Indian Local Gov’t To Allow Exploration Of India’s Largest Gold Reserves

NEW DELHI, May 30 (NNN-PTI) – Local government in the eastern Indian state of Bihar, decided to grant permission for exploration of its gold reserve, an official said yesterday. The gold reserves, believed to be the country’s largest, are said to be in Jamui district, about 170 km south-east of…

Pakistani PM Announces New Relief Package For Low-Income Segment

ISLAMABAD, May 29 (NNN-APP) – Pakistani Prime Minister, Shahbaz Sharif, announced a new relief package worth 28 billion rupees (around 140 million U.S. dollars) per month, to mitigate impact of increase in prices of petroleum products, on lower-income people of the country. In a televised address to the nation, Friday…

Roundup: Indonesia Woos Investors To Boost EV Battery Industry

by Nurul Fitri Ramadhani JAKARTA, May 29 (NNN-XINHUA) – The Indonesian government is wooing foreign investors, to help develop the electric vehicle (EV) ecosystem, as it is on a green energy transition. “We are very confident that investing for EVs in Indonesia will be profitable, because we are rich in…

Thailand’s Export Growth Eases In Apr

BANGKOK, May 27 (NNN-TNA) – Thailand’s exports, a key driver of the country’s economic growth, climbed 9.9 percent year on year, in Apr, data showed yesterday. The growth, below market expectation of 14.6 percent, moderated from a rise of 19.5 percent, registered in March, according to data released by the…

India’s Central Bank To Opt For “Graded Approach” Towards Proposed Digital Currency

MUMBAI, May 28 (NNN-PTI) – India’s central bank, yesterday said, it will be opting for a “graded approach” towards introducing its digital currency. In its annual report released yesterday, the Reserve Bank of India said, the design of the central digital coin needed to be in line with the objectives…

Nepal To Cut Taxes On Petroleum Products

KATHMANDU, May 28 (NNN-XINHUA) – The Nepali government has decided to cut taxes on petroleum products, due to rising costs of fuels, a minister announced yesterday. Addressing the House of Representatives, Dilendra Prasad Badu, minister for industry, commerce and supplies, said, a cabinet meeting last Monday, endorsed a proposal of…

Turkey, UAE Pledge To Boost Cooperation, Sign Trade Agreement

ISTANBUL, May 28 (NNN-ANADOLU) – Turkey and the United Arab Emirates (UAE), pledged yesterday, to boost their cooperation in a wide range of fields, by increasing mutual investment opportunities. “We are working with all our institutions to improve our relations in a broad spectrum, from trade to agriculture, from the…

Feature: Turkish Supermarket Deserted Amid Ever-Increasing Food Prices

by Zeynep Cermen ISTANBUL, May 28 (NNN-XINHUA) – A supermarket in Istanbul, once thronged with shoppers for a great variety of goods, is now completely desolated as inflation drove the prices out of reach. The store was almost empty at noon yesterday. A few shoppers checked the latest price tags…

Lao Gov’t Orders Action To Facilitate Goods Export

VIENTIANE, May 27 (NNN-KPL) – The Lao government has instructed ministries to streamline procedures, to facilitate trade and speed up freight transport and the export of goods. The move aims to facilitate trade and accelerate freight transport and the export of goods, such as farm products, timber and non-timber forest…

Feature: Power Shortage Undermines Recovery In Afghanistan

KANDAHAR, May 27 (NNN-XINHUA) – In a country already beset by innumerable destabilising factors, power shortages are doing nothing to help Afghanistan’s recovery. In southern Kandahar province, like anywhere else, no electricity means no productivity. Elham Haqmal manages a milk processing plant in Kandahar’s Industrial Park. “We have no mains…
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