Neighborhood News Digest – 24 January 2023

Afghanistan

Reviewing engagement with Taliban on human rights violation in Afghanistan: US – The Print

The US is reviewing its approach and engagement with the Taliban regime in context of the slew of human rights violations taking place in Afghanistan, a top official in the Biden administration has said, emphasising that Washington is actively evaluating with its allies and partners to take the next appropriate steps towards it. Click here to read... [2]

China inches closer to Afghanistan's rare Earth reserves with new oil deal – India Today

Chinese Xinjiang Central Asia Petroleum and Gas Co (CAPEIC) signed a deal with Taliban-led Afghanistan in the capital city of Kabul. The acting Minister of Mines and Petroleum for the Taliban, Sheikh Shahabuddin Dilawar, on January 5 announced the deal in which the Chinese company would extract oil from the Amu Darya basin located in the northern part of Afghanistan. Click here to read... [3]

Iran Seeks Commitment to Water Treaty – Tolo News

Iran has once again sought commitment from Afghanistan to the Helmand River Treaty signed between the two sides in 1973. Iran’s newly appointed ambassador to Kabul, Hassan Kazemi Qomi, in a meeting with Acting Foreign Minister Amir Khan Muttaqi said Afghanistan's water resources should be managed to prevent waste and protect Iran's water rights from it. In this meeting, Muttaqi assured the Iranian ambassador that Afghanistan is committed to the Helmand Water Treaty, said a foreign ministry spokesman Zia Ahmad Takal. Click here to read... [4]

Bangladesh

BNP-Jamaat ‘clique’ conspiring ahead of polls: minister – Daily Star

BNP-Jamaat and the far left and right quarters are conspiring as the election inches closer, Liberation War Affairs Minister AKM Mozammel Haque told parliament yesterday. In a scripted answer, the minister said a section of people are trying to create unrest. "Jamaat-BNP... the far left, far right, associated with it... have become active in conspiracy ahead of the election. They do not see the achievements of Awami League." Click here to read... [5]

Initiatives should be inclusive – Daily Star

Chinese Ambassador to Bangladesh Yao Wen has opposed any regional or global initiative that is unilateral, exclusive, meant to create confrontation and against any country. "Any sort of initiative either by the US or other countries … they need to be open, inclusive. They should not be unilateral, exclusive or against any country," said the newly appointed Chinese envoy after a meeting with Foreign Minister AK Abdul Momen at the ministry yesterday. Click here to read... [6]

How the Bangladesh economy might fare in 2023 - TBS

Critical reforms in the taxation sector, banking sector, capital market, trade policy, and management of the exchange rate are long overdue. Such reforms, along with the faster and cost-effective implementation of some megaprojects and SEZs, are expected to make the economy more resilient. Click here to read... [7]

Bhutan

Parties in search of female candidates - Kuensel

Women had taken part in politics, with some of them at the helm of governance and leading political parties as party president. However, even with studies showing widespread public acceptance of female politicians, women’s political participation remains low still. Click here to read... [8]

Maldives

Maldives backs India for '28-29 UNSC seat - Tribune India

As India seeks another term for two years at the UN Security Council, the Maldives has said it would support its candidature for a non-permanent seat for the 2028-29 term. “The Government of Maldives has decided to support India’s candidature for a non-permanent seat of the UNSC for the 2028-29 term. The decision was taken following Minister of External Affairs S Jaishankar’s visit from January 18 and 19,” said the Maldives’ Foreign Ministry. Click here to read... [9]

Myanmar

Indian Coast Guard evacuates injured Myanmar national from sea - New Indian Express

THE Indian Coast Guard’s (ICG) advanced light helicopter on Monday evacuated an injured Myanmar national from a vessel of Singapore, about 80 nautical mile (148 km) east-northeast of Paradip. Motor tanker GB Venture had developed a mechanical snag and was anchored about 40.5 nautical mile south of Sagar. One crew member Than Htike Lwin sustained blunt abdominal trauma while carrying out maintenance of a hydraulic pipeline. Click here to read... [10]

Myanmar: Japan’s Construction Aid Benefits Junta - HRW

Japan’s Yokogawa Bridge Corp. apparently transferred over US$1 million in 2022 to Myanmar Economic Corporation (MEC), which is owned by Myanmar’s abusive military, for a Japanese government development aid project, Human Rights Watch said today. Click here to read... [11]

Myanmar plunges deeper into economic crisis - East Asia Forum

After nearly two years of military rule, Myanmar remains trapped in conflict, facing increasing political instability and a growing humanitarian crisis. While businesses and the labour market had already been affected by the COVID-19 pandemic, post-coup instability has done even more damage to Myanmar’s economy. Click here to read... [12]

Nepal

'Snow-capped mountains turning black’ - The Himalayan Times

Until some years back, the mountainous ridges were seen with snow-capped during the winter season.There used to be a huge inflow of foreign tourists here to take joy of majestic beauty of the Himalayas and play with snow. But, the silver-like glittering mountains are now turning to be black rocks arguably due to the effects of climate change. Consequently, the popular tourism hotspots of Sindhupalchowk – Helambu and Panchpokhari – are losing their identity as the prime tourist destinations. Click here to read... [13]

Banned Practice of Isolating Menstruating Women Still Prevails in Nepal - News18

Menstruation is a monthly occurrence for women. The process is biological and natural, but there’s a lot of taboo and stigma around it. These taboos have often restricted women to take part in various activities at home in India and some other Asian countries too. This has been going on for centuries. One such tradition is Chaupadi. It is a practice in Nepal that restricts women from taking part in any household activities during their periods. They are even not allowed to stay inside their house. Click here to read... [14]

Pakistan

Hours after major outage hits Pakistan, govt says power restoration under way – Dawn

A massive power cut across Pakistan continued after night fell on Monday, affecting most of the country’s 220 million residents, including in the metropolises of Karachi and Lahore. Energy Minister Khurram Dastgir said on Monday night, more than 12 hours after the breakdown occurred, that officials had begun restoring electricity across the country. Click here to read... [15]

Govt wary of IMF-mandated ‘tough decisions’ in an election year – Dawn

The government’s fear of losing popularity before the elections seems to be keeping Pakistan from finalising a deal with the International Monetary Fund (IMF) that could stabilise the economy. Official and diplomatic sources told Dawn on Monday that both sides were still discussing the seven demands that the IMF wants Pakistan to accept before it resumes economic assistance to the country. Click here to read... [16]

Pakistan has no money to hold elections? 10 worrisome economic indicators - Mint

Amidst growing concerns of economic turmoil, Pakistan media has quoted Pakistan Democratic Movement (PDM) Spokesperson, Hafiz Hamdullah indicating that if the situation does not improve the upcoming elections will be suspended. Pakistan's foreign exchange reached a record low of $ 4.56 billion, which can cover only three weeks of imports, according to a Geo News report. Click here to read... [17]

Govt chalks out strategy to tackle Rs1.64tr circular debt in gas sector – Geo News

The government has developed a comprehensive plan to address Rs 1,640 billion circular debt in the gas sector, reported The News. The plan includes securing dividends of Rs 800-850 billion from the two gas utilities, SNGPL and SSGCL, as well as increasing the tariff and adjusting existing slabs to protect lower income consumers from a rise in gas prices. In a bid to break the deadlock with the IMF, the government is working on a plan to remove the circular debt for the energy sector, electricity and gas, which has crossed Rs4.1 trillion figure. Click here to read... [18]

Sri Lanka

God won’t change your destiny until you change yourself – Daily Mirror

The leaders of the two ruling parties, the United National Party (UNP) and Sri Lanka Podujana Peramuna (SLPP) for obvious reasons are arguing that the local government elections which are scheduled to be held on March 9 would not bring solutions to the economic issues that the country is currently faced with. Click here to read... [19]

Is debt cancellation the way forward for Sri Lanka? - Aljazeera

More than 180 prominent economists and development experts from around the world have made a global appeal to Sri Lanka’s financial lenders to forgive its debt, even as other experts are not convinced it is the best way forward for the island nation. According to World Bank estimates, Sri Lanka has an external debt burden of more than $52bn as of December. Of that, nearly 40 percent is owed to private creditors, including financial institutions, while the rest is owed to bilateral creditors where China (52 percent), Japan (19 percent) and India (12 percent) are the largest ones. Click here to read... [20]

Anatomy of sovereign insolvency of Sri Lanka – Daily FT

The purpose of this essay is to highlight the specific blunders by successive Governors of the Central Bank of Sri Lanka and members of the Monetary Board since 2006 that has led to the current crisis, and hold them accountable for their actions and/or inactions over a period of 16 years (July 2006-April 2022). Authority and power come with accountability and responsibility. Click here to read... [21]