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Tag Archives: Economy

Vietnam’s FIEs share of GDP, investment going pretty positive

HANOI: Vietnam’s Ministry of Industry and Trade (MoIT) Vu Huy Hoang recently discovered in a meeting based on analysis of Vietnam’s economy that Vietnam’s FIEs share of GDP and investment are going pretty positive as Vietnam has been highly successful at mobilizing inward foreign Investment (FDI) over the past few years. Minister of Industry and Trade (MoIT) Vu Huy Hoang ... Read More »

Qatar to spent $12.5bn on housing until 2022

DOHA: An astronomical $12.5bn is to be spent to create adequate housing stocks in Qatar to cater to the growing population ahead of  2022 Fifa World Cup. The sum (QR45.52bn), to be spent over the next seven years, will also cover the basic infrastructure needed to create and support the massive housing stocks. This was announced by the Minister of ... Read More »

Italy’s political, institutional systems vital to ensure success of economic reforms

ROME: Italy’s political and institutional systems are crucial to ensuring the success of ambitious reforms currently underway to boost economic growth and raise living standards, according to a new OECD report. In its latest Economic Survey of Italy, the OECD estimates that if fully implemented, reforms introduced in Italy, should raise GDP by an additional 6% over ten years. The ... Read More »

Japan’s economy expands by 2.2% in 3 months, less than forecasts of 3.7%

TOKYO: Japan’s economy has expanded by an annualised 2.2% in the three months to December in a preliminary reading, compared to forecasts for a 3.7% increase. Japan’s growth in the fourth quarter comes after the economy contracted for the two previous quarters. Japan has been recovering from a sales tax hike, which dampened spending. The economy grew 0.6% in the ... Read More »

Japan’s economy expands by 2.2% in 3 months, less than forecasts of 3.7%

TOKYO: Japan’s economy has expanded by an annualised 2.2% in the three months to December in a preliminary reading, compared to forecasts for a 3.7% increase. Japan’s growth in the fourth quarter comes after the economy contracted for the two previous quarters. Japan has been recovering from a sales tax hike, which dampened spending. The economy grew 0.6% in the ... Read More »

Slow growth: Singapore economy grows 2.9% in 2014, slower than 4.4% of 2013

SINGAPORE: The Singapore economy grew 2.9 per cent in 2014, slower than the 4.4 per cent recorded in 2013, the Ministry of Trade and Industry (MTI) announced . It also maintained the growth forecast for 2015 at between 2.0 and 4.0 per cent. In a statement, MTI said the Singapore economy grew by 2.1 per cent on a year-on-year basis ... Read More »

Slow growth: Singapore economy grows 2.9% in 2014, slower than 4.4% of 2013

SINGAPORE: The Singapore economy grew 2.9 per cent in 2014, slower than the 4.4 per cent recorded in 2013, the Ministry of Trade and Industry (MTI) announced . It also maintained the growth forecast for 2015 at between 2.0 and 4.0 per cent. In a statement, MTI said the Singapore economy grew by 2.1 per cent on a year-on-year basis ... Read More »

Japan’s economy expands by 2.2% in 3 months, less than forecasts of 3.7%

TOKYO: Japan’s economy has expanded by an annualised 2.2% in the three months to December in a preliminary reading, compared to forecasts for a 3.7% increase. Japan’s growth in the fourth quarter comes after the economy contracted for the two previous quarters. Japan has been recovering from a sales tax hike, which dampened spending. The economy grew 0.6% in the ... Read More »

Dutch economy grows 0.5% in final quarter of 2014

AMSTERDAM: The Dutch economy grew 0.5% in the final quarter of 2014, compared with the previous quarter, the national statistics office CBS said in preliminary figures. Year on year, economic growth was 1%, the CBS said. The figures show the economic recovery is continuing at a cautious pace, the CBS said. The last quarter of 2014 was the third successive ... Read More »

Chile govt’s spending to grow 3.6pc in 2015

SANTIAGO: Finance Minister Alberto Arenas has decided to pick up economy in 2015 and grow 3.6pc versus 2014 while presenting 2015 public spending budget plan. The minister disclosed that the government’s spending will rise 9.8pc in 2015, the biggest increase since the 2009 recession, as the government aims to boost investment in education and healthcare to revive an economy growing ... Read More »

Economy of City of Joburg grows by 2.6%

JOHANNESBURG: The economy of the City of Joburg has grown by 2.6 percent, more than either the national or Gauteng economies, despite the global economic recession. Mayoral committee member for finance, Geoff Makhubo, said during the announcement of the annual budget report here the other day that Joburg has received an unqualified audit report from the auditor-general for the second ... Read More »

Thailand, Myanmar working on plans to boost trade

BANGKOK: Thailand and Myanmar are working on big plans to boost trade and entice businesses to locate along their long land border. In western Thailand, where the Moei (Thaunggin) river marks the Myanmar border, economists estimate trade at this key border crossing reached more than a billion dollars last year. With Thailand’s economy stalling following last year’s coup, the ruling ... Read More »

Economy of City of Joburg grows by 2.6%

JOHANNESBURG: The economy of the City of Joburg has grown by 2.6 percent, more than either the national or Gauteng economies, despite the global economic recession. Mayoral committee member for finance, Geoff Makhubo, said during the announcement of the annual budget report here the other day that Joburg has received an unqualified audit report from the auditor-general for the second ... Read More »

Economy of City of Joburg grows by 2.6%

JOHANNESBURG: The economy of the City of Joburg has grown by 2.6 percent, more than either the national or Gauteng economies, despite the global economic recession. Mayoral committee member for finance, Geoff Makhubo, said during the announcement of the annual budget report here the other day that Joburg has received an unqualified audit report from the auditor-general for the second ... Read More »

Economy of City of Joburg grows by 2.6%

JOHANNESBURG: The economy of the City of Joburg has grown by 2.6 percent, more than either the national or Gauteng economies, despite the global economic recession. Mayoral committee member for finance, Geoff Makhubo, said during the announcement of the annual budget report here the other day that Joburg has received an unqualified audit report from the auditor-general for the second ... Read More »

Zimbabwe’s per capita economy remains at same level of 1956: Biti

HARARE:  The Movement for Democratic Change (MDC) Renewal Team addressed journalists at their offices in Harare, under the topic, “Structural economy to Regression” which looked into the prevailing state of the economy. Economic indicators show that the per capita economy is as low as it was in 1958. In the 2015 national budget presentation; Minister of Finance Patrick Chinamasa admitted ... Read More »

Facebook generates $227b economic activity

SAN FRANCISCO: Facebook says it generates a lot of real economic activity worth 227 billion dollar. With 1.35 billion users of its Internet social network, Face book Inc would rank as the world’s second-most populous nation if it were a country. While its users may populate only a virtual country, , according to a new study by consulting firm Deloitte ... Read More »

Denmark economy ‘on right track’ for 2015, performing better than its Scandinavian neighbours

COPENHAGEN: One of the largest financial enterprises in the Scandinavian region Danske Bank released a Nordic outlook report that indicates the Danish economy is performing better than that of its Scandinavian neighbours here the other day. Danske Bank argues that falling oil prices and deflation could affect Scandinavian economies which previously managed to weather the storm of the global banking ... Read More »

Danske Bank: Performance of Denmark economy better than Scandinavian neighbours

COPENHAGEN: Danske Bank released a Nordic outlook report that indicates that the Danish economy is performing better than that of its Scandinavian neighbours. Danske Bank argues that falling oil prices and deflation could affect Scandinavian economies which previously managed to weather the storm of the global banking crisis much better than many of their European neighbours. The Nordic countries have ... Read More »

More than 40pc fall in oil prices to boost New Zealand’s economy

WELLINGTON: Plunging global oil prices are a boon for New Zealanders this summer, and could stimulate worldwide economic growth this year. The global price of oil has plunged more than 40% during the past five months to trade at about $US53 ($NZ69) a barrel, or less. For motorists, households and the transport, manufacturing and retailing sectors, it is welcome relief ... Read More »