The Chronicle Patrick Chitumba, Head of the Midlands BureauThe GOVERNMENT is concerned that the rising prices of goods and services are eroding the salaries of civil servants due to the use of black market exchange rates by companies. To date, the government has raised civil servants’ salaries twice, representing a combined increase of 75...
Read More“Kya aapke portfolio mein crypto hai?” If you’ve read such ad lines recently – and now watch cryptic ads while surfing IPL 2021, YouTube, and various social media platforms – be sure to save your hard-earned cash for a while. Indian cryptocurrency players are bombarding people with advertisements across all platforms – doubling their...
Read MoreAfter the dissolution of the Soviet Union, Belarus was the rare ex-Soviet state to remain strategically aligned with the Russian Federation. In 1999, Russia and Belarus reached an agreement to become a “State of Union”, which aimed to create a USSR-like federation with a similar government, currency, flag and army. Over the past two...
Read MoreEconomists recommend additional support for MSMEs New Delhi, October 7 (KNN) According to key economists who worked on the FICCI Economic Outlook Survey, they felt that continued support remains particularly critical for MSMEs and the informal sector. Changing MSME classification standards for NPAs, reducing cash margins, changing personal collateral requirements will go a long...
Read MoreAs the country commemorates a new year of independence, members of the organized private sector of the Nigerian economy have urged the federal government to address lingering macroeconomic issues to ensure that the private sector, especially manufacturers, contribute in a meaningful way. significant to the economy. According to PAHO, the quality of the business...
Read MoreBy Paul Vieira OTTAWA – Canada’s official international reserves declined by $ 269 million in September, the federal Department of Finance said on Tuesday. As of September 29, foreign exchange reserves and other monetary assets stood at $ 106.27 billion, down from $ 106.54 billion a month earlier. The government did not report any...
Read MoreIt’s not the end of the world as we know it. In fact, it’s déjà vu, or it would have been if you had been careful in story class. Our nation has been repeatedly divided by politics, economics, and public health, and it seems like a tall order to become a nation again under...
Read MoreSanctions are real, but we punish ourselves too By Nathan Gurira No matter how well-intentioned and determined the Reserve Bank of Zimbabwe (RBZ) is to eradicate widespread delinquency in the economy, the effort may count for nothing if other institutions that should be seized to tackle the vice, in all its forms, are inflaming...
Read MoreFitch Ratings has confirmed First City Monument Bank’s (FCMB) Long-Term Issuer Default (IDR) rating at ‘B- with a stable outlook. This is indicated in the report published Thursday by Fitch Ratings on its website. According to the rating commentary, the national long-term rating has been upgraded from “BBB + (nga)” to “BBB (nga)” in...
Read MoreThe dollar official was exchanged this Friday, October 1 at 98 $ for the purchase and $ 104 on sale on the screens of the Bank of Nation Argentina (BNA), unchanged from the previous day. For its part, blue dollar runs at $ 183 upon purchase and $ 186 for sale in the city...
Read More