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Sony and Panasonic ratings cut to the junk status level

The Fitch ratings agency has cut the ratings of the tech firms Sony and Panasonic to the level of junk status for the first time. Sony’s rating is dropped by three notches to BB-,while Panasonic’s by two notches to BB.

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Research on the problems faced by Afghan traders

The research center of the Afghanistan Chamber Commerce and Industries (ACCI) has begun their survey on the problems faced by the Afghan traders. Mohammad Qurban Haqjo, Head of the ACCI, said the survey focuses on the economic situation, problems and

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Japan’s million dollar aid to Afghanistan’s agriculture sector

Finance Minister Hazrat Omar Zakhilwal signed the USD 18.5mn contract with Hiroshi Takashi, Japan’s ambassador to Afghanistan, and the Head of the Asian Development Bank, Joji Tokeshi, on Wednesday. The aid money is allocated for construction of cold storage rooms,

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China’s manufacturing sector rebounding

According to the latest figures, China’s purchasing managers index (PMI) stands at 50.4 in the month of November. This is the first time in 13 months that the index has risen above the level of 50. A reading above 50

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Danish government pledges USD 100mn in aid to Afghanistan

Danish Minister for Development Christian Friis Bach during his visit to Balkh announced his country has pledged USD 100mn in aid to Afghanistan over the next five years. He also reassured the Afghan authorities that the international community will remain

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Welfare projects launched in Takhar

About 240 development projects have been executed in northern Takhar province in the districts of Farkhar, Wersj, Kalfagan, Rustaq, Chah Aab, Khwaja Ghar, Baharak and Namak Aab district, as well as the provincial capital. The projects are funded by the

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