Laos To Resume That Luang Festival To Boost Economic Recovery

VIENTIANE, Oct 22 (NNN-KPL) – The Lao government is scheduled to resume the annual That Luang Festival, so as to boost economic recovery and preserve the country’s cultural traditions, after it was cancelled for the past two years due to the COVID-19 pandemic. The Lao authorities are inviting businesses from…

U.S. Dollar Skidded As Japanese Yen Rebounded Sharply

NEW YORK, Oct 22 (NNN-NHK) – The U.S. dollar weakened yesterday, while the Japanese currency staged a sharp rebound. The dollar index, which measures the greenback against six major peers, fell 0.79 percent to 111.9900 in late trading. The yen rallied noticeably against the U.S. dollar, after hitting a fresh…

German Bundestag Approved A 200-Billion-Euro Fund To Fight Energy Crisis

BERLIN, Oct 22 (NNN-XINHUA) – The German lower house of Parliament (Bundestag), yesterday approved a “defensive umbrella” against the energy crisis, in the form of a 200-billion-euro (196-billion-U.S. dollar) fund. “This is good news for anyone looking at their utility costs with concern, and for trades and businesses,” Chancellor Olaf…

EU Leaders Agreed On Roadmap To Tackle Rising Energy Prices

BRUSSELS, Oct 22 (NNN-XINHUA) – Leaders of European Union (EU) member states, yesterday agreed on a roadmap of measures, to protect European consumers from soaring energy prices. The agreement was reached after several hours of discussions, over proposals to lower energy bills, which have skyrocketed, due to the conflict between…

Brunei’s Private Property Price Dropped 0.9 Percent In Second Quarter

BANDAR SERI BEGAWAN, Oct 22 (NNN-ANN) – Brunei’s property price recorded a year-on-year drop of 0.9 percent, in the second quarter this year, the country’s central bank said, yesterday. According to the latest statistics from the Brunei Darussalam Central Bank, the Brunei Darussalam Residential Property Price Index (RPPI) was at…

ADB Approved 1.5 Billion USD To Promote Social Protection, Food Security In Pakistan

ISLAMABAD, Oct 22 (NNN-APP) – The Asian Development Bank (ADB), has approved 1.5 billion U.S. dollars in financing, to help Pakistan provide social protection, promote food security and support employment for its people, amid devastating floods, the ADB said, yesterday. The loan is part of ADB’s significant response package, to…

Floods Hurt Australian GDP Growth Forecast, Push Up Vegetable Prices

CANBERRA, Oct 21 (NNN-AAP) – Flooding in Australia’s south-east will harm the country’s projected economic growth, the treasurer confirmed. Ahead of handing down his first federal budget on Tuesday, Jim Chalmers, today said, modelling suggests, floods in Tasmania, New South Wales and Victoria will wipe 0.25 percent off, gross domestic…

9,065 Families Voluntarily Moved Out Of Cambodia’s Famed Angkor Area So Far: PM

SIEM REAP, Oct 21 (NNN-AKP) – At least 9,065 families, living in illegal structures in the 401-square-km Angkor Archaeological Park, have so far volunteered to resettle at new designated areas, Cambodian Prime Minister, Samdech Techo Hun Sen, said today. The relocated sites are situated in the Run Ta Ek eco-village…

Cambodia, Timor-Leste Signed Deals To Boost Bilateral Ties

PHNOM PENH, Oct 21 (NNN-AKP) – Cambodia and Timor-Leste, yesterday, signed two deals to boost bilateral ties and cooperation, a Cambodian senior official said. Cambodian Prime Minister, Samdech Techo Hun Sen, and visiting Timor-Leste President, Jose Ramos-Horta, presided over the signing ceremony of the documents, after their meeting at the…

Japanese Yen Slumped To 32-Year Low Vs. U.S. Dollar, Nikkei Ended Lower On U.S. Recession Woes

TOKYO, Oct 21 (NNN-NHK) – The Japanese yen dropped past the psychologically important 150-level versus the U.S. dollar yesterday, marking the first time the currency has dropped to this level since 1990. Market analysts here said, the U.S. dollar was bought on continued speculation the U.S. Federal Reserve will forge…
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