Thursday, February 21, 2008

Indian Pulses Import to be 3.5 Million Tonnes for 2008

by Phillip Horton

Industry officials said that India will be forced to import 3.5 million tones of pulses for the year 2008/09, because there was a deficit in the winter harvest of pulses. India will have to import the pulses at higher prices from the already competitive pulses market of the world, the industry officials further added. India [...]

Wednesday, February 20, 2008

Malaysian FDI Up by 69% for 2007

by Michelle Roberts

According to Malaysian Trade Minister Rafidah Aziz the foreign direct investment or FDI in the country soared by almost 69% in the year 2007. Most of these figures saw the dominance of manufacturing investment however the FDI also included for the first time the investment in services. Investment in services is increasing and is the [...]

China Likely to Continue Tightening Policy to Tame Inflation

by Richard York

Economic analysts are of the opinion that the rising inflation pressure will force the Chinese policy makers to continue with their tightening policy despite the global economic slowdown due to the sluggish US economy. Analysts say that the Chinese leadership is most likely to tighten its monetary policy still further and let the Yuan quickly [...]

Government Investment in Industrial Infrastructure Increases

by Phillip Horton

According to Kamal Nath, the Indian minister for Commerce and Industry, the government has invested funds amounting to rupees 14,000 crore in the building of industrial infrastructure. The investment comes under the industrial park scheme of the government of India. The minister provided this information while he was addressing his ministry at the Parliamentary Consultative [...]

Tuesday, February 19, 2008

Kiwi Dollar Declines as US Slowdown Pours Cold Water over Carry Trade

by Michelle Roberts

The dollar of New Zealand registered a drop last week after gaining for four consecutive days in the market. The drop in the Kiwi dollar is attributed to the sluggish US economy that will hurt global economic growth and undermine the lure of the high earning currencies. The New Zealand dollar is called Kiwi which [...]

Chinese FDI Doubles

by Richard York

The Chinese foreign direct investment more than doubled in the first month of the New Year from the figures recorded in the earlier year. The doubling of the FDI in China added more fuel to the fastest growing economy of the world and threatened overheating of the economy. Foreign cash has been flooding the Chinese [...]

India Outranks China in the Economic Transformation Index

by Phillip Horton

India has secured 25th place in the economic transformation index and it has also got China way out of the competition when it comes to economic transformation. China was placed at the 85th place in the economic transformation index according to the German Foundation, Bertelsmann. The index by the foundation was published in Berlin. The [...]

Monday, February 18, 2008

ANZ Bank’s 2008 Profit May Suffer Due to US Crisis

by Michelle Roberts

The slowdown in the US economy is slowly affecting the economy of the world and the latest forecast by Australia’s third biggest lender, Australia and New Zealand Banking Group Ltd. has investors and shareholders worried about their investments. Chief Executive Officer Michael Smith of the bank said that the bloodbath going on in the debt [...]

Chinese Leadership Trading Carefully in Controlling Food Prices

by Richard York

Food prices in China are rocketing to the skies and this has got the Chinese Communist leadership worried for the fear of a social unrest in the country. The Chinese government is finding it hard to reign in food prices and at the same time tame the inflation rate and the government this time is [...]

Economic Implications of the Indian Fuel Price Hike

by Phillip Horton

The long awaited hike in fuel prices of India was finally announced by the government on February 14 despite protests by the CPM of India an important supporter of the UPA government. Since the prices of fuel in the global market were already high the Indian oil companies had to suffer huge looses which could [...]

Friday, February 15, 2008

Nuclear Power- China’s Biggest Energy Resource

by Richard York

The energy needs of the fastest growing economy of the world China are huge and the nation is looking at nuclear power as the best source of energy to fuel its exponential economic growth. China is the world’s second biggest energy consumer and hence it needs different energy resources. Nuclear power has now assumed a [...]

Food Processing SEZ Planned by IFFCO in Andhra Pradesh

by Phillip Horton

The Special Economic Zone or the SEZs in India are already experiencing great protests from those who have to part with their lands which especially include farmers. The protest for the proposed SEZ of TATA in Kolkata is still raging. However against the backdrop of the protest to the SEZs in the different parts of [...]

JPMorgan Estimates Thailand Unlikely to Relax All Capital Restrictions

by Michelle Roberts

According to JPMorgan Chase and Company, the central bank of Thailand will not relax all the curbs on foreign capital that comes in the country, because the bank wants to slow gains in currency and secure the interest of exporters. The Bank of Thailand in December 2006 had enforced restrictions on equity and real estate [...]

Thursday, February 14, 2008

UN Report States little Slowdown for Asian Economies for 2008

by Michelle Roberts

According to the report by the United Nations, it is predicted that the economies falling in the Asia Pacific will suffer a little slowdown in their economies for the year 2008. The main reason for the slowdown in the economies cited by the report is that the exports by the Asian countries will fall down [...]

Indian Wheat Imports Set to Rise

by Phillip Horton

India is the second biggest consumer of grain in the world, though the infrastructure in the agriculture sector of India has improved greatly it still needs grain imports. Any change in crop plantation or in monsoon patterns hampers the grain yield of India and hence like every other country it has to depend on the [...]

Snowstorm Insurance Claims in China Reach $165 Million

by Richard York

The recent snowstorms may not have much affected the economy of China but it has certainly shaken the insurance industry of China. The recent ice and snow storms in China that began to wreck havoc from January 10 were the worst that the nation experienced in the last fifty years according to the Xinhua news [...]

Wednesday, February 13, 2008

Asian Currencies Improve

by Michelle Roberts

Amidst the growing fear of the effect of the US economic slowdown on world economy the currencies in Asia did well. Among the Asian currencies that recorded a rise, the dollar of Taiwan did pretty well in the market as it reached to its highest position in twenty months. The reason given for the rise [...]

Chinese Stock Market Unshaken Despite Global Recession

by Richard York

The Chinese stock market has remained unaffected and on the contrary it appears strong in the face of economic slowdown in the world and it has also withstood the upheavals in the stock market that occurred for the past many weeks. Experts are of the opinion that the acute decline in the prices of A-share [...]

Corporate Tax Expectations from the Forthcoming Indian Budget

by Phillip Horton

Expectations are running high of corporate India from the forthcoming budget which will be presented by the Indian finance minister by the end of February. In the year that concluded the Indian economy witnessed considerable growth and reports have proved this fact. The Organization for Economic Cooperation and Development or the OECD conducted its first [...]

Tuesday, February 12, 2008

UN Report States little Slowdown for Asian Economies for 2008

by Michelle Roberts

According to the report by the United Nations it is predicted that the economies falling in the Asia Pacific will suffer a little slowdown in their economies for the year 2008. The main reason for the slowdown in the economies cited by the report is that the exports by the Asian countries will fall down [...]

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