New US restrictions against Taliban for bans on women

WASHINGTON, Feb 2 (NNN-AGENCIES) — US Secretary of State Antony Blinken announced new visa restrictions against the Taliban Wednesday in response to bans on employment and education for women in Afghanistan. “I am taking action today to impose additional visa restrictions on certain current or former Taliban members, members of…

Indian tycoon Gautam Adani’s firm aborts US$2.5 billion share sale as stocks slump

NEW DELHI, Feb 2 (NNN-Bernama) — Indian tycoon Gautam Adani’s flagship company Adani Enterprises on Wednesday cancelled its US$2.5 billion share offering amid a rapid erosion in the conglomerate’s market value. The company’s 200 billion rupees (about US$2.5 billion) follow-on public offering (FPO) was fully subscribed on the final day…

Malaysian gold market to move south in 2023, bucking international gold market trend – Public Gold

By Durratul Ain Ahmad Fuad KUALA LUMPUR, Feb 2 (NNN-Bernama) — The Malaysian gold market is expected to trade lower this year amid lingering fears of global recession coupled with the Bank Negara Malaysia’s (central bank) four times overnight policy rate (OPR) hike in 2022, says Public Gold executive chairman Wira…

Living Costs Increase For All New Zealand Household Groups

WELLINGTON, Feb 2 (NNN-XINHUA) – Increasing prices continued to affect all household groups in the 12 months to Dec, 2022, New Zealand’s statistics department, Stats NZ said, today. The cost of living for the average household, as measured by the household living-costs price indexes (HLPIs), increased by 8.2 percent in…

Indonesia’s Inflation Eased In Jan

JAKARTA, Feb 2 (NNN-ANTARA) – Indonesia recorded an inflation of 5.28 percent year-on-year in Jan, the lowest since Aug, 2022, but it still exceeded the central bank’s target, according to Statistics Indonesia, BPS, yesterday. BPS head, Margo Yuwono, said, this figure was eased compared to 5.51 percent year-on-year, in Dec…

Malaysian ringgit stronger after smaller US rate hike

KUALA LUMPUR, Feb 2 (NNN-Bernama) — Malaysian ringgit appreciated against the US dollar Thursday morning following the United States (US) Federal Reserve’s (Fed) encouraging move to slow the pace of its interest rate hikes during its recent meeting.  At 9 am, the ringgit strengthened to 4.2280/2350 versus the greenback compared with 4.2655/2700 at Tuesday’s…

Bursa Malaysia rebounds on bargain hunting

KUALA LUMPUR, Feb 2 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, rebounded from the strong broad-based sell-down on Tuesday to open higher this morning, supported by bargain hunting activities, a dealer said. At 9.05 am Thursday, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 5.93 points to 1,491.43  from Tuesday’s close of 1,485.50. The key…

Indian Finance Minister Presented Annual Budget With Tax Relief

NEW DELHI, Feb 2 (NNN-PTI) – India’s Finance Minister, Nirmala Sitharaman, yesterday, presented the country’s General Budget for the 2023-24 fiscal year, to parliament. It is Sitharaman’s fifth budget as finance minister. “This budget hopes to build on the foundation laid in the previous budget, and the blueprint drawn for…

India’s military expenditure goes up 13 per cent in new budget

NEW DELHI, Feb 2 (NNN-Bernama) — India’s military expenditure has gone up by 13 per cent in the national budget for financial year 2023-24 starting April. The government has allocated 5.93 trillion rupees for the defence sector compared with 5.25 trillion rupees in the 2022-23 budget. In terms of US dollars, military spending…

Saudi Arabia to host first ever Asian Cup in 2027

From Vikneswaran Raman MANAMA (Bahrain), Feb 2 (NNN-Bernama) — The Kingdom of Saudi Arabia has been given the green light to host the Asian Cup for the first time ever in 2027. Despite being one of the most successful teams in the continent, having won the Asian Cup three times (1984, 1988…
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