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Recorded music income up healthy 7% in Norway in first half of 2015

OSLO: Recorded music income was up a healthy 7% in Norway in the first half of 2015, with streaming finding yet more growth to heavily dominate the market. Total revenues stood at 305 NOK (€34.2m), up from 285m NOK (€32m) in H1 2014. According to IFPI stats, Norway was the 15th biggest recorded music market across last year. Ahead of ... Read More »

Tenants typically spend 39.1% of income on rent compared with EU average of 28%

LONDON: UK rental costs are the highest in Europe but homeowners are benefiting from cheap mortgages, data suggests. Tenants typically spend 39.1% of their income on rent compared with a European average of 28%, figures from the National Housing Federation suggest. The federation, which represents housing associations, also said that renters were less secure in their homes, owing to short ... Read More »

Polish real income per person up by 3.2% in 2014

WARSAW: The financial situation of Polish households has improved in 2014, according to data published by the Central Statistical Office (GUS). The average monthly real income grew by 3.2 percent y/y and stood at PLN 1,340 per person. The average expenses increased by 1.6 percent y/y and stood at PLN 1,079 per person. It accounted for. Read More »

Jordan tourism income decrease 11.9% in Q1of 2015

AMMAN: Jordan’s first quarter tourism revenue dropped 11.9 per cent as visitor numbers from Europe and North America fell by more than a fifth because of wars in neighboring nations, Jordan’s tourism minister said on Tuesday. Jordan shares frontiers with Iraq and Syria, where the Islamic State has seized swathes of territory. Amman took a lead role in conducting air ... Read More »

Jordan tourism income decrease 11.9% in Q1of 2015

AMMAN: Jordan’s first quarter tourism revenue dropped 11.9 per cent as visitor numbers from Europe and North America fell by more than a fifth because of wars in neighboring nations, Jordan’s tourism minister said on Tuesday. Jordan shares frontiers with Iraq and Syria, where the Islamic State has seized swathes of territory. Amman took a lead role in conducting air ... Read More »

UK Middle-income earners face higher tax bills: Institute of Fiscal Studies

LONDON: Middle-income earners in the UK will face higher tax bills regardless of who wins the May 7th general election, the Institute of Fiscal Studies (IFS) has warned. The IFS accused political parties of producing “vague and opaque” tax and spend policies. More than 1.5 million people earning £40,000 to £50,000 (€55,800 to €69,800) would pay the higher 40per cent ... Read More »

Remittances of Lebanese expatriates increase from $7.86b in 2013 to $8.9b in 2014

BRUSSELS: Expatriates’ remittances to Lebanon increased by 13.2 percent in 2014 compared to 2013, according to a recent report released by the World Bank. Remittances of Lebanese expatriates increased from $7.86 billion in 2013 to $8.9 billion in 2014, the report said. But the report noted that the previous years saw a 16.8 percent increase in remittances from $6.73 billion ... Read More »

Taiwan’s Catcher earns record income NT$17.87 b in 2014

TAIPEI: Catcher Technology Co , which supplies metal casings for Apple Inc’s iPhone models, reported net income of NT$17.87 billion (US$568.47 million) for last year, or NT$23.52 per share, a record high for the company here the other day. The annual figure jumped 29.5 percent from the previous year’s NT$13.8 billion, Catcher said. The average gross margin last year also ... Read More »

Income gap between Dublin, other regions widens again

DUBLIN: The income gap between Dublin and rest of the country has begun to rise again after narrowing at the height of the recession. Figures from the Central Statistics Office (CSO) show the Dublin region had the highest average disposable income in per person in 2012. At €22,011, it was 13 per cent higher than the State average of €19,468 ... Read More »

Taiwan’s Catcher earns record income NT$17.87 b in 2014

TAIPEI: Catcher Technology Co , which supplies metal casings for Apple Inc’s iPhone models, reported net income of NT$17.87 billion (US$568.47 million) for last year, or NT$23.52 per share, a record high for the company here the other day. The annual figure jumped 29.5 percent from the previous year’s NT$13.8 billion, Catcher said. The average gross margin last year also ... Read More »

Taiwan’s Chang Hwa bank posts NT$12.45b pre-tax income in 2014

TAIPEI: State-run Chang Hwa Commercial Bank Ltd aims to build on the record-high profit it posted last year by increasing this year’s earnings through organic growth driven by corporate lending and overseas operations, Chairman Chang Ming-daw said here the other day. Chang Hwa Bank, in which Taishing Financial Holding Co and the Ministry of Finance are the two largest shareholders, ... Read More »

Taiwan’s Chang Hwa bank posts NT$12.45b pre-tax income in 2014

TAIPEI: State-run Chang Hwa Commercial Bank Ltd aims to build on the record-high profit it posted last year by increasing this year’s earnings through organic growth driven by corporate lending and overseas operations, Chairman Chang Ming-daw said here the other day. Chang Hwa Bank, in which Taishing Financial Holding Co and the Ministry of Finance are the two largest shareholders, ... Read More »

Turkey tax incomes rise 6.6% to 34.8 billion liras

ANKARA: Turkey’s January budget recorded around 3.8 billion Turkish liras ($1.5 billion) of surplus and 8.8 billion liras ($3.5 billion) of non-interest surplus in January. Tax incomes rose to 34.8 billion liras by a 6.6 percent increase. It was seen that mainly the incomes from indirect taxes hiked dramatically in the mentioned period. In this vein, the incomes from added value ... Read More »

Singapore household incomes jump 4.1% to $6,109 in 2014

SINGAPORE: Households across all income groups earned more last year amid a tight labour market, although income inequality also crept up. In households with at least one person working, the median monthly income from work rose to S$8,290 (US$6,109) last year, up from $7,870 in 2013. That is a 5.3 per cent jump in nominal terms, or a 4.1 per ... Read More »

NBP Rs18b profit: leap by 143pc, deposits climb to Rs76b

KARACHI: The National Bank of Pakistan (NBP) has recorded Rs12.1 billion profit-after-tax from January to September in 2014, showing a growth of 107 per cent. The NBP pre-tax profit increased by 143pc to Rs18 billion during in the nine months this year against Rs7.4 billion of the corresponding period of 2013. The bank’s earnings per share (eps) soared up to ... Read More »

82 million people earn less than $1 a day in China

BEIJING: The world’s second-largest economy, China, have more than 82 million poor people who earn less than $1 a day as its official poverty standard is an annual income of 2,300 yuan ($375). A senior government official, Zheng Wenkai, told media that China’s poor would rise to more than 200 million if the international standards were applied as World Bank’s ... Read More »