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Malaysia's capital market posts 5.6 pct growth in 2023

KUALA LUMPUR, March 25 (Xinhua) -- Malaysia's capital market remained resilient in 2023, with the market size growing 5.6 percent to 3.8 trillion ringgit (800 billion U.S. dollars) in 2023 from 3.6 trillion ringgit in 2022, official data showed Monday.

The Securities Commission Malaysia (SC) said in a statement that the increase was driven by the growth of total equity market capitalization and bonds and sukuk outstanding.

Sukuk is an Islamic financial certificate that complies with Islamic religious law commonly known as Sharia.

Pakistan to 'seriously' consider restoring trade ties with India: Foreign Minister Dar

Islamabad, Mar 24 (PTI) Pakistan will “seriously” consider restoring trade ties with India that remained suspended since August 2019, Foreign Minister Muhammad Ishaq Dar has said, indicating a potential shift in diplomatic stance towards the neighbouring nation.

Dar made these remarks during a press conference in London following his participation in the Nuclear Energy Summit in Brussels, Geo News reported.

He highlighted the eagerness of cash-strapped Pakistan's business community to resume trade activities with India.

India and Russia have taken extra care to look after each other's interests: EAM Jaishankar

Singapore, Mar 24 (PTI) Russia is a country with which India has always had a positive relationship and both countries have taken extra care to look after each other's interests, External Affairs Minister S Jaishankar said on Sunday, as he dismissed the notion that Moscow is drifting towards China.

Interacting with the Indian community in Singapore, Jaishankar said India should look at its relationship with Russia or any other country from its perspective.

China's non-financial ODI up 10 pct in first 2 months

BEIJING, March 21 (Xinhua) -- China's non-financial outbound direct investment (ODI) increased 10 percent year on year to 149.64 billion yuan (about 21.09 billion U.S. dollars) in the first two months of the year, official data showed Thursday.

Non-financial ODI in countries participating in the Belt and Road Initiative came in at 33.18 billion yuan during the period, an increase of 0.6 percent year on year, according to the Ministry of Commerce.

The turnover of contracted projects overseas grew 9 percent year on year to 138.06 billion yuan, the ministry said.

China's first homegrown hydrogen-powered urban train completes test

CHANGCHUN, March 21 (Xinhua) -- China's first independently developed hydrogen-powered urban train completed a test at a speed of 160 kph on Thursday, marking a breakthrough in the application of hydrogen energy in rail transit.

The train, developed by CRRC Changchun Railway Vehicles Co., Ltd. in Changchun, northeast China's Jilin Province, was tested on a test track belonging to the enterprise, achieving a full-system, full-scenario and multi-level performance verification.

Israel's Eilat Port to lay off half of its staff

20 March 2024; MEMO: Half the workers at Israel’s Eilat Port are at risk of losing their jobs after the seaport took a major financial hit due to the crisis in Red Sea shipping lanes, Reuters reported officials saying today.

Eilat sits on a northern tip of the Red Sea and was one of the first ports to be affected as shipping firms rerouted vessels to avoid attacks on Israel-linked vessel by the Houthis in Yemen.

Pakistan-IMF reach staff-level agreement on releasing last tranche of USD 3 billion bailout

Islamabad/Washington, Mar 20 (PTI) The IMF on Wednesday said it has reached a staff-level agreement with the new government in cash-strapped Pakistan on the final review of a USD 3 billion bailout, paving the way for the release of the last USD 1.1 billion tranche from the global lender.

The agreement, however, is subject to the approval of the Executive Board of the International Monetary Fund (IMF) to be held in April.

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