Bangladesh Bank To Allow Floating USD-Taka Exchange Rate

DHAKA, Jun 3 (NNN-BSS) – The central bank of Bangladesh, yesterday withdrew fixed U.S. dollar-taka exchange rate, allowing the market to set the price, based on demand and supply. Md Serajul Islam, spokesperson and an executive director of the Bangladesh Bank (BB), made the announcement. The latest BB move aims…

Kuwait To Increase Oil Production To 2.77 Million Bpd In July

KUWAIT CITY, Jun 3 (NNN-KUNA) – Kuwait yesterday announced that, its oil production will rise to nearly 2.77 million barrels per day (bpd) in July. Kuwaiti Deputy Prime Minister and Oil Minister, Mohammad Al-Fares, made the announcement, after participating in the 29th Organisation of the Petroleum Exporting Countries (OPEC) and…

Pakistan To Counter Disinformation, Propaganda Against CPEC: National Assembly Speaker

ISLAMABAD, Jun 3 (NNN-APP) – Speaker of the National Assembly of Pakistan, Raja Pervaiz Ashraf, said yesterday that, his country would leave no stone unturned to counter a malicious disinformation campaign, against the China-Pakistan Economic Corridor (CPEC), a flagship project of China’s Belt and Road Initiative. “CPEC has, over the…

India’s Sugar Export Ban Comes Into Effect

NEW DELHI, Jun 2 (NNN-PTI) – The Indian government’s sugar exports ban came into effect yesterday, officials said. The ban will be in place until the end of Oct. Last week the government decided to put a cap on sugar exports to ensure domestic availability. “Export of sugar (raw, refined…

Petrol Prices Up For 10th Time In Vietnam This Year

HANOI, Jun 2 (NNN-VNA) – The petroleum prices in Vietnam broke its own record, after being adjusted up for the 10th time, so far, this year. From yesterday, the price of RON95 bio-fuel per litre was raised by 921 Vietnamese dongs (around 0.04 U.S. dollars) to 31,578 Vietnamese dongs (1.37…

India’s Four-Wheeler Auto Sales In May Report Robust Growth On Easing Chip Shortage, Demand

MUMBAI, Jun 2 (NNN-PTI) – India’s four-wheeler auto companies reported robust sales volume in May, with the easing of chip shortage coupled with demand. During the month under review, India’s largest passenger car manufacturer, Maruti Suzuki, Tata Motors and Mahindra reported a growth of 295 percent, 204 percent and 236…

Singapore Launches Digital Data Exchange To Tackle Supply Chain Inefficiencies

SINGAPORE, Jun 2 (NNN-CNA) – Singapore’s Minister of Communications and Information, and Minister-in-charge of Smart Nation and Cybersecurity, Josephine Teo, yesterday, launched the Singapore Trade Data Exchange (SGTraDex), a public-private initiative, on the sidelines of Asia Tech x Singapore (ATxSG) 2022. SGTraDex is a digital utility that facilitates the sharing…

UN Welcomes First Commercial Flight From Sanaa To Cairo

UNITED NATIONS, Jun 2 (NNN-YPA) – The United Nations, yesterday, welcomed the first commercial flight from Yemen’s Sanaa airport to Cairo, earlier in the day, a UN spokesman said. Stephane Dujarric, spokesman for UN Secretary-General, Antonio Guterres, told the regular press briefing that, “this was the seventh flight operating under…

Turkey, Pakistan Vow To Enhance Bilateral Ties With “Strategic Perspective”

ANKARA, Jun 2 (NNN-ANADOLU) – Turkey and Pakistan yesterday pledged to strengthen cooperation with a “strategic perspective” on both bilateral and international levels. “We are ready to further strengthen Turkey-Pakistan relations with a strategic perspective, in line with the history, friendship and potential of the two countries,” Turkish President, Recep…

Pakistan To Strengthen Ties With Strategic Partners To Boost Economic Development: Minister

ISLAMABAD, Jun 2 (NNN-APP) – Pakistani Minister for Planning, Development and Special Initiatives, Ahsan Iqbal, said yesterday that, his country would further strengthen relations with its strategic partners, to boost economic development of Pakistan. Addressing a conference, organised by the Pakistan Institute of Development Economics, the minister said, China brought…
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