KUALA LUMPUR, Aug 19(ABC): Malaysia’s vehicle sales slipped 23.03 percent to 48,922 units in July from 63,563 units in June, the Malaysian Automotive Association (MAA) said. MAA said in a statement the fall was due to exceptionally high total industry volume (TIV) in June because of the fulfillment of bookings by car companies, for many of the bookings were received …

ISLAMABAD, Aug 19 (ABC): The Ministry of Commerce and the Trade Development Authority of Pakistan (TDAP) today unveiled a comprehensive National Priority Sectors Export Strategy (NPSES) for Pakistan to achieve the country’s ambition of growing its trade. It was launched by the Federal Minister for Commerce, Syed Naveed Qamar. The five-year (2023-2027) sector strategies are the result of a consultative …

TOKYO, Aug 19(ABC):Tokyo’s benchmark Nikkei index barely changed on Friday, with investors gravitating towards profit-taking but also cheered by a weaker yen. The Nikkei 225 index inched down 11.81 points to 28,930.33, while the broader Topix index advanced 0.20 percent, or 4.02 points, to 1,994.52. The dollar fetched 136.31 yen, compared with 135.88 yen seen late Thursday. Stocks rose in …

KUALA LUMPUR, Aug 19(ABC):Malaysia’s exports soared 38 percent to 134.07 billion ringgit (29.95 billion U.S. dollars) in July from a year ago, official data showed Friday. The export growth was driven by higher demand for electrical and electronic (E&E) products, petroleum products as well as liquefied natural gas (LNG), the Malaysian Ministry of International Trade and Industry said in a …

SYDNEY, Aug 19(ABC): Solomon Islands has secured a $66 million loan from China to fund tech giant Huawei building 161 telecoms towers across the Pacific nation, its government said Thursday. It is the first large-scale financing the country has received from Beijing since they signed a secretive security pact in April. The island nation’s growing financial and security links to …

ISLAMABAD, Aug 18 (ABC): The Securities and Exchange Commission of Pakistan (SECP) Thursday introduced registration regime for digital-only insurers and dedicated microinsurers. This will promote digitalization and improve customer convenience through instant provision of services. In this regard, amendments to the Insurance Rules, 2017 have been notified vide SRO 1513(I)/2022, said a press release issued here. The new framework is …

ISLAMABAD, Aug 18 (ABC): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 195.06 points, a negative change of 0.45 percent, closing at 43,481.50 points against 43,676.56 points on the last working day. A total of 621,216,462 shares were traded during the day compared to the trade of 607,995,986 shares the previous day, whereas …

KARACHI, Aug 18 (ABC): Export of services in telecommunication, computer and information sectors from Pakistan crossed $ 2.61 billion during fiscal year 2021-22 depicting 24 percent year on year growth. According to data released by Pakistan Bureau of Statistics (PBS) yearly export of Telecommunication, Computer and Information services increased 15.30, 26.40 and 31 percent respectively as compared to FY 2020-21. …

ISTANBUL, Aug 18 (ABC): Turkey’s central bank on Thursday stunned the markets by lowering its main interest rate even as inflation soared to 24-year high and looks set to climb further. The central bank cited the “weakening effects of geopolitical risks” as it lowered its one-week repo auction rate to 13 percent from 14 percent. “Just insane — with inflation …

ISLAMABAD, Aug 18 (ABC): President, Islamabad Chamber of Commerce and Industry (ICCI) Muhammad Shakeel Munir said that Pakistan needed productive entrepreneurs to create new jobs, introduce new technologies, increase productivity and enhance exports in order to steer the economy out of current troubles and put in on the path of sustainable growth. Therefore, students should focus on entrepreneurship that offers …