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…

More Airlines Will Resume Flights To Sri Lanka

COLOMBO, Nov 3 (NNN-XINHUA) – Sri Lankan Minister of Tourism, Harin Fernando, said, Russia’s largest charter airline, Azur Air and the flag carrier of France, Air France, will resume flights to Sri Lanka this week. The minister said that, Azur Air will commence flights to Sri Lanka from today, and…

Malaysia’s Manufacturing Sector Lost Further Momentum In Oct

KUALA LUMPUR, Nov 3 (NNN-BERNAMA) – S&P Global Market Intelligence said, the seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI), slipped from 49.1 in Sept to 48.7 in Oct, indicating a slight moderation. The research house said in a statement, the latest PMI reading is representative of approximately…

Bangladesh’s Oct Exports Fell 7.85 Percent

DHAKA, Nov 3 (NNN-BSS) – Bangladesh exported goods worth 4.36 billion dollars in Oct, which was 7.85 percent lower than the same month a year ago, according to the latest official data, yesterday. However, the Export Promotion Bureau (EPB) data, showed that, Bangladesh’s total exports in the first four months…

Singapore’s Manufacturing PMI Declined To 49.7 In Oct

SINGAPORE, Nov 3 (NNN-XINHUA) – The Singapore purchasing managers’ index (PMI), an early indicator of manufacturing activity, dipped 0.2 points from the previous month, to post the second month of continued contraction at 49.7. The latest PMI reading was attributed to a faster contraction in the key indexes of new…

All Freight Stations Of China-Laos Railway In Laos Start Operation

VIENTIANE, Nov 3 (NNN-KPL) – With Muangxay Station starting freight service, all the seven freight stations along the Lao section of the China-Laos Railway have been put into operation. The progress is laying a solid foundation to increase next year’s freight volume of the railway, which was officially opened in…

Myanmar’s Rice Exports Up 20.58 Percent In Oct Year On Year

YANGON, Nov 3 (NNN-MNA) – Myanmar exported over 136,205 tonnes of rice in Oct this year, up 20.58 percent from the same period of last year, according to the Myanmar Rice Federation (MRF), yesterday. The country also exported 26,983 tonnes of broken rice in Oct, compared to 103,417.5 tonnes in…

Singapore Launched New Process To Digitalise Banker’s Guarantees, Insurance Bonds

SINGAPORE, Nov 3 (NNN-XINHUA) – Singapore’s Ministry of Finance (MOF) and the Monetary Authority of Singapore (MAS), yesterday jointly launched a digital process for businesses and individuals, to provide a banker’s guarantee or insurance bond to government agencies, within a day. Singapore’s Deputy Prime Minister and Minister for Finance, Lawrence…
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