Asean PRESS RELEASES

Latest CBDC Recommendations From the BIS, IMF, World Bank, US Treasury & Bank of Japan Mirror the Existing Structuring & Functionality of Webtel.mobi’s Fully-Operational TUVs

WM’s TUVs are full Digital Currency and CBDC equivalents Existing Capacities & Functionality of Global Telco Webtel.mobi’s fully-operational TUV Digital Currency + CBDC equivalent mirrors all CBDC Requirements identified by the world’s foremost Macroeconomic & Financial Organizations. Indicates that potential worldwide adoption of the WM TUVs and Global Clearing System by Central Banks and other […]

Asean PRESS RELEASES

Philips’ performance impacted by headwinds; order book strength and improving component supplies expected to deliver growth and profitability improvement from second half of 2022 onwards

July 25, 2022 Highlights Group sales amounted to EUR 4.2 billion, with a 7% comparable sales decline mainly caused by continued supply shortages and prolonged lockdowns in China, on the back of 9% comparable sales growth in Q2 2021 Order book remains strong; comparable order intake increased 1% and includes a 5 percentage-points negative impact […]

Governance

Ilham Aliyev received Araz Ahmadov on his appointment as head of Masalli District Executive Authority, Akbar Abbasov on his appointment as head of Lerik District Executive Authority and Elvin Pashayev on his appointment as head of Goygol District Executive Authority

President of the Republic of Azerbaijan Ilham Aliyev has received Araz Ahmadov on his appointment as head of Masalli District Executive Authority, Akbar Abbasov on his appointment as head of Lerik District Executive Authority and Elvin Pashayev on his …

Industry

Revenues of the Oil Fund from the Azeri-Chirag-Guneshli (ACG) increased by 2 times with a decrease in production volumes by 1 million tons

According to the results of January-June 2022, the revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) from the Azeri-Chirag-Guneshli oil project amounted to $4 billion 871 million, SOFAZ said in a statement.According to the results of…