Ministers urged to refrain from ‘rude comments’ in wake of anti-China tweet
Updated 05 May 2021
May 05, 2021 01:07
MANILA: The Philippines on Tuesday reiterated that it would not allow its continuing maritime dispute with China to affect the deepening cooperation between the two nations in their fight against the COVID-19 pandemic.
It comes a day after President Rodrigo Duterte rejected an expletive-laced tweet by Foreign Affairs Secretary Teodoro Locsin Jr. demanding China remove its ships from Philippine-claimed territories in the South China Sea, the latest exchange in a war of words with Beijing over the disputed region.
“China remains our benefactor,” Duterte said in a televised address on Monday.
Uganda Asks IMF for $900 Million Three-Year Loan Package
May 05 2021, 6:04 PM
May 05 2021, 5:49 PM
May 05 2021, 6:04 PM
(Bloomberg) Uganda is seeking at least $900 million in a three-year International Monetary Fund program for its budget amid rising spending due to the Covid-19 pandemic.
(Bloomberg) Uganda is seeking at least $900 million in a three-year International Monetary Fund program for its budget amid rising spending due to the Covid-19 pandemic.
Negotiations are expected to conclude ahead of the 2021-22 budget presentation next month, Treasury Deputy Secretary Patrick Ocailap said Wednesday in an interview in the capital, Kampala.
East Africaâs third-biggest economy has fulfilled loan preconditions and expects the Washington-based lender will approve the package, he said. A year ago, the IMF agreed to lend Uganda $491.5 million to alleviate the economic fallout from the pandemic.
RIYADH: Energy investments across the Middle East and North Africa (MENA) will exceed $805 billion over the next five years, said the Arab Petroleum Investments Corporation (APICORP). The growth is expected to be driven by a rebound in the global economy, rising energy demand and the return of Libyan energy projects, it said. The region is also expected to add 3GW of installed
DUBAI: Qatar’s Baladna plans to grow crops in Bulgaria and Romania as the Gulf state boosts its food security in the wake of a pandemic that has exposed the fragility of the global supply chain.
The Doha-listed company also plans to add 1,000 hectares of farm land to grow green crops as it expands its product line ahead of the 2022 World Cup.
Baladna managing director Ramez Al-Khayyat told Bloomberg TV on Wednesday it planned to add 50 more products this year to boost its domestic market while also expanding overseas.
“Today we are exporting to 11 countries from five countries last year,” he said. “In Romania and Bulgaria where we are targeting some backward integration in order to grow our crops there.”