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Finance ministry forecast

27.08.2024, Tallinn. The Ministry of Finance published its summer economic outlook, which predicts the anticipated revival in external demand in the second half of this year will also be reflected in Estonia's export volumes recovering. The forecast was introduced by Minister of Finance Jürgen Ligi, head of the fiscal policy department Raoul Lättemäe and head of the Public Finance Service Kadri Klaos Photo Mihkel Maripuu, Postimees

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Finance ministry forecast

27.08.2024, Tallinn. The Ministry of Finance published its summer economic outlook, which predicts the anticipated revival in external demand in the second half of this year will also be reflected in Estonia's export volumes recovering. The forecast was introduced by Minister of Finance Jürgen Ligi, head of the fiscal policy department Raoul Lättemäe and head of the Public Finance Service Kadri Klaos Photo Mihkel Maripuu, Postimees

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Finance ministry forecast

27.08.2024, Tallinn. The Ministry of Finance published its summer economic outlook, which predicts the anticipated revival in external demand in the second half of this year will also be reflected in Estonia's export volumes recovering. The forecast was introduced by Minister of Finance Jürgen Ligi, head of the fiscal policy department Raoul Lättemäe and head of the Public Finance Service Kadri Klaos Photo Mihkel Maripuu, Postimees

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Finance ministry forecast

27.08.2024, Tallinn. The Ministry of Finance published its summer economic outlook, which predicts the anticipated revival in external demand in the second half of this year will also be reflected in Estonia's export volumes recovering. The forecast was introduced by Minister of Finance Jürgen Ligi, head of the fiscal policy department Raoul Lättemäe and head of the Public Finance Service Kadri Klaos Photo Mihkel Maripuu, Postimees

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Finance ministry forecast

27.08.2024, Tallinn. The Ministry of Finance published its summer economic outlook, which predicts the anticipated revival in external demand in the second half of this year will also be reflected in Estonia's export volumes recovering. The forecast was introduced by Minister of Finance Jürgen Ligi, head of the fiscal policy department Raoul Lättemäe and head of the Public Finance Service Kadri Klaos Photo Mihkel Maripuu, Postimees

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Finance ministry forecast

27.08.2024, Tallinn. The Ministry of Finance published its summer economic outlook, which predicts the anticipated revival in external demand in the second half of this year will also be reflected in Estonia's export volumes recovering. The forecast was introduced by Minister of Finance Jürgen Ligi, head of the fiscal policy department Raoul Lättemäe and head of the Public Finance Service Kadri Klaos Photo Mihkel Maripuu, Postimees

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Finance ministry forecast

27.08.2024, Tallinn. The Ministry of Finance published its summer economic outlook, which predicts the anticipated revival in external demand in the second half of this year will also be reflected in Estonia's export volumes recovering. The forecast was introduced by Minister of Finance Jürgen Ligi, head of the fiscal policy department Raoul Lättemäe and head of the Public Finance Service Kadri Klaos Photo Mihkel Maripuu, Postimees

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Finance ministry forecast

27.08.2024, Tallinn. The Ministry of Finance published its summer economic outlook, which predicts the anticipated revival in external demand in the second half of this year will also be reflected in Estonia's export volumes recovering. The forecast was introduced by Minister of Finance Jürgen Ligi, head of the fiscal policy department Raoul Lättemäe and head of the Public Finance Service Kadri Klaos Photo Mihkel Maripuu, Postimees

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Finance ministry forecast

27.08.2024, Tallinn. The Ministry of Finance published its summer economic outlook, which predicts the anticipated revival in external demand in the second half of this year will also be reflected in Estonia's export volumes recovering. The forecast was introduced by Minister of Finance Jürgen Ligi, head of the fiscal policy department Raoul Lättemäe and head of the Public Finance Service Kadri Klaos Photo Mihkel Maripuu, Postimees

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Egypt reports growth in electronic payment gateway operations

STORY: Egypt reports growth in electronic payment gateway operations SHOOTING TIME: June 23, 2024 DATELINE: June 24, 2024 LENGTH: 00:00:47 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Ministry of Finance 2. various of Egypt's Minister of Finance Mohamed Maait speaking STORYLINE: Egypt's Minister of Finance Mohamed Maait said on Sunday that the Government Electronic Payment Gateway (GePG) has experienced growth in its operations from July 2023 to May 2024, referring the total value of services processed through GePG reached 2.5 trillion Egyptian pound (EGP) (about 51.9 billion USD) during this period, compared to 2.1 trillion EGP (43.6 billion USD) in the previous fiscal year. The electronic payment service for workers' salaries in the country saw a growth rate of 24 percent, amounting to 299.4 billion EGP (6.21 billion USD), versus 242.2 billion EGP (5.03 billion USD) in the same period of the last fiscal year. The minister further highlighted that the value of the electronic payment service

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PAKISTAN-ISLAMABAD-FEDERAL BUDGET

(240613) -- ISLAMABAD, June 13, 2024 Photo by Xinhua/ABACAPRESS.COM) -- This photo released by Pakistan's Press Information Department (PID) shows Pakistan's Federal Minister for Finance and Revenue Muhammad Aurangzeb presenting the federal budget for the upcoming fiscal year starting from July 2024 to June 2025 in the country's national assembly in Islamabad, Pakistan, on June 12, 2024. The new budget, pending majority approval in the national assembly, with a total outlay of 18,900 billion rupees (about 67.84 billion U.S. dollars), is set to be formally implemented on July 1 following the president's final approval. (PID/Handout via Xinhua/ABACAPRESS.COM

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German tech company witnesses stellar growth amid Sino-German cooperation

STORY: German tech company witnesses stellar growth amid Sino-German cooperation SHOOTING TIME: April 17, 2024 DATELINE: April 18, 2024 LENGTH: 00:02:13 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of ZEISS 2. SOUNDBITE 1 (English): MAXIMILIAN FOERST, President and CEO, ZEISS Greater China 3. various of ZEISS products 4. SOUNDBITE 2 (English): MAXIMILIAN FOERST, President and CEO, ZEISS Greater China STORYLINE: Maximilian Foerst, President and CEO of ZEISS Greater China, recently took an interview with Xinhua. He hailed the growth of revenue of ZEISS in China, and is optimistic about future prospects of the Chinese market. SOUNDBITE 1 (English): MAXIMILIAN FOERST, President and CEO, ZEISS Greater China "We grew 22% overall in revenue (in fiscal year 2022-2023). And the very good news is this growth was in basically all our business segments. We are also an innovation-driven company. And innovation happens through exchange of ideas. This is why, fundamentally, we are always looking at

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Myanmar earns over 1.48 bln USD from beans, pulses export in 2023-24 FY

STORY: Myanmar earns over 1.48 bln USD from beans, pulses export in 2023-24 FY SHOOTING TIME: April 8, 2024 DATELINE: April 9, 2024 LENGTH: 00:03:14 LOCATION: MANDALAY, Myanmar CATEGORY: ECONOMY SHOTLIST: 1. various of farmers working in Mandalay, Myanmar STORYLINE: Myanmar earned over 1.48 billion U.S. dollars from the export of over 1.7 million tons of beans and pulses in the fiscal year 2023-24, according to the Ministry of Commerce on Sunday. During the period from April 1 last year to March 31 this year, the country shipped over 1.6 million tons of beans and pulses via marine routes, while exporting over 157,409 tons via land borders, the ministry's figures showed. Myanmar mainly exports black grams, green grams, pigeon peas and many others. Among them, the black gram was the top earner, bringing in over 724 million U.S. dollars in the cited period. According to the ministry, beans and pulses are among Myanmar's most cultivated crops, second only to rice, and they contribute to over 30 percent of t

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Myanmar earns over 3.5 bln USD from agricultural exports in over 11 months

STORY: Myanmar earns over 3.5 bln USD from agricultural exports in over 11 months SHOOTING TIME: March 29, 2024 DATELINE: March 30, 2024 LENGTH: 00:00:59 LOCATION: YANGON, Myanmar CATEGORY: ECONOMY SHOTLIST: 1. various of farmers working in a field in Nay Pyi Taw, Myanmar STORYLINE: Myanmar earned over 3.51 billion U.S. dollars from agricultural exports in over 11 months of the current 2023-24 fiscal year, according to the Ministry of Commerce on Thursday. The figure registered between April 1 last year and March 15 this year showed a decline from over 3.75 billion dollars registered in the same period a year earlier, showed the ministry's figures. According to the ministry's data, agricultural products ranked second among the country's export earnings during the period, following manufactured goods which recorded over 8.58 billion dollars. The Southeast Asian country's total exports during this period surpassed 13.98 billion dollars, down from 15.92 billion dollars registered in the same perio

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U.S. Congress passes government funding package to avoid shutdown

STORY: U.S. Congress passes government funding package to avoid shutdown SHOOTING TIME: March 8 and Feb. 13, 2024 DATELINE: March 9, 2024 LENGTH: 0:00:51 LOCATION: Washington D.C. CATEGORY: POLITICS SHOTLIST: 1. various of the U.S. Senate voting on the bill 2. various of exterior of the U.S. Capitol STORYLINE: The U.S. Congress on Friday approved a bundle of six bills to finance certain sections of the federal government until September, narrowly sidestepping a potential partial shutdown. The U.S. Senate voted 75 to 22 Friday night to approve the package, which cleared the House earlier this week. The bill now heads to President Joe Biden's desk for signing. The latest measure to keep the government funded covers agriculture, energy and the environment, housing, transportation, veterans and the Justice Department through the end of the fiscal year on Sept. 30. Lawmakers recently approved stopgap funding measures to prolong the deadlines of March 1 and March 8 until March 8 and March 22, buyi

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MYANMAR-YANGON-PORT-EXPORT

(240119) -- YANGON, Jan. 19, 2024 (Xinhua) -- This photo taken on Jan. 18, 2024 shows a view of a port in Yangon, Myanmar. Myanmar earned over 10.91 billion U.S. dollars from its exports in over nine months of the 2023-24 fiscal year through March, according to Myanmar's Ministry of Commerce on Wednesday. (Photo by Myo Kyaw Soe/Xinhua)

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India exports 47.98 mln USD mangoes during April-August

STORY: India exports 47.98 mln USD mangoes during April-August DATELINE: Oct. 28, 2023 LENGTH: 0:01:07 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. Shot of India gate 2. Shots of mangoes market 3. Shots of varieties of mangoes STORYLINE: India has witnessed a significant growth in the export of mangoes in the first five months of the current 2023-24 fiscal year by exporting the tropical fruit worth 47.98 million U.S. dollars, officials said Friday. This is 19 percent higher than the previous fiscal year's value of 40.33 million U.S. dollars during the same period (April to August). According to the government, India has also achieved grand success in the export of Indian mangoes to the United States by registering a growth of 19 percent in comparison to the previous fiscal year. India also expanded its mango exports to 41 countries and regions, exploring new markets in Iran, Mauritius, the Czech Republic and Nigeria. India celebrates its national Mango Day on July 22 every year. According to Ind

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U.S.-WASHINGTON D.C.-GOVERNMENT-SHUTDOWN

(230929) -- WASHINGTON, D.C., Sept. 29, 2023 (Xinhua) -- This photo taken on Sept. 28, 2023 shows the U.S. Capitol building in Washington, D.C., the United States. The U.S. government started notifying federal workers on Thursday that a shutdown seems to be imminent, as the Congress remains deadlocked over how to fund the government just three days before funding for this fiscal year is set to expire. (Xinhua/Liu Jie)

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Press conference of Finance Ministry

24.08.2023, Tallinn. The ministry is forecasting a recession of 2 percent this year, but 2.7 percent economic growth next year. Inflation, meanwhile, is expected to slow to 9.6 percent this year, 4.6 percent next year and 2.5 percent in 2025. This forecast will be used by the Estonian government as the basis for drawing up the 2024 state budget bill. The prognosis was introduced by Minister of Finance Mart Võrklaev, Raoul Lättemäe, director of the ministry's Fiscal Policy Department and Kadri Klaos, director of the ministry's Public Finance Service. Photo: Sander Ilvest, Postimees

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Press conference of Finance Ministry

24.08.2023, Tallinn. The ministry is forecasting a recession of 2 percent this year, but 2.7 percent economic growth next year. Inflation, meanwhile, is expected to slow to 9.6 percent this year, 4.6 percent next year and 2.5 percent in 2025. This forecast will be used by the Estonian government as the basis for drawing up the 2024 state budget bill. The prognosis was introduced by Minister of Finance Mart Võrklaev, Raoul Lättemäe, director of the ministry's Fiscal Policy Department and Kadri Klaos, director of the ministry's Public Finance Service. Photo: Sander Ilvest, Postimees

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Press conference of Finance Ministry

24.08.2023, Tallinn. The ministry is forecasting a recession of 2 percent this year, but 2.7 percent economic growth next year. Inflation, meanwhile, is expected to slow to 9.6 percent this year, 4.6 percent next year and 2.5 percent in 2025. This forecast will be used by the Estonian government as the basis for drawing up the 2024 state budget bill. The prognosis was introduced by Minister of Finance Mart Võrklaev, Raoul Lättemäe, director of the ministry's Fiscal Policy Department and Kadri Klaos, director of the ministry's Public Finance Service. Photo: Sander Ilvest, Postimees

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Press conference of Finance Ministry

24.08.2023, Tallinn. The ministry is forecasting a recession of 2 percent this year, but 2.7 percent economic growth next year. Inflation, meanwhile, is expected to slow to 9.6 percent this year, 4.6 percent next year and 2.5 percent in 2025. This forecast will be used by the Estonian government as the basis for drawing up the 2024 state budget bill. The prognosis was introduced by Minister of Finance Mart Võrklaev, Raoul Lättemäe, director of the ministry's Fiscal Policy Department and Kadri Klaos, director of the ministry's Public Finance Service. Photo: Sander Ilvest, Postimees

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Myanmar's foreign trade reaches over 9.7 bln USD in 1st 3 months of 2023-24 FY

STORY: Myanmar's foreign trade reaches over 9.7 bln USD in 1st 3 months of 2023-24 FY DATELINE: July 25, 2023 LENGTH: 00:02:44 LOCATION: YANGON, Myanmar CATEGORY: ECONOMY SHOTLIST: 1. various of the container port in Yangon, Myanmar 2. various of the container trucks in Yangon, Myanmar STORYLINE: Myanmar's foreign trade has reached over 9.7 billion U.S. dollars in the first three months of the 2023-24 fiscal year, according to figures released by the Ministry of Commerce on Monday. The figure was up, as compared to over 9.6 billion dollars registered in the same period a year ago, the ministry's data showed. From April 1 to July 14 this year, the country earned over 4.4 billion dollars from exports, while its imports were valued at over 5.3 billion dollars, the ministry's figures showed. During the period, manufactured goods topped the export list with the most value, earning over 2.6 billion dollars, followed by agricultural products with a value of 968.05 million dollars. The country's maritime trade

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India's current account deficit narrows in Q4 of FY23

STORY: India's current account deficit narrows in Q4 of FY23 DATELINE: June 28, 2023 LENGTH: 00:01:33 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of RBI buildings 3. various of markets 4. various of wholesale market STORYLINE: India's current account deficit (CAD) witnessed a shrink in the January to March quarter, the Reserve Bank of India (RBI) said. The CAD narrowed to 1.3 billion U.S. dollars, equivalent to 0.2 percent of the Gross Domestic Product (GDP) in the fiscal year 2022-23, said the data. This positive trend was primarily driven by a moderation in the trade deficit, which decreased from 71.3 billion U.S. dollars in the previous quarter to 52.6 billion U.S. dollars. Additionally, there was a robust increase in services exports, further contributing to the improvement in the CAD figures. However, despite progress in the January to March quarter of the 2022-23 fiscal year, the current account balance stood at 2 percent deficit of GDP, compared to the 1.2

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Myanmar exports over 117,000 tons of green grams during April-June period

STORY: Myanmar exports over 117,000 tons of green grams during April-June period DATELINE: June 15, 2023 LENGTH: 00:02:00 LOCATION: YANGON, Myanmar CATEGORY: ECONOMY SHOTLIST: 1. various of the farmers working in the fields STORYLINE: Myanmar exported more than 117,201 tons of green grams in the first two months of the 2023-24 fiscal year, according to the country's Ministry of Commerce on Tuesday. From April 1 to June 2 this year, the country earned over 76.639 million U.S. dollars from the exports of green grams, the ministry's figures showed. Myanmar's total exports of beans and pulses, including green grams, during the period reached over 310,573 tons, its figures showed. "Green grams were mostly exported to China," U Soe Win Maung, advisor of Myanmar Pulses, Beans, Maize and Sesame Seeds Merchants Association, told Xinhua. They were also exported to Vietnam and a number of European countries, he added. Green grams and black grams are the most commonly cultivated beans and pulses in Myanmar

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India's central bank expects growth rate at 6.5 pct this fiscal year

STORY: India's central bank expects growth rate at 6.5 pct this fiscal year DATELINE: June 10, 2023 LENGTH: 00:01:31 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of Indian government buildings 3. various of Reserve Bank of India (RBI) building 4. various of markets in New Delhi 5. various of traffic in New Delhi STORYLINE: The rate of inflation in India during the current fiscal year (April 2023-March 2024) is expected to remain above 4 percent, while the country's economy is likely to grow at 6.5 percent, Governor of the Reserve Bank of India (RBI) Shaktikanta Das said on Thursday. Announcing the monetary policy in the financial capital Mumbai, the central bank governor said the Indian economy was strongly placed at a time of global uncertainties. "We can derive satisfaction from the fact that the Indian economy and the financial sector stand out as strong and resilient in a world of unprecedented headwinds and swift cross currents. Unlike the previous three

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Chinese local gov'ts see steady fiscal revenue growth, sending positive signs

STORY: Chinese local gov'ts see steady fiscal revenue growth, sending positive signs DATELINE: June 6, 2023 LENGTH: 00:01:52 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE 1 (Chinese): PUAH TZE SHYANG, CEO, CapitaLand Investment (China) 3. SOUNDBITE 2 (English): MAURO DE FELIP, General manager, Ferrero China STORYLINE: According to China's Ministry of Finance, the country's fiscal revenue maintained steady growth momentum in the first four months of this year. From January to April, the fiscal revenue expanded 11.9 percent year on year to nearly 8.32 trillion yuan (about 1.19 trillion U.S. dollars). During the period, the central government collected around 3.76 trillion yuan in fiscal revenue, up 8.6 percent, and local governments collected over 4.56 trillion yuan, surging 14.8 percent. The ministry said that the increase was partly driven by China's continued economic recovery. Foreign business leaders have expressed confidence in the Chinese economy, believing the

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Japan's real wages slump most in nearly decade

STORY: Japan's real wages slump most in nearly decade DATELINE: May 24, 2023 LENGTH: 00:01:46 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Japan's real wages in the fiscal year 2022 registered the steepest decline since 2014 as price increases outpaced the growth in nominal wages, official data showed Tuesday. In the fiscal year from April 2022 to March 2023, inflation-adjusted real wages fell by 1.8 percent from the previous year, according to the Ministry of Health, Labor and Welfare. This marked the sharpest decline since a 2.9-percent drop in the fiscal year 2014 when an increase in consumption tax led to higher prices. Nominal monthly wages rose by 1.9 percent in the last fiscal year to an average of 326,308 yen, the fastest growth in over 30 years. However, inflation outpaced such gains by experiencing a climb of 3.8 percent due to surging prices in food, electricity, and gas. During the period, regular salary, including base pay, rose 1.1 percent, wh

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Egypt revises budget deficit estimate to 6.9 pct of GDP

STORY: Egypt revises budget deficit estimate to 6.9 pct of GDP DATELINE: May 10, 2023 LENGTH: 00:00:46 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egypt's Parliament 2. various of the Egyptian Finance Minister Mohamed Maait speaking STORYLINE: Egypt's Finance Minister Mohamed Maait announced on Tuesday before the House of Representatives that the government has revised its budget deficit estimate for the 2023-2024 fiscal year to 6.9 percent of the gross domestic product (GDP), 0.6 percent higher than the previous forecast. According to Egypt's state-run Al-Ahram newspaper, Maait attributed this revision to interest rate hikes in Egypt and global markets, as well as increased spending on social protection and the rising cost of basic commodities. Both the World Bank and the IMF have adjusted their growth forecasts for Egypt. The World Bank now predicts a real GDP growth rate of 4 percent for both 2023 and 2024, down from its previous projection of 4.5 percent in December 2022. Similarly,

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Myanmar exports over 1,900 tons of honey in 2022-23 fiscal year

STORY: Myanmar exports over 1,900 tonnes of honey in 2022-23 fiscal year DATELINE: April 13, 2023 LENGTH: 0:02:47 LOCATION: YANGON, Myanmar CATEGORY: ECONOMY SHOTLIST: 1. various of bee farms in Magway region 2. various of honey products STORYLINE: Myanmar exported more than 1,900 tonnes of honey in the 2022-23 fiscal year, earning over 2.8 million U.S. dollars, the Livestock Breeding and Veterinary Department said on Tuesday. The country's 2022-23 fiscal year started on April 1 last year and ended on March 31 this year. During the period, the country shipped 1,853.74 tonnes of honey via sea route and exported 63.44 tonnes of honey via land borders, the department said. "The export of honey this year decreased as its production has declined," U Soe Naing, a director of the department, told Xinhua. Myanmar annually exported about 3,000 tonnes of honey in the previous years, he said, adding that the country annually produced 4,000-5,000 tonnes of honey in the past years. The Southeast Asian c

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Myanmar's total export up 6.9 pct in 2022-23 fiscal year

STORY: Myanmar's total export up 6.9 pct in 2022-23 fiscal year DATELINE: April 10, 2023 LENGTH: 00:02:05 LOCATION: YANGON, Myanmar CATEGORY: ECONOMY SHOTLIST: 1. various of the container port in Yangon, Myanmar 2. various of the container trucks in Yangon, Myanmar STORYLINE: Myanmar exported products worth over 16.57 billion U.S. dollars in the 2022-23 fiscal year, up 6.9 percent from over 15.49 billion dollars a year earlier, data from the Ministry of Commerce showed on Friday. The Southeast Asian country shipped goods worth over 10.48 billion dollars via sea route, while it exported products worth 6.08 billion dollars through land borders, according to the ministry's figures. The export growth between April 1 last year and March 31 this year was led by the rising shipment of manufacturing goods and animal products, it said. Myanmar exported manufacturing goods worth more than 10.9 billion dollars last fiscal year, which became the largest export item during the period, the ministry's figures

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MYANMAR-YANGON-BLACK GRAMS-EXPORT

(230407) -- YANGON, April 7, 2023 (Xinhua) -- This photo taken on April 7, 2023 shows a pile of black grams at a wholesale depot in Yangon, Myanmar. Myanmar exported more than 641,318 tons of black grams in over 11 months of the 2022-23 fiscal year beginning in April last year, the country's Ministry of Commerce said on Wednesday. (Photo by Myo Kyaw Soe/ Xinhua)

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MYANMAR-YANGON-BLACK GRAMS-EXPORT

(230407) -- YANGON, April 7, 2023 (Xinhua) -- This photo taken on April 7, 2023 shows a pile of black grams at a wholesale depot in Yangon, Myanmar. Myanmar exported more than 641,318 tons of black grams in over 11 months of the 2022-23 fiscal year beginning in April last year, the country's Ministry of Commerce said on Wednesday. (Photo by Myo Kyaw Soe/ Xinhua)

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MYANMAR-YANGON-GREEN GRAMS-EXPORT

(230309) -- YANGON, March 9, 2023 (Xinhua) -- This photo taken on March 9, 2023 shows green grams samples at a beans and pulses processing plant in Yangon, Myanmar. Myanmar exported more than 543,606 tons of green grams in nearly 11 months of the 2022-23 fiscal year beginning in April last year, the country's Ministry of Commerce said on Wednesday. (Photo by Myo Kyaw Soe/Xinhua)

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Myanmar exports 106,855 tons of rice in Feb.

STORY: Myanmar exports 106,855 tons of rice in Feb. DATELINE: March 9, 2023 LENGTH: 00:05:00 LOCATION: YANGON, Myanmar CATEGORY: ECONOMY SHOTLIST: 1. various of rice warehouses in Yangon 2. various of workers carrying bags of rice at the warehouse STORYLINE: Myanmar exported 106,855 tons of rice in February this year, as compared to 171,811 tons of rice exported in January, the Myanmar Rice Federation (MRF) said on Tuesday. The Southeast Asian country also exported 84,549 tons of broken rice in February, as compared to 97,024 tons of broken rice registered in January, the MRF data showed. China remained the top buyer of Myanmar's rice and broken rice in February, purchasing 45,000 tons of rice and 64,321 tons of broken rice during the period, the federation's figures showed. During the first 11 months of the fiscal year 2022-23 starting from April last year, the country's rice export reached over 1.28 million tons, while its broken rice export hit more than 812,488 tons, official data showed. Myanmar h

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Japan's lower house approves record 836.9 bln USD budget for FY 2023

STORY: Japan's lower house approves record 836.9 bln USD budget for FY 2023 DATELINE: March 1, 2023 LENGTH: 00:01:11 LOCATION: Tokyo CATEGORY: ECONOMY/MILITARY SHOTLIST: 1. various of Japan's lower house of parliament 2. various of protest against the record defense spending STORYLINE: Japan's lower house of parliament on Tuesday approved a record 114.38 trillion yen (836.9 billion U.S. dollars) budget for fiscal year 2023, with record allocations made for social security costs while controversial defense spending has been factored in despite the country's grim fiscal health. A record 36.89 trillion yen (269.81 billion U.S. dollars), the largest amount ever, has been included in the budget for ballooning social security costs in a bid to deal with Japan's rapidly aging population. The government's budget also includes 6.82 trillion yen (49.88 billion U.S. dollars) in defense spending. This is part of the government's plans to bolster its defensive capabilities, with the broader five-year plan d

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Myanmar's maritime trade up 19.42 pct in over 10 months

STORY: Myanmar's maritime trade up 19.42 pct in over 10 months DATELINE: Feb. 21, 2023 LENGTH: 00:03:33 LOCATION: YANGON, Myanmar CATEGORY: ECONOMY SHOTLIST: 1. various of container port in Yangon 2. various of container ships on the Yangon River STORYLINE: Myanmar's seaborne trade surged 19.42 percent year on year to about 22.24 billion U.S. dollars in over 10 months of the 2022-23 fiscal year beginning in April last year, official data showed on Saturday. From April 1 last year to Feb. 10 this year, the country's maritime export rose 10.21 percent to over 9.22 billion dollars from a year earlier, while maritime imports climbed 26.94 percent to over 13.01 billion dollars, data from the country's Ministry of Commerce showed. During the period, the country saw a total foreign trade value of over 29.33 billion dollars, including its border trade value of more than 7.09 billion dollars, the ministry's figures showed. The Southeast Asian country usually does most of its foreign trade through sea routes as i

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MYANMAR-YANGON-MARITIME TRADE

(230220) -- YANGON, Feb. 20, 2023 (Xinhua) -- This photo taken on Feb. 20, 2023 shows a port in Yangon, Myanmar. Myanmar's seaborne trade surged 19.42 percent year on year to about 22.24 billion U.S. dollars in over 10 months of the 2022-23 fiscal year beginning in April last year, official data showed on Feb. 18. (Photo by Myo Kyaw Soe/ Xinhua)

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U.S.-WASHINGTON, D.C.-WORLD BANK CHIEF-EARLY LEAVE

(230216) -- WASHINGTON, Feb. 16, 2023 (Xinhua) -- This file photo taken on Oct. 13, 2022 shows World Bank Group President David Malpass attending a press conference in Washington, D.C., the United States. World Bank Group President David Malpass announced on Wednesday his intention to step down a year before the end of his term, said the organization. The World Bank chief will leave his position by the end of the group's fiscal year on June 30 after serving more than four years, said the World Bank. (Xinhua/Liu Jie)

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U.S.-WASHINGTON, D.C.-WORLD BANK CHIEF-EARLY LEAVE

(230216) -- WASHINGTON, Feb. 16, 2023 (Xinhua) -- This file photo taken on Oct. 13, 2022 shows World Bank Group President David Malpass attending a press conference in Washington, D.C., the United States. World Bank Group President David Malpass announced on Wednesday his intention to step down a year before the end of his term, said the organization. The World Bank chief will leave his position by the end of the group's fiscal year on June 30 after serving more than four years, said the World Bank. (Xinhua/Liu Jie)

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Myanmar exports over 1.35 mln tons of beans, pulses in nearly 10 months

STORY: Myanmar exports over 1.35 mln tons of beans, pulses in nearly 10 months DATELINE: Feb. 1, 2023 LENGTH: 00:03:44 LOCATION: YANGON, Myanmar CATEGORY: ECONOMY SHOTLIST: 1. various of a beans and pulses depot in Yangon, Myanmar 2. various of the Bayintnaung commodity trading market STORYLINE: Myanmar exported more than 1.35 million tons of beans and pulses in nearly 10 months of the 2022-23 fiscal year beginning in April last year, according to the Ministry of Commerce on Tuesday. From April 1 last year to Jan. 20 this year, the country earned over 1.05 billion U.S. dollars from the exports of beans and pulses, the ministry's figures showed. During the period, Myanmar shipped over 1.18 million tons of beans and pulses via sea routes and transported over 170,804 tons of beans and pulses through land borders, the ministry's data said. The Southeast Asian country usually does most of its foreign trade through sea routes as it has a long coastline. It conducts border trade with China, Thailand,

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MYANMAR-YANGON-EXPORT

(230201) -- YANGON, Feb. 1, 2023 (Xinhua) -- This photo taken on Feb. 1, 2023 shows a port in Yangon, Myanmar. Myanmar exported more than 1.35 million tons of beans and pulses in nearly 10 months of the 2022-23 fiscal year beginning in April last year, according to the Ministry of Commerce on Tuesday. (Photo by Myo Kyaw Soe/Xinhua)

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Kyocera's durable smartphones popular overseas

OSAKA, Japan - One of the durable smartphones Kyocera Corp. is set to sell in Latin America in 2015 is shown in this undated photo. The Japanese company's consolidated sales in its telecommunications business for fiscal 2014 ending March 31, 2015, are expected to show a 10 percent year-on-year rise thanks to brisk overseas demand.

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Coming-of-age ceremony in Fukushima

KAWAUCHI, Japan - Young women smile after a ceremony for young people coming of age this fiscal year in the Fukushima Prefecture village of Kawauchi on Aug. 14, 2012. Some villagers returned home earlier this year after all the villagers were forced to evacuate in the wake of the nuclear crisis in 2011.

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Coming-of-age ceremony in Fukushima

KAWAUCHI, Japan - Kawauchi Mayor Yuko Endo (R) hands a certificate to a young woman during a ceremony for young people coming of age this fiscal year in the Fukushima Prefecture village of Kawauchi on Aug. 14, 2012. Some villagers returned home earlier this year after all the villagers were forced to evacuate in the wake of the nuclear crisis in 2011.

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FY 2008 sales seen falling 21% at Nagoya's Midland Square mall

NAGOYA, Japan - This photo taken Feb. 10 shows the Midland Square in front of JR Nagoya Station in Aichi Prefecture. Sales at the Midland Square mall in fiscal 2008 ending next month are estimated to decline 21.7 percent from the previous year to 18 billion yen as the current recession has been affecting luxury product sales.

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Lightning satellite built by small businesses in Osaka

OSAKA, Japan - A lightning observation satellite built by a consortium of small businesses in Osaka on display in Higashi Osaka, Osaka Prefecture, on Aug. 25. The cube-shaped SOHLA-1 satellite, which measures 50 centimeters on each side, is scheduled to be launched aboard a Japan Aerospace Exploration Agency rocket this fiscal year and will be used to study lightning phenomena on Earth. The consortium was set up in 2002 by nine small high-tech businesses mainly based in Higashi Osaka.

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Road-related tax bill passes Diet in lower house revote

TOKYO, Japan - Prime Minister Yasuo Fukuda (3rd from R) and members of his Cabinet stand in acknowledgement on the front bench of the House of Representatives on May 13 after the lower house passed a bill to keep tax revenues earmarked for road building for 10 years from this fiscal year, overriding the opposition-controlled upper house.

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Emperor, empress invite cultural awards winners to tea party

TOKYO, Japan - Emperor Akihito (R) talks with this fiscal year's recipients of the Order of Culture and people designated as Persons of Cultural Merit for distinguished services in their fields at a tea party at the Imperial Palace on Nov. 6. (Pool photo)

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Japan's policy guideline calls for medical spending goal

TOKYO, Japan - Prime Minister Junichiro Koizumi (C) presides over a meeting of his Council on Economic and Fiscal Policy, flanked by Chief Cabinet Secretary Hiroyuki Hosoda (L) and economic and fiscal policy minister Heizo Takenaka (R) on June 21. The panel adopted an economic and fiscal policy guideline calling for establishing within this year a goal for rationalizing medical care spending.