WTO chief urges countries not to block food exports

World Trade Organization President (WTO) Ngozi Okonjo-Iweala DAVOS (Switzerland), May 26 (NNN-AGENCIES) — WTO chief Ngozi Okonjo-Iweala urged countries not to block or restrict exports of basic foodstuffs after Russia’s invasion of Ukraine worsened tensions on global food markets. “We’re trying to tell members also on the export prohibition, restriction…

Myanmar Bans Use Of Foreign Currency For Local Payments

YANGON, May 26 (NNN-MNA) – The Central Bank of Myanmar (CBM), yesterday banned foreign currency for local payments, to stabilise the foreign exchange rate in the country. The bank asked government agencies to pay with only Myanmar kyat, saying, the use of foreign currencies for domestic payments could lead to…

Death Toll Rises To 16 In Building Collapse In SW Iran

TEHRAN, May 26 (NNN-IRNA) – The death toll in a 10-story commercial building collapse, in south-western Iran, has risen to 16. The incident, which took place on Monday, in the city of Abadan, has also injured another 38 people, so far. Operations with the participation of 2,000 people are still…

Philippine Congress Proclaims Ferdinand Romualdez Marcos Winner Of Presidential Election

MANILA, May 26 (NNN-PNA) – The Philippine Congress, yesterday, proclaimed Ferdinand Romualdez Marcos, as the winner of the presidential election, succeeding Rodrigo Duterte, who will step down in June, after six years in office. Marcos, son of former president, Ferdinand Marcos, popularly known as Bongbong, defeated incumbent Vice President, Maria…

Hydrogen-Powered Electric Bus To Begin Trial In Aussie State

SYDNEY, May 26 (NNN-AGENCIES) – The Australian state of New South Wales (NSW) announced yesterday that, its first trial of a hydrogen-powered electric bus will begin later this year, in a transition to zero-emission technology. The government is partnering with local and national industry suppliers, to test the future fuel…

More Heavy Rainfall, Flood Forecasts Loom Over Eastern Australia

SYDNEY, May 26 (NNN-AGENCIES) – Weather analyses from Australia’s Bureau of Meteorology (BoM) revealed, more above-average rainfall is possible, in coming winter and spring months. A BoM climate driver update released on Tuesday, forecast the possibility of a negative Indian Ocean Dipole (IOD), which measures differences in sea-surface temperatures across…

Asia Can Play Role In Leading Divided World – Malaysian Pm

TOKYO, May 26 (NNN-Bernama) — Malaysian Prime Minister Ismail Sabri Yaakob proposed to the International Conference on the Future of Asia here Thursday three key points to enable Asia to play a role in leading a divided world. Sharing his views on the matter at the conference, also known as the…

Now Not The Time For World To Remain Divided – Malaysian Pm

TOKYO, May 26 (NNN-Bernama) — Malaysian Prime Minister Ismail Sabri Yaakob, in his speech at the 27th International Conference on the Future of Asia on Thursday, stressed that now is not the time for the world to remain divided. In his debut at the conference, also known as the Nikkei…

Myanmar’s Farmers Provided With Macadamia Saplings, Husking Machines Under LMC Special Fund

YANGON, May 26 (NNN-MNA) – Farmers in central Myanmar’s Pyin Oo Lwin town, have been recently provided with macadamia saplings and husking machines, under the Lancang-Mekong Cooperation (LMC) Special Fund, the Chinese Embassy to Myanmar said, in a statement, yesterday. The Lancang-Mekong Region Macadamia Farmers’ Agricultural Production and Technical Development…

S.Korea Raises Interest Rate To 1.75 Percent

SEOUL, May 26 (NNN-YONHAP) – South Korea’s central bank, today, raised its policy rate by 25 basis points, delivering the first back-to-back rate hikes in almost 15 years, to curb runaway inflation. Bank of Korea (BOK) Governor, Rhee Chang-yong, and other monetary policymakers, decided to lift the benchmark seven-day repurchase…
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