Penny Wong, Australia’s new foreign minister, has made a quick trip to the Pacific Islands region in her first week in office. Wong’s intentions appear to be twofold: to counterbalance Chinese Foreign Minister Wang Yi’s eight-nation Pacific tour, also this week, and to prove to the region – from theRead More →

ISLAMABAD: Pakistan’s conventional foreign funding lines remained largely dry in April 2022 as it received barely a quarter of a billion dollars in external loans from bilateral and multilateral lenders, bringing total loans to 15.5 billion. dollars for the current fiscal year. Disbursement of loans by multilateral creditors came toRead More →

The government plans to implement a targeted fuel subsidy mechanism instead of the block subsidy currently enjoyed by Malaysians regardless of their socio-economic status. This is apparently necessary to cushion the impact of soaring crude oil prices for low-income citizens, according to Minister of International Trade and Industry Mohamed AzminRead More →

ISLAMABAD — Federal Finance and Revenue Minister Miftah Ismail said on Friday he expects the country’s economic situation to turn around very quickly. “The current account deficit for April was $623 million, less than half the average for the first 9 months of the fiscal year. This is a veryRead More →

Transparency International Bangladesh today (20 May 2022) called on the government to form an independent ‘economic strategy advisory committee’ to advise on ways to address potential global economic fallout and ensure continuation of the commendable economic performance achieved until now. The call comes against the backdrop of the looming globalRead More →

RIYADH: A Saudi Foreign Ministry official confirmed on Wednesday that the Kingdom has taken crucial steps to boost food security, come up with strategies to promote food growth and deal with climate change and water scarcity. Waleed Al-Khuraiji, Saudi Deputy Foreign Minister, said the measures have helped improve food securityRead More →

Breadcrumb Links PMN Company Author of the article: Bloomberg News Michelle Jamrisko, Siegfrid Alegado and Andreo Calonzo Content of the article (Bloomberg) — After his landslide victory in the presidential election, Filipino Ferdinand “Bongbong” Marcos Jr. now faces soaring inflation and limited revenue to meet his ambitious infrastructure goals. SeveralRead More →

Indiana Public Media News { “banners”: { “tv”: [ {“url” : “”, “img” : “”, “startingDate” : “1650600000000”, “endingDate” : “1650686340000”} , {“url” : “”, “img” : “”, “startingDate” : “1646024400000”, “endingDate” : “1646283540000”} , {“url” : “”, “img” : “”, “startingDate” : “1646888400000”, “endingDate” : “1647061140000”} , {“url” :Read More →

Four electric utility companies are demanding huge increases in electricity rates due to what they say are debt constraints caused by microeconomic indicators such as rising inflation and falling exchange rate over a three-year period, which significantly affected their operations. The operators, namely the Volta River Authority (VRA), Ghana GridRead More →

Moscow plans to take over factories and other businesses, as it would be better for the Russian economy, as “the current economic market system is not adapted to the needs of our armed forces”. Russian military expert Konstantin Sivkov has announced a new plan to transform Russia’s economy into aRead More →

China In-Focus — Shares of the Asian Giant Rise; Shandong port trader secures rare Russian oil deal; Toyota’s revenue slips BEIJING (Reuters) – Chinese stocks rose on Wednesday as investors were reassured by signs of a decline in domestic COVID-19 infections, while U.S. President Joe Biden’s decision to consider eliminatingRead More →

Verizon, the US-based telecom operator, said fifth-generation or 5G private networks would bring economic benefits to Indian companies, and space-based broadband delivery through a low-Earth-orbit satellite system (LEO) could be a game-changer for the economy. “This is an opportunity to bring these new technologies (5G private networks) to markets likeRead More →

Oith Prime Minister Shehbaz Sharif now in the saddle, the question is: how will Shehbaz’s government manage the economy? How, if at all, will Shehbaz’s economic management be better than that of Imran Khan? The one-year extension of the IMF program and the increase in the amount of loans toRead More →

He added that the Egyptian economy is more resilient in the face of international challenges and has the ability to positively and flexibly cope with internal and external shocks thanks to the economic reform program. “The Egyptian economy has been able to absorb the impacts of the coronavirus pandemic, andRead More →

Overcoming the current external solvency challenge is reminiscent of the situation in 2018 in Pakistan. The need to tap into friendly countries to shore up reserves, find oil on deferred payments, new international commercial borrowing, a rush to roll over bilateral and commercial bank maturities, and a push for theRead More →

A Sri Lankan delegation, led by Hon. Finance Minister Ali Sabry participated in the 2022 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group held in Washington DC from April 18-22, 2022. The delegation had meetings with several international financial institutions (IFIs), including the IMF andRead More →