S.Korean Currency Tumbled After Fed’s Rate Hike

SEOUL, Sept 23 (NNN-YONHAP) – South Korea’s currency tumbled yesterday, after U.S. Federal Reserve’s rate hike led to a strong U.S. dollar. The won/dollar exchange rate finished at 1,409.7 won per dollar, up 15.5 won from the previous close. It marked the highest close in more than 13 years, since…

Bangladesh’s Forex Reserves Fall To Two-Year Low

DHAKA, Sept 23 (NNN-BSS) – The central bank of Bangladesh, yesterday said, the foreign exchange reserves of Bangladesh fell below 37 billion U.S. dollars – the lowest since Jul, 2020. According to the provisional data from the Bangladesh Bank, the country’s foreign exchange reserves stood at 36.85 billion dollars as…

ADB Approved 100 Million-USD Loan To Improve Health Care In NW Pakistan

ISLAMABAD, Sept 23 (NNN-APP) – The Asian Development Bank (ADB), has approved a 100 million-U.S. dollar results-based loan, to help strengthen the quality of secondary health care in Pakistan’s north-west Khyber Pakhtunkhwa province, the ADB said yesterday. The programme will help improve the delivery of health services at secondary hospitals,…

Philippine Economic Managers Downplay Weak Peso Despite Depreciation

MANILA, Sept 23 (NNN-PNA) – The Philippine currency, peso, continued to slide to record lows to the U.S. dollar, while the government’s economic managers downplayed the continued depreciation, saying, the weak currency is favourable to the country. Abdul Abiad, the Asian Development Bank (ADB), Macroeconomic Research Division director, said that,…

Mideast Countries Set To Suffer More As U.S. Fed Continues To Hike Rates

CAIRO, Sept 23 (NNN-MENA) – As the U.S. Federal Reserve raised its benchmark rates by 0.75 percentage points on Wednesday, the third such rate hike in a row, and the fifth increase in a year, Middle Eastern countries look set to suffer more from their already dramatic depreciation in the…

Pakistani Minister Called On University Students To Support Flood-Affected Mothers, Children

ISLAMABAD, Sept 23 (NNN-APP) – Pakistani Minister for Planning, Development and Special Initiatives, Ahsan Iqbal, urged the country’s students to become community mobilisers and prepare food for children and mothers in flood-affected areas. Iqbal made the appeal here, while addressing the conference on International Day of Peace, organised by Pakistan’s…

Malaysia’s Leading Index Remained Stable At 109.5 Points In July

KUALA LUMPUR, Sept 22 (NNN-BERNAMA) – Malaysia’s leading index (LI), which predicts the economic direction on average of four to six months ahead, remained stable, by registering 109.5 points in July, as compared to 105.2 points a year ago. This corresponds to LI growth of 4.1 percent year-on-year, lower than…

Indonesia Took Steps To End Dependence On Soybean Imports

JAKARTA, Sept 22 (NNN-ANTARA) – Indonesia is stepping up efforts to end the country’s reliance on soybean imports, as President Joko Widodo instructed the National Food Agency (BPN) to set a reference selling price, for soybeans grown by local farmers. The planned reference price is to encourage farmers to grow…

27 Killed In Southern Pakistan As Spread Of Dengue Intensified

ISLAMABAD, Sept 22 (NNN-APP) – The spread of dengue fever in Pakistan continued to get severe as 27 patients died in the country’s southern Sindh, so far this month, the provincial health department reported. All the deaths were reported from Karachi, Sindh’s capital and the largest city in the country.…

Palestine Counts On Mobilising UNGA Support For Saving Mideast Two-State Solution

RAMALLAH, Sept 22 (NNN-WAFA) – Palestine is counting on mobilising the support of the United Nations General Assembly (UNGA), for the Palestinian cause and saving the two-state solution, which is threatened by Israeli policies, Palestinian media reported yesterday. Palestinian President, Mahmoud Abbas, who is currently in New York to participate…