Japan’s Nikkei Dropped To One-Month Low On Europe, U.S. Recession Woes

TOKYO, Dec 17 (NNN-NHK) – Japan’s benchmark Nikkei stock index, closed at its lowest in more than a month yesterday, dragged down by Wall Street’s drop overnight, as interest rate hikes by major central banks raised concern over an economic slowdown. The 225-issue Nikkei Stock Average fell 524.58 points, or…

Bangladesh’s First-Ever Metro To Open In Capital

DHAKA, Dec 16 (NNN-BSS) – Bangladesh’s first-ever metro will begin commercial operations on Dec 28, easing gridlock in capital city Dhaka, an official said, yesterday. “Prime Minister, Sheikh Hasina, will formally inaugurate the Mass Rapid Transit (MRT Line)-6 of the metro rail, from the capital’s Uttara to Agargaon area, at…

Wind, Solar Remain Australia’s Cheapest Electricity Technologies: Report

CANBERRA, Dec 16 (NNN-AAP) – Wind and solar remain Australia’s cheapest options for electricity generation, according to the national science agency. The Commonwealth Scientific and Industrial Research Organisation (CSIRO), and Australian Energy Market Operator (AEMO), today released the annual GenCost report, finding global supply constraints, in the wake of the…

Sri Lanka’s GDP Contracted 11.8 Percent In Q3

COLOMBO, Dec 16 (NNN-XINHUA) – Sri Lanka’s Department of Census and Statistics, said yesterday that, the country’s estimated gross domestic product (GDP) contracted by 11.8 percent, year-on-year, in the third quarter of 2022. The GDP for the third quarter at constant (2015) price was 2,884 billion rupees (7.9 billion U.S.…

Vietnam’s Commercial Banks To Slash Interest Rates As Businesses Struggle With Lower Orders

HANOI, Dec 16 (NNN-VNA) – Many commercial banks in Vietnam pledged to lower lending interest rates by 0.5 to three percentage points, to support businesses, amid falling demand and orders. A total of 16 banks had pledged to slash interest rates, following the State Bank of Vietnam’s decision to expand…

13 Dead, Dozens Trapped In Malaysian Landslide

KUALA LUMPUR, Dec 16 (NNN-BERNAMA) – As of 11.00 am, 13 people have died from the early morning landslide, at a campsite in Batang Kali, said Health Minister, Dr Zaliha Mustafa. The landslide occurred at a popular campsite in the area, Selangor Fire and Rescue Department head, Norazam Khamis, was…

WHO eyes end to Covid, Mpox emergency in 2023

GENEVA, Dec 16 (NNN-AGENCIES) — The World Health Organization said it hoped that Covid-19 would no longer be a public health emergency in 2023, as it urged China to share information that could pinpoint how the pandemic started. As the third anniversary of the original outbreak rolls around, the WHO said…

Indonesia Reassures Tourists, Investors On Concern Over New Penal Code

by Dames Alexander Sinaga JAKARTA, Dec 16 (NNN-XINHUA) – Indonesia is actively popularising its newly approved criminal code, that has been widely criticised in both national and international media, for its potential to discourage tourism and investment in the country. The new penal code, which was ratified by parliament last…

Uzbekistan Announced Winners Of Int’l Bid To Build Three Solar Power Plants

TASHKENT, Dec 16 (NNN-XINHUA) – Energy companies from the United Arab Emirates, Türkiye and France, have won tenders to build and operate three solar power plants, with a total capacity of 500 megawatts (MW) in Uzbekistan, the Uzbek Energy Ministry said, yesterday. According to the results of the tender, Abu…

Tajikistan, Pakistan Agreed To Raise Bilateral Ties To Strategic Cooperation: Pakistani Foreign Ministry

ISLAMABAD, Dec 16 (NNN-APP) – Tajik President, Emomali Rahmon, and Pakistani Prime Minister, Shahbaz Sharif, agreed to further deepen the bilateral relationship between the two countries and raise it to strategic cooperation, for the mutual benefit of their peoples, the Pakistani Foreign Ministry said yesterday. During Rahmon’s two-day visit to…
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