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Sri Lanka offers fuel quotas to firms that can pay in dollars

  Bloomberg Bankrupt Sri Lanka is offering a guaranteed fuel quota to any company that can pay in dollars. Potential purchasers must pay as much as a month in advance to open a consumer account at state-run Ceylon Petroleum Corp, Energy Minister Kanchana Wijesekera tweeted. Fuel will be issued on a daily or weekly basis from July 12, according to ...

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Indonesia pushes for Covid-19 boosters

  Bloomberg Indonesia will ask people to show proof of a third Covid-19 vaccine shot to access crowded areas as the government banks on inoculation to manage an increase in cases. The government seeks to encourage people to get their booster shots, said Health Minister Budi Gunadi Sadikin in a briefing. Previously, limiting entry to shopping malls and public areas ...

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Goldman sees China household spending rising 4.5% in H2

Bloomberg China’s household spending may rebound in the second half of 2022, increasing 4.5% from a year earlier as Covid restrictions ease and the economy begins to recover, according to Goldman Sachs Group Inc economists. That expansion would follow a gloomy second quarter, with Goldman forecasting spending in the April-to-June period likely contracted 1.5%, largely because of slower growth in ...

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