaharlal Nehru University and Honorary Fellow, Balliol College, University of Oxford, explains how Asia transformed from the poorest continent in the world into a global economic powerhouse In 1820, Asia accounted for two-thirds of the world’s population and more than one-half of …

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