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German Bundestag approves 140 bln euros extra debt in 2022
BERLIN, May 20 (Xinhua) -- The budget committee of German Bundestag (lower house of Parliament) on Friday adopted the country's annual budget for 2022, allowing total spending of 496 billion euros (523.5 billion U.S. dollars) and about 140 billion euros in new debt.
Cyprus tackles rising fuel and commodity prices with new measures
NICOSIA, May 20 (Xinhua) -- Cyprus will introduce a series of measures to counter the spike in fuel and commodity prices caused by the crisis in Ukraine, a Cypriot government spokesman announced on Friday.
BNPL – A debt bondage?
WITH the emergence of technology and changing customer behaviour, a new form of payment option, driven mainly by startups, is taking shape not only in Malaysia but globally.
MPIC in the midst of discussions with MoF to slash palm oil export tax
KUALA LUMPUR: Ministry of Plantation Industries and Commodities (MPIC) is in the midst of discussions with the Ministry of Finance (MoF) to look into the viability of slashing Malaysia’s palm oil export tax to 4-6 per cent from the current 8 per cent.
Brunei's total trade rises 92.8 pct in January
BANDAR SERI BEGAWAN, May 19 (Xinhua) -- Brunei recorded 2,607.8 million Brunei dollars (1,890.3 million U.S. dollars) of total trade for January 2022, a 92.8 percent year-on-year increase.
Asian shares drop sharply as they track Wall Street's inflation-fuelled retreat
Shares dropped sharply in Asia on Thursday after a broad retreat on Wall Street triggered by dismal results from major retailer Target that added to worries over persisting high inflation.
Azmin Ali: Amazon Web Services expected to make major investment in Malaysia to develop data centres
Amazon Web Services Inc (AWS) is committed to realise Malaysia’s potential as a data hub in South-East Asia, and is expected to make a major investment this year to develop data centres in the country.
Push for committees to speed up economic recovery
PUTRAJAYA: State economic recovery committees (NRCs) will be formed following the approval by the Cabinet for these committees to help the Federal Government expedite the country’s economic recovery, says Tan Sri Muhyiddin Yassin.
PM attends Aidilfitri open houses hosted by Health, Finance Ministries
PUTRAJAYA: Datuk Seri Ismail Sabri Yaakob attended Aidilfitri open houses hosted by the Finance Ministry (MOF) and the Health Ministry (MOH) here on Tuesday (May 17).
World Bank, Ethiopia sign 300 mln USD financing accord to fund recovery of conflict-affected areas
ADDIS ABABA, May 16 (Xinhua) -- The Ethiopian government and the World Bank have signed a financing agreement amounting to 300 million U.S. dollars in support of the reconstruction and recovery of conflict-affected areas of Ethiopia.
