Economy / Global

Maldives ends 2024 with $63.2m in usable reserves

Maldives ends 2024 with $63.2m in usable reserves

The Maldivian government's usable reserves stood at 63.2 million US dollars at the end of 2024, PSM News, the official state media of the Maldives, reported on Sunday. PSM News, quoting the country's central bank, Maldives Monetary Authority (MMA), said the government's general reserves stood at $


UN predicts world economic growth at subdued 2.8pc

UN predicts world economic growth at subdued 2.8pc

The world economy resisted battering by conflicts and inflation last year and is expected to grow a subdued 2.8 per cent in 2025, the United Nations said Thursday. In “World Economic Situation and Prospects 2025,” U.N. economists wrote that their positive prediction was driven by the s

Afghan central bank injects $15m to stabilise local currency

Afghan central bank injects $15m to stabilise local currency

Afghanistan's central bank injected 15 million US dollars into the local market on Wednesday to boost the national currency, the Afghani. "The bidders, including moneychangers and private banks, should deposit the necessary money in cash in the form of afghani in the central bank, Da Afghanistan B

Global food prices drop 2.1 pct in 2024: FAO

Global food prices drop 2.1 pct in 2024: FAO

Global food prices fell by 2.1 per cent in 2024 compared to the average for the previous year, mainly due to declines in cereal and sugar prices, according to the latest report released Friday by the United Nations Food and Agriculture Organization (FAO) The FAO Food Price Index for the whole year

World food price index eases in Dec, pushed lower by sugar

World food price index eases in Dec, pushed lower by sugar

The United Nations' world food price index dipped in December against November levels, led lower by a drop in international sugar quotations, but still showed a robust gain year-on-year, data showed on Friday. The index, compiled by the UN Food and Agriculture Organization (FAO) to track the most

Nigeria to expand credit access to citizens

Nigeria to expand credit access to citizens

Nigeria will establish a national credit guarantee company in May to lend to businesses and individuals, President Bola Tinubu said in an speech on Wednesday. Tinubu, who took office in May 2023, campaigned on economic reforms including expanding credit access to boost economic growth. “To

Sri Lanka sees highest record of overseas employment in 2024

Sri Lanka sees highest record of overseas employment in 2024

The year 2024 has been recorded as the year with the highest number of Sri Lankans migrating abroad for employment in the nation's history, local media reported, quoting statistics from the Sri Lanka Bureau of Foreign Employment (SLBFE), reports AP.Data shows that a total of 312,836 Sri Lankans lef

Rupee hits record low for sixth straight session

Rupee hits record low for sixth straight session

The Indian rupee weakened to its all-time low for the sixth consecutive trading session on Tuesday as a rise in US bond yields boosted the dollar and strong demand for the greenback from importers added to the lingering pressure on the local currency. The rupee declined to 85.2075 against the US d