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Tag Archives: business

Australia becomes highly lucrative place for Chinese businessmen

CANBERRA: Chinese business leaders have ranked Australia as the most attractive place to do business out of a group of large economies and are twice as likely to want to holiday in Sydney, Melbourne or the outback as New York, Los Angeles or Chicago. The first opinion poll of business decision-maker attitudes towards Australia finds they hold the country in ... Read More »

UK business visits hit record 33% growth during 2015

LONDON: Business visits and the events sector are outperforming the wider tourism industry, the International Passenger Survey revealed. The latest report indicates that business visits grew by a record 33% during January 2015, with total of 680,000 visits. This figure shows the sector tracking as 11% higher in November 2014 to January 2015, compared to the same three-month period recorded ... Read More »

French business morale rises from 94 in February to 96 in March

PARIS: French business morale stood at its highest in nearly three years in March, data from statistics office INSEE showed, while morale in the industrial sector alone was close to the long-term average. The composite indicator of business morale rose from 94 in February to 96, its highest level since April 2012. The more closely watched industrial morale reading edged ... Read More »

UK business costs fall in February for first time in 6 years

LONDON: UK businesses saw overall costs fall in February for the first time in six years, a survey from BDO suggests. The accountancy and services group said that its inflation index had descended into deflationary territory for the first time since 2009. BDO has attributed  fall to the sharp drop in crude oil prices, which have almost halved since June. ... Read More »

Dunkin’ Donuts likely to open branch in Netherlands after 14 years

AMSTERDAM: American food company Dunkin’ Donuts expects to open its first shop in the Netherlands in 2016. ‘It has been a long haul, but I expect to have our first shop opened in 2016,’ vice president of development Jeremy Vitaro said. The company first said last April it planned to return to the Netherlands after a 14-year absence. However, the ... Read More »

Kuwait, Korea agree to expand business relations

KUWAIT CITY: President Park Geun-hye requested the Kuwaiti emir to provide more opportunities for Korean firms eyeing massive infrastructure pushed by the Gulf nation, and agreed to expand cooperation in renewable energy, medical services and information technology. Park and the emir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, in their summit talks oversaw the signing of three memorandums of understanding ... Read More »

$37 million promised to HK businesses hit by protests

HONG KONG: Hong Kong announced measures totaling HK$290 million ($37 million) to help businesses hit by more than two months of pro-democracy protests as the government seeks to rebuild confidence in the Asia financial center here the other day. Financial Secretary John Tsang, speaking in his budget address, said the measures included waiving licence fees for 26,000 restaurants and other ... Read More »

400 UK firms record improved demand from European customers

LONDON: A survey of almost 400 firms showed they have enjoyed a relatively strong start to 2015, increasing the chances of recruiting staff and investing. The report by the EEF manufacturers’ organisation and global law firm DLA Piper said some manufacturers were seeing improved demand from their European customers. The poll suggested that the positive run of output expansion across ... Read More »

400 UK firms record improved demand from European customers

LONDON: A survey of almost 400 firms showed they have enjoyed a relatively strong start to 2015, increasing the chances of recruiting staff and investing. The report by the EEF manufacturers’ organisation and global law firm DLA Piper said some manufacturers were seeing improved demand from their European customers. The poll suggested that the positive run of output expansion across ... Read More »

Maybank to enhance business in Indonesia

JAKARTA: Malaysia’s Malayan Banking Berhad (Maybank), the fourth largest lender in Southeast Asia, aims to enhance its business in international banking, including through its Indonesian subsidiary, so that it can have a stronger footing in the emerging region. “To implement our regionalization agenda, we are expecting to enhance our businesses in Singapore and Indonesia, which are currently our largest contributors, ... Read More »

$37 million promised to HK businesses hit by protests

HONG KONG: Hong Kong announced measures totaling HK$290 million ($37 million) to help businesses hit by more than two months of pro-democracy protests as the government seeks to rebuild confidence in the Asia financial center here the other day. Financial Secretary John Tsang, speaking in his budget address, said the measures included waiving licence fees for 26,000 restaurants and other ... Read More »

$37 million promised to HK businesses hit by protests

HONG KONG: Hong Kong announced measures totaling HK$290 million ($37 million) to help businesses hit by more than two months of pro-democracy protests as the government seeks to rebuild confidence in the Asia financial center here the other day. Financial Secretary John Tsang, speaking in his budget address, said the measures included waiving licence fees for 26,000 restaurants and other ... Read More »

German business confidence rises for 4 month on opitmism over ECB stimulus for Greece

BERLIN: German business confidence rose for a fourth month as faster economic growth and optimism over European Central Bank stimulus outweighed fears of a worsening Greek crisis. The Ifo institute’s business climate index, based on a survey of 7,000 executives, advanced to 106.8 in February from 106.7 in January. The median estimate of 37 economists in a Bloomberg News survey ... Read More »

Belgium broadcast equipment maker EVS predicts slowdown of its business in 2015

BRUSSELS: Belgium broadcast-equipment maker EVS predicted dull activity in its business in 2015 due to less sporting events and clients postponing investments in live production equipment. As an odd year, 2015 has fewer of the large sporting events such as the Olympic Games and soccer championships to drive EVS’s sales. The group said its order book in February was some 40 percent ... Read More »

Belgium broadcast equipment maker EVS predicts slowdown of its business in 2015

BRUSSELS: Belgium broadcast-equipment maker EVS predicted dull activity in its business in 2015 due to less sporting events and clients postponing investments in live production equipment. As an odd year, 2015 has fewer of the large sporting events such as the Olympic Games and soccer championships to drive EVS’s sales. The group said its order book in February was some 40 percent ... Read More »

Belgium broadcast equipment maker EVS predicts slowdown of its business in 2015

BRUSSELS: Belgium broadcast-equipment maker EVS predicted dull activity in its business in 2015 due to less sporting events and clients postponing investments in live production equipment. As an odd year, 2015 has fewer of the large sporting events such as the Olympic Games and soccer championships to drive EVS’s sales. The group said its order book in February was some 40 percent ... Read More »

Business Climax Index for European companies in Vietnam rises slightly in 4Q

HANOI: The Business Climate Index, a barometer of the business sentiment among European companies operating in Vietnam, rose slightly in the fourth quarter of 2014, according to the European Chamber of Commerce. Eurocham said in a report that the rise is driven by optimistic views in regards to both the current business situation and the business outlook for the future. ... Read More »

$500/vehicle every quarter: Zimbabwe ZDSA urges Transport Ministry to withdraw tax

HARARE: Zimbabwe ZDSA (Zimbabwe Down Syndrome Association) members urged Treasury and the Ministry of Transport to withdraw the tax, saying it choked their businesses. Part of the petition reads: “Business for driving schools has been on a free fall over the past years owing to the closure of major industries and the resultant high unemployment levels . . . we ... Read More »

Economy suffers because of political chaos: Bangladesh traders

CHITTAGONG: Bangladesh business community of the port city expressed serious concern over the ongoing unrest saying it would affect the country’s overall trade and economic activities. “We strongly oppose the political unrest as it slows down the pace of the trade and commerce. The inflow of foreign direct investment will be affected due to the unfriendly business environment in Bangladesh,” ... Read More »

Shell all set to sell businesses in Norway

OSLO: The oil giant will sell its retail, commercial fuels and supply and distribution logistics businesses in Norway. Its aviation business in Norway will become a 50-50 joint venture with ST1. The deal will have no impact on Shell’s other businesses in Norway – Shell Energy Europe, Gasnor and Upstream, and Shell lubricants will continue to be sold via a ... Read More »