Vietnam’s Inflation May Surpass Four Percent This Year: Banks

HANOI, May 26 (NNN-VNA) – Vietnam is expected to make a stronger economic recovery in 2022, with GDP growth at 5.5 to six percent, but inflation may stand at 3.8 to 4.2 percent, said a report released yesterday. The country will enjoy higher GDP growth and keep inflation under four…

Karot Hydropower Project To Generate Eco-Friendly, Cheap Electricity: Pakistani PM

ISLAMABAD, May 26 (NNN-APP) – Pakistani Prime Minister, Shahbaz Sharif, said yesterday that, the Karot Hydropower Project, a major pilot project under the China-Pakistan Economic Corridor (CPEC), will generate environment-friendly and cheap electricity, promoting green development in Pakistan. “Hydroelectricity is much more cost-effective … it is also a clean source…

High Time For Malaysia To Invest, Increase Trade Ties With Africa – Ambassador

KUALA LUMPUR, May 25 (NNN-Bernama) — Malaysia which has long ties with African countries has been urged to focus on Africa for more trade, investment, tourism and educational ties as the world’s second-largest continent offers numerous opportunities and vast potential for natural resources to be explored for mutual benefits. In…

India Regulates Sugar Exports To Control Prices, Ensure Availability

NEW DELHI, May 25 (NNN-PTI) – India’s federal government, today announced regulation on exports of sugar, in a bid to maintain domestic availability and ensure price stability of sugar in the country. According to an official statement, the federal government decided to cap the export of sugar at 10 million…

Lebanese Currency Sinks To New Record Low

BEIRUT, May 25 (NNN-NNA) – The Lebanese pound, yesterday sank to a new historic low, on the parallel market, amid the country’s unprecedented financial crisis, local media reported. The exchange rate of the Lebanese pound declined to 34,000 against the U.S. dollar, down from the previously record low of 30,000…

Sri Lanka Chooses Two Int’l Firms To Advise On Debt Restructuring

COLOMBO, May 25 (NNN-XINHUA) – Sri Lanka hired two international financial and legal advisors, to help restructure the external debt of the Sri Lankan government, cabinet spokesperson, Bandula Gunawardena, told the media yesterday. He said that, the cabinet of ministers, on Monday, approved hiring an international financial advisory service provider…

Aussie state of New South Wales to ban single-use plastic bags

SYDNEY, May 25 (NNN-AGENCIES) – The Australian state of New South Wales (NSW), is gearing up to institute its total ban on single-use plastic bags, as it looks to slowly phase out all single-use packaging in the state. From June 1, all single-use bags would be banned in the state,…

Afghan Refugees Hold U.S. Responsible For Worsening Security, Economy In Afghanistan

TEHRAN, May 24 (NNN-IRNA) – Battered and bruised by hardships, Abdollah Saebi, an Afghan in his late 40s, looks much older than his age. A former teacher and farmer in Afghanistan, Saebi is now a refugee, earning a hard living, in the Iranian capital, Tehran, as watchman to support his…

Saudi Telecom Partners With Chinese Tech Firm Alibaba On Cloud Services

RIYADH, May 24 (NNN-SPA) – Saudi Telecom Company (STC), entered into a joint venture with Chinese tech giant, Alibaba Group, to launch a cloud services company in Riyadh, with an initial investment of 238 million U.S. dollars. The new company, Alibaba Cloud, was also formed in partnership with the Saudi…

Turkey Logs 2.57 Million Foreign Arrivals In Apr

ANKARA, May 24 (NNN-ANADOLU) – Foreign arrivals in Turkey surged by 225.6 percent, year-on-year, to 2.57 million in Apr, the official figures showed yesterday, as the country is trying to recover from the impact of COVID-19. The number of foreign visitors hosted in the Jan-Apr period this year increased by…
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