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Turkmenistan State Commodity Exchange Reports Weekly Trade Results

20 Apr. 10:57

Source

The State Commodity and Raw Materials Exchange of Turkmenistan concluded its weekly trading sessions with a total of 18 registered transactions. International business representatives finalized contracts amounting to over 28.074 million US dollars. These figures reflect a robust international appetite for Turkmenistan’s industrial and chemical outputs during the reporting period.

Business groups from Turkey and Uzbekistan focused their acquisitions on strategic industrial chemicals and petroleum products. Key purchases included technical sulfuric acid produced by the "Turkmenhimiýa" State Concern and base oils manufactured by the "Türkmennebit" State Concern. These commodities remain central to the country’s export strategy, serving as essential raw materials for regional industrial sectors.

A diverse range of light industry and agricultural goods was also sold to entrepreneurs from the UAE, India, Kyrgyzstan, and other nations. The exported goods included cotton yarn, various fabrics, licorice root extract, and finished textile products such as denim wear and terry cloths. The inclusion of wheat flour and other processed goods highlights the expanding reach of the nation’s manufacturing capabilities.

On the domestic front, local entrepreneurs secured raw materials valued at over 20.955 million manats to support internal industrial growth. The domestic transactions primarily involved cotton fiber, raw silk, and cotton yarn. These purchases are aimed at supplying local factories with the necessary resources to satisfy domestic market demands and bolster value-added production.

















Singapore Pledges Up to $55,000 Per Child to Boost Falling Birth Rates

24 Aug. 12:48

Source

Facing a record drop in fertility rates, Singapore is significantly expanding its family support framework. According to Bloomberg, Prime Minister Lawrence Wong announced increases in direct financial assistance alongside enhanced housing benefits for young families.

Under the updated policy, every Singaporean child up to the age of 17 will be eligible to receive up to 70,000 Singapore dollars (approximately $55,000 USD) in total support, which includes cash payouts, educational grants, and related benefits. The government is also expanding paid parental leave and capping monthly out-of-pocket costs for government-subsidized childcare at 150 Singapore dollars.

These interventions aim to reverse a severe demographic decline, marked by last year's fertility rate drop to 0.87 children per woman, while over 20% of the country's population is currently aged 65 or older.