MANILA -- The Philippines' gross international reserves (GIR) rose to 104 billion U.S. dollars at the end of March from 102 billion dollars at the end of February, the Philippine central bank has said.

In a statement released Saturday night, the Bangko Sentral ng Pilipinas (BSP) said the latest GIR level represents a more than adequate external liquidity buffer equivalent to 7.7 months' worth of imports of goods and payments of services and primary income. (Philippines-BSP-International Reserves)

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ADDIS ABABA -- The Ethiopian government has disclosed its ambition to become a continental leader in startups, with a particular focus on innovation.

During a meeting on Friday, Ethiopia's Minister of Labor and Skills Muferihat Kamil emphasized the government's proactive approach to supporting startups, the state-run Ethiopian News Agency (ENA) reported on Saturday. (Ethiopia-Startup-Innovation)

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SYDNEY -- Heavy rainfall across the Australian state of New South Wales (NSW) last Friday night and subsequent floods had caused significant property damage in the state.

The NSW State Emergency Service (SES) said in a statement on Sunday morning that it was commencing damage assessments in the Illawarra, a coastal region in the southeast of NSW, and Sydney Northern Beaches, and had found 20 properties damaged and six non-habitable in parts of the Illawarra. (Australia-Flood-Damage)

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NAIROBI -- Kenya and France have finalized an agreement to facilitate funding for the upgrading of the Nairobi Commuter Railway, a rail network serving Nairobi and its suburbs, officials said on Saturday.

Musalia Mudavadi, prime cabinet secretary who is also the cabinet secretary for foreign and diaspora affairs, told journalists in Nairobi, the capital of Kenya, that the east African nation will receive a 138.7-million-U.S. dollar loan to modernize its metropolitan railway line. (Kenya-France-Railway) Enditem

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