Australian PM Confirms Indonesia Visit

CANBERRA, Jun 5 (NNN-AGENCIES) – Australian Prime Minister, Anthony Albanese, confirmed he will travel to Indonesia today, in a bid to boost relationship between the two nations. Albanese, whose Labour Party won power in the general election on May 21, will today travel to Indonesia with Foreign Minister, Penny Wong,…

New Philippine Administration Vows To Push For RCEP Ratification

MANILA, Jun 5 (NNN-PNA) – The economic team of the incoming administration of President-elect Ferdinand Romualdez Marcos, vowed to push for the ratification of the Regional Comprehensive Economic Partnership (RCEP) agreement, the world’s largest free trade area, representing 30 percent of the global gross domestic product (GDP). Bangko Sentral ng…

Cambodia’s Rice Export To China Up 23.6 Percent In Jan-May

PHNOM PENH, Jun 5 (NNN-AKP) – Cambodia exported 149,447 tonnes of milled rice to China, in the first five months of 2022, up 23.6 percent over the same period last year, the Cambodian Rice Federation (CRF) said, yesterday. China remained the top buyer of Cambodia’s rice, followed by the European…

Sri Lanka To Use Underutilised Land For Farming

COLOMBO, Jun 5 (NNN-XINHUA) – Sri Lankan President, Gotabaya Rajapaksa, instructed officials to identify all underutilised lands owned by plantation companies, and use them for farming, the President’s Media Division (PMD) said, yesterday. The president has taken the decision, following warnings that Sri Lanka will face food shortages in the…

Egypt’s Renewable Electricity Generation Up 17.2 Percent In 2021

CAIRO, Jun 5 (NNN-MENA) – The amount of electricity generated from renewable energy in Egypt increased from 8.7 billion kWh in 2019/2020, to 10.2 billion kWh in 2020/2021, marking a year-on-year increase of 17.2 percent, Egypt’s official statistics agency said, yesterday. “Egypt has the largest wind and solar energy capacity…

Myanmar’s Central Bank Blacklists 137 More Companies For Violating Regulation

YANGON, Jun 4 (NNN-MNA) – The Central Bank of Myanmar (CBM), added 137 more companies to a blacklist, for failing to deposit export earnings into accounts in domestic banks, within the prescribed periods. The decision came, after multiple efforts, including issuing notices, revoking exporter and importer registrations were made, the…

Ford U.S. Sales Drop 4.5 Percent In May

CHICAGO, Jun 4 (NNN-AGENCIES) – Ford Motor Co. said Thursday that, it sold 154,461 vehicles in the United States in May, down 4.5 percent from May, 2021. To be specific, the U.S. automaker sold 74,595 trucks, down 1.4 percent year on year; 76,625 SUVs, down 4.4 percent; and 6,254 electric…

Int’l Auto Show Opens In Sofia

SOFIA, Jun 4 (NNN-AGENCIES) – The 25th edition of the international Sofia Motor Show, the largest car exhibition in Bulgaria, kicked off here yesterday. As many as 189 vehicles from 32 car brands will be on show during the ten-day event, which is included in the calendar of the International…

Iraq To Raise Daily Oil Output To 4.58 Million Barrels

BAGHDAD, Jun 4 (NNN-NINA) – Iraq said yesterday that, its oil production would reach 4.58 million barrels per day (bpd) in July and Aug. The latest increase came, after the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, agreed on significant oil output…

Uzbekistan, Tajikistan Sign Historic Declaration To Strengthen Ties

TASHKENT, Jun 4 (NNN-XINHUA) – Uzbekistan’s President, Shavkat Mirziyoyev, and visiting Tajik President, Emomali Rahmon, signed in the Uzbek capital yesterday, “a historic” declaration on strengthening friendship and alliance, the Uzbek president’s press service said. The presidents of the two neighbouring Central Asian states also inked a number of documents,…
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