Egypt to receive 1st tranche of IMF loan next week: PM

STORY: Egypt to receive 1st tranche of IMF loan next week: PM SHOOTING TIME: March 30, 2024 DATELINE: March 31, 2024 LENGTH: 00:01:55 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Egyptian Prime Minister inspecting the factory (Courtesy of the Egyptian Cabinet) 2. shots of the Egyptian Prime Minister delivering a speech in the industrial zone (Courtesy of the Egyptian Cabinet) 3. various of the Egyptian Prime Minister inspecting the factory (Courtesy of the Egyptian Cabinet) STORYLINE: Egyptian Prime Minister Mostafa Madbouly announced on Saturday that Egypt is set to receive the inaugural installment of an 8-billion-dollar expanded loan program from the International Monetary Fund (IMF) next week. Speaking at an industrial zone near Cairo, Madbouly added that Egypt is working on increasing dollar resources by supporting industry and export. The IMF had previously approved a 3-billion-dollar, 46-month Extended Fund Facility (EFF) arrangement for Egypt in late 2022, aimed at supporting it

U.S. House passes second massive spending package ahead of shutdown deadline

STORY: U.S. House passes second massive spending package ahead of shutdown deadline SHOOTING TIME: March 22, 2024 DATELINE: March 23, 2024 LENGTH: 00:00:32 LOCATION: Washington D.C. CATEGORY: POLITICS SHOTLIST: 1. various of the U.S. House of Representatives voting on the bill STORYLINE: The U.S. House on Friday approved the second spending package aimed at funding part of the government agencies and programs until September, sending it to the Senate before the midnight deadline to prevent a partial shutdown. The lower chamber approved the package, which was unveiled early Thursday, in a vote of 286 to 134. The 1.2-trillion-U.S.-dollar package would provide funding for the departments of Defense, Homeland Security, Labor, Health and Human Services, Education, State and the legislative branch through the fiscal year 2024, which ends Sept. 30. The proposed package would allocate approximately 62 billion dollars in overall discretionary funds for Homeland Security, which was the most contentious part of th

Work on Chinese-built airport for Cambodian capital in full swing

STORY: Work on Chinese-built airport for Cambodian capital in full swing SHOOTING TIME: March 12, 2024 DATELINE: March 13, 2024 LENGTH: 00:01:13 LOCATION: Phnom Penh CATEGORY: SOCIETY SHOTLIST: 1. various of Chinese-built new Phnom Penh international airport 2. SOUNDBITE (English): EL SETHSOVATHA, Site engineer at Techo International Airport project STORYLINE: Some 66.1 percent of the construction work on a Chinese-built new Phnom Penh international airport, officially known as the Techo International Airport, has been completed so far, Cambodian Prime Minister Hun Manet said on Tuesday. Invested by the Cambodia Airport Investment Co., Ltd, the 1.5-billion-U.S. dollar airport is being constructed by the China Construction Third Engineering Bureau Group Co., Ltd. on an area of 2,600 hectares, about 20 km from the capital Phnom Penh. It will be capable of handling 13 million passengers a year in the first phase, 30 million passengers in the second phase after 2030, and up to 50 million passengers in 2050 i

Türkiye's economic shift fuels optimism but challenges persist: expert

STORY: Türkiye's economic shift fuels optimism but challenges persist: expert DATELINE: Sept. 26, 2023 LENGTH: 00:04:10 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets in Türkiye 2. various of Turkish lira and the U.S. dollar 3. various of people shopping in Türkiye 4. various of shipping trade in Türkiye 5. various of people shopping in Türkiye 6. various of shipping trade in Türkiye 7. SOUNDBITE (Turkish): CAN SELCUKI, Director of Türkiye Raporu STORYLINE: Turkish Finance and Treasury Minister Mehmet Simsek revealed on Sept. 19 that Türkiye obtained some 10.4 billion U.S. dollars in external financing since the country embraced new policies in June. The amount includes 6.7 billion dollars from the banking sector, 367 million from the non-banking financial sector and 3.26 billion from the real sector, according to the report. After the new economic management put in place in June decided to aggressively hike interest rates from 8.5 to 30 percent to curb inflation an

Vietnamese premier calls for financial aid from Japan

Vietnamese premier calls for financial aid from Japan

Vietnamese Prime Minister Phan Van Khai meets reporters in Hanoi on March 25. In his remarks, Khai said his country wants to join Japan's 30-billion-dollar Asian aid program as early as possible.

Miyazawa makes speech

Miyazawa makes speech

Japan's Finance Minister Kiichi Miyazawa (C) makes a speech at a meeting of top finance officials from Japan and other Asian nations in Washington on Saturday Oct. 3. At the meeting, Miyazawa presented a 30 billion dollar aid package to embattled Asian countries. ''The package is intended to prevent acceleration of deflation in Asia and help the region's early economic recovery,'' he said.

Hong Kong bids farewell to Kai Tak airport

Hong Kong bids farewell to Kai Tak airport

Thousands of people bid farewell to Kai Tak airport in Hong Kong in a party atmosphere on July 5, the final day of its 74-year operation. The photo shows a passenger and a policeman posing for a commemorative photo at the airport. New, 20 billion dollar Chek Lap Kok airport 30 kilometers to the west is to open July 6.

Vietnamese premier calls for financial aid from Japan

Vietnamese premier calls for financial aid from Japan

Vietnamese Prime Minister Phan Van Khai meets reporters in Hanoi on March 25. In his remarks, Khai said his country wants to join Japan's 30-billion-dollar Asian aid program as early as possible.

Miyazawa makes speech at Asian

Miyazawa makes speech at Asian

Japan's Finance Minister Kiichi Miyazawa (C) makes a speech at a meeting of top finance officials from Japan and other Asian nations in Washington on Saturday Oct. 3. At the meeting, Miyazawa presented a 30 billion dollar aid package to embattled Asian countries. ''The package is intended to prevent acceleration of deflation in Asia and help the region's early economic recovery,'' he said.

Hong Kong bids farewell to Kai T

Hong Kong bids farewell to Kai T

Thousands of people bid farewell to Kai Tak airport in Hong Kong in a party atmosphere on July 5, the final day of its 74-year operation. The photo shows a passenger and a policeman posing for a commemorative photo at the airport. New, 20 billion dollar Chek Lap Kok airport 30 kilometers to the west is to open July 6. ==Kyodo