VIF Neighbourhood News Digest - November 18, 2022

Afghanistan

Participants at Moscow Format Release Joint Statement: Tolo News

The participants of the Moscow Format discussed the current situation in Afghanistan with an emphasis on regional security, military-political stability, socio-economic and humanitarian issues, a joint statement of the meeting participants saidClick here to read... [2]

Taliban Reaffirm Afghanistan Not a Threat to Other Nation: OIC Meeting: The Khaama Press

In a meeting with representatives of the Organization of Islamic Cooperation (OIC), the second deputy prime minister Mullah Abdul Salam Hanafi reaffirmed Afghanistan soil will not be a threat against other countries. Click here to read... [3]

Bangladesh

Towards stronger ties with Singapore – Dhaka Tribune

Bangladesh's next step in its economic journey is shedding its LDC tag and becoming a full-fledged middle-income economy this year. As has been reiterated time and time again, this transition shall not be easy, and it will require significant planning. Bangladesh is hoping that Singaporean entrepreneurs pay heed to the prime minister's words and explore the investment opportunities Bangladesh offers. Simultaneously, we must continue to not only establish ties with other nations, but continue to work on our overall business climate, that remains far from ideal, so that we truly become a desirable destination for foreign investment. Click here to read... [4]

BGB, BSF reaffirm vow to bring down border killings to zero – Dhaka Tribune

A five-day regional commander level border conference between Border Guard Bangladesh (BGB) and Indian Border Security Force (BSF) ended in Kolkata on Wednesday renewing the consensus in bringing down the border killings to zero level…The two sides also agreed to conduct joint patrolling at risky bordering areas, strengthen awareness-raising program and take up various socio-economic development programClick here to read... [5]

Home minister in New Delhi to join international conference on terror financing – Dhaka Tribune

Home Minister Asaduzzaman Khan arrived in India's New Delhi on Thursday to attend an international ministerial conference on how to deal with terror financing, including legitimate and illegitimate funding routes. The third ministerial "No Money for Terror" conference, organized by the Indian government in New Delhi on Friday and Saturday, will be attended by representatives of 76 countries to discuss terrorist financing and related issues. Home ministers of about 20 countries including Russia, France, Australia, Indonesia, and Singapore are expected to participate in the event. Click here to read... [6]

Bhutan

CMD, WAPCOS visited Punatasangchhu Hydroelectric Projects in Bhutan – PSU Connect

Shri R. K. Agrawal, CMD, WAPCOS & NPCC visited Punatasangchhu-I (P-I), 1200 MW and Punatsangchhu-II (P-II), 1020 MW Hydroelectric Projects in Bhutan on 16th November 2022. Shri S. K. Yadav, Managing Director (PHPA-I) and Shri R. K. Chandel, Managing Director (PHPA-II) along with their respective teams were present. WAPCOS is the Engineering Consultant for both the Projects. Click here to read... [7]

Maldives

Maldives: Achieving debt sustainability might prove difficult – ORF Online

Finance Minister Ibrahim Ameer told Parliament that at 108 percent of the GDP, ‘debt sustainability is the biggest target’ of his budget in the new fiscal, beginning in January. In reality, balancing the debt is challenging, especially because the presidential election is due in the last quarter of 2023. Apart from unanticipated expenses that could not be put off as always, in popular democracy, demands from various sections, both within Parliament and outside, will entail additional allocations.

Maldives become member of AOSSG – The edition

The Institute of Chartered Accounts of the Maldives (CA Maldives) has become a member of the Asian Oceanian Standard Setters Group (AOSSG). Maldives became a member of the accounting standard-setters in the Asian-Ocean region at the 2022 Annual AOSSG Meeting held in Nepal. Pursuant to the Chartered Accountants Act (Act No. 13/2020) CA Maldives is the legal body mandated to regulate and set accounting and auditing standards in the country. Click here to read... [8]

Myanmar

A Must-Read Guide to Myanmar Junta’s Deadly Air Strikes – The Irrawaddy

Since shortly after the coup, the Myanmar military regime has been consistently launching air strikes across the country in an attempt to crush local resistance forces it designates as “terrorist” groups. As the junta is losing the ground battle, the aerial bombing campaign has sharply escalated in recent months with near daily attacks in the resistance strongholds of Sagaing and Magwe regions and Kayah, Karen and Chin states. Using helicopters, jet fighters and surveillance drones, the junta has also deliberately and indiscriminately attacked civilian targets in those areas, inflicting heavy casualties on local residents including children. Click here to read... [9]

Myanmar Will Not Hold an ‘Election’ in August 2023 – The Irrawaddy

An election is understood to mean “a formal and organized choice by vote of a person for a political office or other position.” Myanmar’s junta has claimed it will organize an ‘election’ for August 2023. Don’t call it what it isn’t. The junta’s event, whatever it is and looks like, will in no way be an election. If analysts, media, and diplomats use the term ‘election’, the onus is on them to justify and prove why and how exactly it wasn’t legitimate when in fact it wasn’t even what happened. Click here to read... [10]

Some Political Prisoners Among Almost 6,000 Freed in Myanmar Junta Amnesty – The Irrawaddy

Myanmar’s military regime released some political prisoners including a minister from the country’s ousted National League for Democracy (NLD), the party’s spokesperson, a former student leader and an anti-regime activist Buddhist monk among almost 6,000 prisoners granted amnesty on Thursday. Click here to read... [11]

Click here to read... [12]

Nepal

Ruling alliance appeals for votes for its candidates – The Kathmandu Post

In a joint appeal issued a few hours before the commencement of the silence period, the four-party alliance solicits votes promising political stability and prosperity. The coalition said that the threat of regression has not yet subsided, and said that if the alliance does not get a majority, the same trend may return. The leaders have claimed that the goal of the alliance is to prevent any kind of attack on the constitution and raise the country to the level of a developing country by completing development projects on time. Click here to read... [13]

Interview: 'Monarchy in Nepal Will Mean More Respectful Ties With India, China': RPP Leader – The Wire

Asserting that a return to monarchy would help Nepal to build a strong bulwark against foreign interference, a senior official of Nepal’s pro-royal party also noted that the border controversy – or the new political map depicting disputed territories under India’s control – is not an issue that will find resonance with the electorate in the current general elections. With Nepali citizens disenchanted with traditional politics, RPP hopes to capture some of the frustration this time with more votes. Click here to read... [14]

Forex reserves increase by $130m in one month – The Himalayan Times

Significant improvement in remittance inflow coupled with import restrictions on certain non-essential goods seem to have propped up the country's foreign exchange reserves, which rose by $130 million in the one-month period between mid-September and mid-October, as per the latest macroeconomic update unveiled by the Nepal Rastra Bank (NRB) today. Click here to read... [15]

Pakistan

‘Unrealistic’ flood cost baffles IMF: The Express Tribune

Pakistan on Thursday had to concede to the International Monetary Fund’s (IMF) demand to exhibit the flood reconstruction cost in this year’s budget after the global lender found the projected relief operation estimates of Rs251 billion or $1.1 billion “unrealistic”. Click here to read... [16]

Imran believes threat to his life still very much there: The Express Tribune

PTI Chairman and former premier Imran Khan has said that there still remained a threat to his life even after an assassination attempt in Wazirabad earlier this month. Imran was wounded on November 3 in the shooting at a rally, part of a rolling march that he has led to press for a general election, since he was ousted in a parliament vote in April. Click here to read... [17]

‘Neither president nor PTI will object to new COAS appointment’: The News

Pakistan Tehreek-e-Insaf chief Imran Khan and his party will neither want a confrontation with the new military establishment nor President Dr Arif Alvi will show any resistance or create any hurdle in the appointment of the army chief by Prime Minister Shehbaz Sharif, a senior PTI leader has claimed. Click here to read... [18]

PM Shehbaz Sharif consults PDM on army chief appointment: The News

Prime Minister (PM) Shehbaz Sharif has made consultations with the senior leadership of allied parties of the government prior to the appointment of the new army chief. The allied parties have reportedly fully mandated the premier for making the appointment as per set procedure and traditions. Click here to read... [19]

Sri Lanka

Sri Lanka – South Africa ties based on economic cooperation and investment – Daily News

South African President Cyril Ramaphosa who was in Sri Lanka for a short visit on Wednesday (16) after attending the G20 Summit in Bali, Indonesia met with President Ranil Wickremesinghe at the Katunayake Air Force base for bilateral discussions. The discussions were focused on further strengthening the bilateral relationship aiming at economic cooperation and investment, expanding tourism in Sri Lanka, and receiving South African assistance, guidance and counseling in setting up a credible truth-seeking mechanism to achieve a lasting reconciliation amongst communities.The two state leaders exchanged mementoesClick here to read... [20]

Reforms and Investor Confidence – Daily News

Realising this imperative need, President Wickremesinghe presented a reforms-filled Budget 2023, in his capacity as the Minister of Finance earlier this week. The budget is aimed at making the Government less of a burden on the Treasury and the Government would make reforms to change the economy. At the same time he dismissed the critics who alleged that the reforms were done due to the conditions laid down by the International Monetary Fund (IMF). “The economic reforms we are bringing are not limited to the reforms agreed upon with the IMF. The economic reforms proposed by the IMF are limited to economic stabilisation only,” he said. He did not refrain from telling the people about the truthful situation in the country. “There is no future for the country by continuing on this popular path. There is no prosperity for the country by giving concessions while being in debt to others. So, let’s get out of this situation now. Let’s change our thinking patterns.” Click here to read... [21]

President to inaugurate Sri Lanka Economic Summit on Dec. 5 – Daily News

The upcoming Sri Lanka Economic Summit 2022, (SLES 2022) one of the most anticipated annual economic event in Sri Lanka, will be inaugurated by the Chief Guest, President Ranil Wickremesinghe, under the theme Resetting from Turmoil to Opportunity on December 5, at the Shangri-La Hotel, Colombo. SLES 2022 is scheduled to be held on December 5 and 6 as a hybrid summit. This year the Summit will focus on key levers that will lead to macroeconomic stability, charting a course toward sustainable revival as the country embarks on the monumental task of economic recovery. Click here to read... [22]