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World


ADB approves 100 mln USD loan to support SL SMEs

Manila, Mar 18 (UNI) The Asian Development Bank (ADB) on Monday said it has approved a 100-million-U.S.-dollar loan for small and medium-sized enterprises (SMEs) in Sri Lanka to have more access to finance and build their resilience to external shocks, such as economic crisis and climate change.
According to the ADB, Sri Lanka's SMEs provide 45 percent of employment and contribute 52 percent to the gross domestic product (GDP) of the South Asian country. "It is therefore important to provide SMEs, particularly women-led enterprises, with the necessary support to sustain and grow the sector's contribution to the economy."
Through participating financial institutions, the ADB will open a 50-million-dollar line of credit for underserviced SMEs in the export, tourism, technology, agriculture, and manufacturing sectors. It will also establish a 500,000-U.S.-dollar special facility to cover guarantee subsidies for women-led SMEs.
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At least 14 killed in bus crash in central Mexico

At least 14 killed in bus crash in central Mexico

28 Apr 2024 | 11:07 PM

Mexico City, April 28 (UNI) At least 14 people were killed and 31 others injured when a bus overturned in Malinalco, the central Mexico state, local Mexican security secretariat said on Sunday.

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China's CCP expresses satisfaction over parliamentary victory of Maldives President

28 Apr 2024 | 10:36 PM

Male/New Delhi, April 28 (UNI) China's ruling Communist Party has expressed satisfaction over the decisive majority secured in parliamentary elections by Maldives' pro-Beijing President Mohamed Muizzu's People's National Congress (PNC).

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Now Maldives bans sale of Indian spice brands MDH, Everest

28 Apr 2024 | 9:59 PM

Male/New Delhi, April 28 (UNI) Following bans in Singapore and Hong Kong, the Maldives has also banned the sale of popular Indian spice brands MDH and Everest for allegedly containing a cancer-causing pesticide, ethylene oxide.

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Palestinian death toll in Gaza rises to 34,454

28 Apr 2024 | 7:50 PM

Gaza, April 28 (UNI) The Palestinian death toll in the Gaza Strip from ongoing Israeli attacks has risen to 34,454, the Hamas-run Health Ministry said on Sunday.

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Pakistani FM Ishaq Dar designated deputy PM

Pakistani FM Ishaq Dar designated deputy PM

28 Apr 2024 | 7:50 PM

Islamabad, April 28 (UNI) Pakistani Foreign Minister Ishaq Dar was designated on Sunday as the deputy prime minister, a notification of Pakistani's cabinet division said.

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