Herat / Agencies Indian Prime Minister Narendra Modi visited Afghanistan on Saturday to inaugurate a $290 million hydroelectric dam with Afghan President Ashraf Ghani, the latest Indian investment which highlights strengthening ties between the two countries. The 42 megawatt Salma dam in western Herat province, bordering Iran, is one of two major projects carried out under India’s development partnership ...

  Colombo / AFP The IMF on Saturday released the first tranche of a $1.5 billion bailout for Sri Lanka, which is reeling after a government spending spree and facing a balance of payments crisis. The International Monetary Fund said the formal approval of a 36-month loan under its Extended Fund Facility (EFF) will also help Sri Lanka secure another ...

  Hong Kong / Hong Kong Hong Kong railway operator MTR Corp. increased the size of a two-part loan to about HK$25 billion ($3.2 billion), after the city gave the green light for it to resume construction on a high-speed rail link to China earlier this year, people familiar with the matter said. MTR, three-quarters owned by the government, lifted ...