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AIIB to invest 1.09 bln USD in ASEAN countries to…

NANNING, Sept. 22 (Xinhua): The Asian Infrastructure Investment Bank (AIIB) will invest in six projects with 1.09 billion U.S. dollars in countries of the Association of Southeast Asian Nations (ASEAN), AIIB President Jin Liqun has said.    The bank will play a bigger role in promoting interconnectivity between China, ASEAN and other Asian countries, Jin said at the 16th China-ASEAN Expo in Nanning, the capital city of south China's Guangxi Zhuang Autonomous Region.    In the past four years, AIIB has invested a total of 1 billion dollars in 10 projects in six ASEAN countries, according to Jin.    "I am confident that members of ASEAN will gain greater benefits and dividends from our cooperation," Jin said, highlighting the role of the Belt and Road Initiative in boosting interconnectivity in the ASEAN region.    Headquartered in Beijing, AIIB is a China-initiated multilateral development bank which focuses on infrastructure investment.    Beginning operations in 2016, the bank has expanded its membership to 100 and approved 46 loan projects with a total amount of 8.5 billion dollars for its 18 members. 

After ‘Howdy Modi,’ Trump and India’s PM could sign trade…

WASHINGTON/NEW DELHI (Reuters) – The United States and India are racing to negotiate a limited trade deal that U.S. President

Bernie Sanders calls for wiping out $81 billion in medical…

WASHINGTON, Sept 21 (Reuters) – U.S. presidential candidate Bernie Sanders released a plan on Saturday to eliminate $81 billion in

Tribhuvan International Airport, Kathmandu
Only 13 airports in profit

Kathmandu, Sept 21: Billions of rupees have been invested in development of airports for the promotion and expansion of air

Price of aviation fuel, LP gas reduced

Kathmandu, Sept 20: Nepal Oil Corporation has reduced the price of aviation fuel and LP gas. The NOC slashed the

Google to invest 3 billion euros in European data centers

Finland, Sept 20 (Reuters) – Google (GOOGL.O) will make an additional investment of 3 billion euros ($3.3 billion) over the

Under-pressure India govt slashes corporate taxes

MUMBAI, Sept 20, 2019 (AFP) – India said on Friday it would slash corporate taxes to among the lowest in

Priyanka continues to question govt policies amid economic slowdown

New Delhi [India], Sept 20 (ANI): Congress leader Priyanka Gandhi Vadra on Friday continued attacking the Central government in the

Govt to import 20,000 metric tonnes of sugar for festivals

Kathmandu, Sept 20: The government will import 20,000 metric tonnes of sugar targeting upcoming festivals like Dashain, Tihar and Chhath.

NTIP launched: New beginning in export promotion

            Kathmandu, Sept 19: The government has launched ‘Nepal Trade Information Portal’ (NTIP) with an objective of facilitating the export