Inflation-ridden Nepalis hit by record hike in petroleum prices
Adding to the inflation-caused woes, experts say prices have been hiked sharply at a time when the country’s economic indicators—from farming to trade—are at their worst.
Trade
India, Japan agreed to further promote financial cooperation
The two countries agreed to work closely as they hold the presidency of G20 and G7 next year.
Vietnamese lychees aim to go global
Lychees of the Thanh Ha variety has been making a name for itself in many markets.
Cryptocurrency trade adds millions of dollars to state budget
Eleven of the 13 companies who have added to the government’s budget have carried out transactions in digital currency; 10 have handed over US$4.5 million in copyright fees.
Officials debunk rumour Walmart banning Thai coconut
The false reports said Thailand was using monkeys to pick coconuts.
Russia earns $98 billion from fuel exports in 100 days of Ukraine war
The EU took 61 percent of Russia's fossil fuel exports during the war's first 100 days, worth about 57 billion euros. Top importers included China at 12.6 billion euros, Germany…
Russia to ‘extend helping hand’ to Philippines amid high oil prices: Envoy
“I repeat that in this turbulent period, we are ready to cooperate with the Filipino side and to extend our helping hands to satisfy the needs in sources of energy,” Russian…
India, China growing markets for shunned Russian oil
India has guzzled nearly 60 million barrels of Russian oil in 2022 so far, compared with 12 million barrels in all of 2021, according to commodity data firm Kpler. Shipments to…
WTO reform should keep developing members in mind: Chinese minister
China's Commerce Minister Wang Wentao added reform should promote economic globalization and promote the development of economic globalization in the direction of more openness,…
Currency peg stable, resilient: Hong Kong Monetary Authority chief
He also said that a key HKMA priority is launching in the second half of the year a pilot trade settlement system.