Sino-German Business Ties Continue To Build Strong Bridges: BMW CEO

BERLIN, Nov 6 (NNN-XINHUA) – Chinese and German business ties can continue to build strong bridges between the two countries, Oliver Zipse, chairman of the Board of Management of BMW AG, told Xinhua, in a recent interview. Zipse accompanied German Chancellor, Olaf Scholz, on his visit to China Friday, the…

Four Southeast Asian Countries Adopt Action Programme On Tourism Cooperation

PHNOM PENH, Nov 5 (NNN-AKP) – Tourism ministers of Cambodia, Laos, Myanmar and Vietnam (CLMV), adopted a three-year action programme on tourism cooperation, Cambodian Tourism Minister, Thong Khon, said yesterday. The adoption was made during the sixth CLMV Tourism Ministers Meeting, which was convened on Thursday in Cambodia’s Siem Reap…

Cambodia To Export More Milled Rice To China In Coming Years

PHNOM PENH, Nov 5 (NNN-AKP) – Cambodia is expected to export more milled rice to China in coming years, thanks to the entry into force of the Regional Comprehensive Economic Partnership (RCEP) trade deal, and the Cambodia-China Free Trade Agreement (CCFTA) earlier this year, Song Saran, president of the Cambodia…

Chinese Automaker Geely Entered EU Market

BUDAPEST, Nov 5 (NNN-XINHUA) – Chinese automaker, Geely Auto Group, entered the European Union (EU) market by signing an agreement with Hungarian car importer, Grand Automotive Central Europe (GACE) here, yesterday. The deal was signed by Xue Tao, executive deputy general manager of Geely Auto International Corporation, and Viktor Molnar,…

Pakistani Rupee Slightly Increased Against Strong USD

ISLAMABAD, Nov 5 (NNN-APP) – Pakistani rupee recorded a slight recovery despite the constant strengthening of the U.S. dollar against other currencies, as the greenback was traded at 221.92 rupees in the interbank market yesterday, according to the State Bank of Pakistan (SBP). The U.S. dollar closed at 221.95 rupees…

Thai Central Bank’s Monetary Policy To Consider Economic Outlook, Inflation

BANGKOK, Nov 4 (NNN-TNA) – Thailand’s central bank said yesterday that, its monetary policy would take into account the country’s economic outlook, inflation rate and financial stability. Despite the weakening of the Thai baht, the country’s capital flows remained normal, the Bank of Thailand (BOT) Assistant Governor, Chayawadee Chai-Anant said,…

Vietnam’s Cloth Import Up Eight Percent In 10 Months

HANOI, Nov 4 (NNN-VNA) – Vietnam spent over 12.5 billion U.S. dollars on cloth import, in the first 10 months of this year, posting an increase of eight percent year on year, according to the General Statistics Office, yesterday. Between Jan and Oct, Vietnam imported nearly 1.2 million tonnes of…

Indonesia To Raise Cigarette Excise Tax To Reduce Young Smokers

JAKARTA, Nov 4 (NNN-ANTARA) – The Indonesian government decided to increase cigarette excise tax, to reduce the prevalence of young smokers and increase awareness about the dangers of smoking, for 2023 and 2024, Finance Minister, Sri Mulyani, said, yesterday. The meeting on tobacco excise policy, led by President Joko Widodo,…

Malaysia’s Central Bank Lifts Overnight Policy Rate By 25 Basis Points To 2.75 Pct As Expected

KUALA LUMPUR, Nov 3 (NNN-Bernama) — Central bank of Malaysia has raised the overnight policy rate (OPR) by 25 basis points (bps) to 2.75 per cent, the fourth consecutive hike since May this year as the central bank’s monetary policy committee (MPC) decided to further adjust the degree of monetary…

Lebanon Launched National Strategy For Wheat Cultivation

BEIRUT, Nov 3 (NNN-NNA) – Lebanese Agriculture Minister, Abbas Hajj Hassan, yesterday launched a national strategy for wheat cultivation, amid concerns of a wheat crisis in the country, as the Russia-Ukraine conflict continues to evolve. “We developed a plan for distributing seeds to farmers and monitoring the seasons by seeking…
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