Friday, February 29, 2008

Pakistan increases oil prices finally

by Michelle Roberts

On the first of March, Pakistan for the first time in almost 22months increased the gasoline price in the country. Pakistan also raised the price of diesel. The move comes as no surprise to anyone as almost all the countries across the world has been increasing the price of gasoline because of the record level [...]

Pension funds to improve Equity stakes

by Richard York

The $70 billion national pension fund that has been approved is believed to improve the equity stakes in the domestic companies. It is also supposed to boost the investment that is there in the infrastructure industry, the national pension chairman Dai Xianlong said on the 29th of February.
He also said that, even though many other [...]

Indian budget released

by Phillip Horton

On the 29th of February the Indian finance minister Palaniappan Chidambaram had prepared the final budget before this government’ term ends. The new budget has come out with slashes in taxes along with waiving the farm loans. This move by the minister according to many is to gather as much support from the voters and [...]

Thursday, February 28, 2008

Industrial Production in Japan Drops, Risks Economic Slowdown

by Michelle Roberts

The industrial output of Japan dropped by double than estimated in January this year and this lowered stock prices on speculation that Japan’s economy might have to suffer a slowdown or even shrink for the first quarter of 2008. Economists estimate the yield to drop in January or March from the earlier quarter. Chief economist [...]

Beijing Unveils Largest Airport Terminal as Summer Olympics Draw Closer

by Richard York

The Beijing Capital International Airport Company is all set to unveil its third airport terminal which is larger than all the five air terminals at the Heathrow Airport in London. The opening of this air terminal will enhance Beijing’s ability to handle air passengers as the city prepares for the approaching Summer Olympics. This air [...]

Union Budget Likely to Focus on Poor as Elections Draw Closer

by Phillip Horton

The Indian budget which will be presented in the Parliament today is expected to focus on the poor and this budget will be a deficit spending budget of the UPA government. The budget is also expected to encourage infrastructure development in the country and all this is being seen as part of the UPA government’s [...]

Wednesday, February 27, 2008

Haldia on a Second Resurgence

by Phillip Horton

The Haldia Petrochemicals project of about Rs 6,000-crore was the major achievement when Jyoti Basu was in power in West Bengal. Now the challenge that lies before chief minister Buddhadeb Bhattacharjee is the Nayachar project which is a multicrore investment. In the Nayachar project a big chemical plant is expected. Following the Nandigram failure of [...]

Chinese Property Prices on the Decline

by Richard York

The biggest property developers of China are now seeking the help of discounts and incentives for customers so that the declining sales and credit crisis can be kept in control. The problems of declining sales and the credit shortage have begun since the end of 2007. The biggest developer by assets on the mainland, Vanke [...]

Asian Stocks Records a drop for the first time in the week as Yen strengthen against Dollar

by Michelle Roberts

Stocks in Asia recorded a drop for the first time in the current week and the drop was led by the fall in the stocks of automakers and finance institutions. The Yen of Japan also consolidated against the dollar and Goldman Sachs JBWere cut down its prediction of share prices on the Australian Banks, these [...]

Tuesday, February 26, 2008

Bakrieland Likely to Gather 3.5 Trillion Rupiah through Unit Stake Sale

by Michelle Roberts

Indonesia’s largest property developer by value, Bakrieland Development is likely to raise an amount of 3.5 trillion Indonesian Rupiah that is $385 million in the current year. The biggest property developer will be raising the funds by way of selling its stakes in a homebuilding section and toll road ownership. U.S. hedge fund Avenue Capital [...]

SEPA of China Blacklists 141 Serious Pollutants

by Richard York

The State Environmental Protection Administration or SEPA, the Chinese environmental agency on Tuesday came down harsh on as many as 141 pollutants and blacklisted them due to their serious danger to the environment and serious pollution these pollutants were causing. Deputy Director of the State Environmental Protection Administration, Pan Yue told that the blacklisted items [...]

Funding Basic Education through Cess Pool

by Phillip Horton

The two percent education tax levied upon tax payers of India means that the load of funding basic education in India is straight on the shoulders of the tax payers. Ever since the introduction of the education cess the cess pool has been accounting more and more for basic education in India. There are [...]

Monday, February 25, 2008

Increasing Asian Demands for Palm Oil May Affect Soy

by Michelle Roberts

Palm oil is the cheapest cooking oil in the world and that is why it is mostly used in cooking all over the world but this picture may not last long as many of the biggest nations of Asia are asking for palm oil. Palm oil is the most essential element in food items like [...]

Inadequate Coal Supply to Affect Power Production in China

by Richard York

The worst in fifty years snowstorms in China is showing its effect on the economy of China which has already suffered loss of lives and agriculture produce. Although news had it that the limited Chinese coal supply in Asia had increased coal prices in the region, now the country itself is under serious trouble of [...]

RBI Increases MNC Monitoring Fearing Subprime Crisis

by Phillip Horton

The US led Subprime mortgage crisis has affected the economies of the world and the effects of the crisis are yet to be fully realized for some nations. In Asia the effects of the subprime crisis for some time now has had little or no effect on the Chinese and the Indian economies but government [...]

Friday, February 22, 2008

Fastest Growth for Thailand Economy in Six Quarters

by Michelle Roberts

Speculation has it that the economy of Thailand grew at its fastest speed in the last three months of the year that concluded. The reason for the fast growth of the Thai economy in six quarters is cited as the increase in export of computer chips, automobiles and rice. The economy of Thailand is the [...]

Chinese Government Subsidy to Farmers for Buying Refrigerators and Televisions

by Richard York

Farmers in the rural regions of China now have reason to smile since their government is helping them to buy things like television sets, mobile handsets and refrigerators. When one such farmer Yuan Shanchun became the first such beneficiary of the government’s grace and when this 51 year old farmer was able to buy a [...]

Budget Countdown: Indian Farmers Expect Great Relief

by Phillip Horton

The Indian farmers for now have been badly hit by debts and the question of farmer suicides from the different states of the country has put great pressure on the UPA government. Most of the cases of farmer suicides have been recorded in the Vidarbha region of the state of Maharashtra. The farmers from this [...]

Thursday, February 21, 2008

Garuda to Raise Funds for New Planes by $200 Million Share Sale

by Michelle Roberts

Garuda Indonesia, Indonesia’s largest airline is planning to fund its new aircrafts by selling $200 million shares in the next year. The airline is also in the process of persuading the European regulators to remove the ban imposed on it citing safety reasons. Emirsyah Satar, the Chief Executive Officer said that Garuda is talking to [...]

Tough Times for Chinese Banking in 2008: Analysts

by Richard York

The year 2007 for the Chinese banking sector was the most brilliant. However, in the current year, the banking sector of China will have to face tougher times, as fear of global economic slowdown led by the US economy begins to take its effect. In addition to this global slowdown in the economy, the tight [...]

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