Export Ban Not The Answer To Consumer Goods Price Hike In Malaysia – World Bank Economist

KOTA KINABALU (Sabah, Malaysia), June 13 (NNN-Bernama) — Banning exports is not the answer to consumer goods price hike in Malaysia and it must not be seen as a long-term action to resolve the problem, said World Bank Group lead economist Dr Apurva Sanghi. He said although the move can put a (degree…

Syrian PM Urges Quicker Repair Of Damascus Airport Following Israeli Strikes

DAMASCUS, Jun 13 (NNN-SANA) – Syrian Prime Minister, Hussein Arnous, yesterday urged a quicker repair of the damage, caused by the latest Israeli missile strikes to the airport of the capital, Damascus. Arnous made the call during his visit to the airport, where he was briefed on the damage to…

WTO’s 12th Ministerial Meeting Opened In Geneva

GENEVA, Jun 13 (NNN-AGENCIES) – The World Trade Organisation’s (WTO), 12th Ministerial Conference (MC12), opened yesterday at WTO headquarters in Geneva, Switzerland. During the four-day meeting, members will hold discussions on such issues as TRIPS (Trade-Related Aspects of Intellectual Property Rights) waiver, for COVID-19 vaccines, pandemic response, fishery subsidies, agriculture,…

Afghanistan Injects 11 Million USD To Stabilise Local Currency

KABUL, Jun 13 (NNN-ANA) – Afghanistan’s central bank injected 11 million U.S. dollars into the local market, in a bid to strengthen the national currency, afghani, Da Afghanistan Bank (DAB) said, yesterday. DAB was requesting all eligible banks, foreign exchange and monetary service providers, to participate in the auction, scheduled…

Philippine Peso Remains Stable As Asia Recovers From Pandemic

MANILA, Jun 12 (NNN-PNA) – The Philippine peso continued to be in the middle of the pack of the most stable currencies in Asia, as the region is recovering from the pandemic, the Philippines’ Department of Finance (DOF) said, today. DOF chief economist, Gil Beltran, said, the peso depreciated by…

Bangladesh Appoints New Central Bank Governor

DHAKA, Jun 12 (NNN-BSS) – The Bangladeshi government, yesterday, appointed Abdur Rouf Talukder, as the country’s new central bank governor. Talukder, who is currently serving as senior secretary, at the Finance Division of the Ministry of Finance, will become the new governor of the Bangladesh Bank for the next four…

Iran, Venezuela Sign 20-Year Partnership Agreement

TEHRAN, Jun 12 (NNN-IRNA) – Iranian President, Ebrahim Raisi, and his visiting Venezuelan counterpart, Nicolas Maduro, signed a 20-year partnership agreement yesterday, to boost cooperation in energy, economy, tourism, culture, and politics. Speaking at a press conference, after the signing of the agreement, Raisi said that, Iran has always sought…

Malaysian ringgit likely to trade in cautious mode against US dollar next week

By Siti Radziah Hamzah KUALA LUMPUR, June 11 (Bernama) — The ringgit is expected to trade in cautious mode against the US dollar next week, said an analyst. He said the United States Federal Open Market Committee (FOMC) is expected to deliver another half-a-point rate hike to cool soaring inflation…

Pakistani Gov’t Unveils “Pro-People” Budget For FY23

ISLAMABAD, Jun 11 (NNN-APP) – The Pakistani government, yesterday, proposed its budget for the next fiscal year, with plans to focus on sustainable and inclusive economic growth, with officials calling it a pro-people and balanced budget, amid financial challenging times. Federal Minister for Finance and Revenue, Miftah Ismail, presented the…

Cambodia’s Rubber Export Up Three Percent In First Five Months Of This Year

PHNOM PENH, Jun 11 (NNN-AKP) – Cambodia exported 105,048 tonnes of dry rubber, in the first five months of this year, up three percent compared to the same period last year, said a General Directorate of Rubber report yesterday. The kingdom earned 168 million U.S. dollars in revenue from exports…
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