Laos Temporarily Bans Import, Export Of Cattle Amid Disease Outbreak

VIENTIANE, Jun 3 (NNN-KPL) – The Lao government temporarily banned the import and export of cattle, beef, and other bovine products, to prevent the spread of an infectious skin disease. The Department of Livestock and Fisheries, under the Lao Ministry of Agriculture and Forestry, issued a notice on Monday, ordering…

S.Korea’s Foreign Reserves Hit New High At 456.46 Billion USD

SEOUL, Jun 3 (NNN-YONHAP) – South Korea’s foreign reserves hit a new record high last month, as weak U.S. dollar raised conversion value of non-dollar assets, central bank data showed today. Foreign currency reserves reached a new high of 456.46 billion U.S. dollars at the end of May, up 4.15…

Vietnam’s Garment Export Up 15 Percent In Five Months

HANOI, Jun 3 (NNN-VNA) – Vietnam raked in over 12.2 billion U.S. dollars from exporting textile and garment, between Jan and May, up 15 percent against the same period last year, according to the country’s General Statistics Office today. In May alone, Vietnam’s textile and garment exports rose 35.1 percent…

Singapore’s Manufacturing PMI Falls To 50.7 In May

SINGAPORE, Jun 3 (NNN-CNA) – Singapore Institute of Purchasing and Materials Management (SIPMM), announced yesterday that, the Singapore purchasing managers’ index (PMI), an early indicator of manufacturing activity, declined from 50.9 in Apr to 50.7 in May. This is the 11th month of expansion for Singapore’s overall manufacturing sector, but…

U.S. Firms Face Rising Costs, Labour Shortages Amid Supply Chain Disruptions: Fed Survey

WASHINGTON, Jun 3 (NNN-XINHUA) – U.S. firms are facing rising costs and labour shortages, amid supply chain disruptions, according to a Federal Reserve survey, released yesterday. “Several Districts cited the positive effects on the economy of increased vaccination rates and relaxed social distancing measures, while they also noted the adverse…

Thai Parliament Passes 99.7 Billion USD Budget Bill At First Reading, Economy Growth Predicted At 4.0-5.0 Percent In 2022

BANGKOK, Jun 3 (NNN-TNA) – Thailand’s House of Representatives, yesterday, approved in principle a 3.1 trillion baht (about 99.7 billion U.S. dollars) budget bill, for the 2022 fiscal year. Following a three-day debate, government MPs cast 269 votes against 201 votes cast by opposition MPs, to pass the first reading…

Lockdown Renewed In Kathmandu Valley To Curb COVID-19 In Nepal

KATHMANDU, Jun 3 (NNN-XINHUA) – Nepali authorities decided yesterday, to extend the lockdown for 10 more days, which has been put in place in the Kathmandu Valley since late Apr, as the number of COVID-19 cases remains high in the country. A joint meeting of chief district officers of the…

Sri Lanka Halts Towing Burnt X Press Pearl Ship

COLOMBO, Jun 3 (NNN-XINHUA) – The Sri Lankan Navy, yesterday said that, operations to tow the burnt X Press Pearl ship had been halted, after the rear end of the vessel had hit the sea bed. Navy Spokesman, Captain Indika De Silva, told Xinhua that, following a few hours of…

Brazil Reports 2,408 More COVID-19 Deaths

SAO PAULO, Jun 3 (NNN-CMA) – Brazil reported 2,408 more deaths from COVID-19, taking the nationwide tally to 465,199, the Ministry of Health said. A total of 78,926 new infections were detected, raising the caseload to 16,624,480, the ministry said. Brazil has the world’s second highest COVID-19 death toll, after…

Kenya Plans To Increase Labour Exports To Boost Remittances

NAIROBI, Jun 3 (NNN-KBC) – Kenya plans to boost labour exports, in order to enhance remittances from the diaspora, a senior government official said yesterday. Simon Chelugui, cabinet secretary of the Ministry of Labour and Social Protection, told journalists in Nairobi, the number of Kenyans in the diaspora is estimated…