Overseas orders won by South Korean builders have exceeded the US$40 billion mark for a third year mainly due to increased demand from the Middle East amid an economic rebound, the government said Wednesday.
According to data offered b…
The winning numbers for the Mid Week Lotto draw held in Accra on Wednesday were, 23-41-26-38 and 75, according to a bulletin of the National Lottery Authority.
The Ajumako-Enyan-Essiam Teachers' Cooperative Credit Union made a net profit of 9,669.09 Ghana cedis in 2009 as against 5,081.45 Ghana Cedis in 2008.
It also granted loans totalling 634,082.91 Ghana cedis in 2009 to members
as agains…
Students of the Gowrie Senior High Technical School are calling for the removal of the Headmistress, Mrs Margaret Akparibo, and threatened not to go back to school if their demand is not met.
A statement read by the President of th…
China's middle class will likely number 700 million in 2020, spurred by strong economic growth in the world's most populous country, a report said Wednesday.
The London-based Euromonitor International Ltd. said in the report that the p…
Samsung Electronics Co. paid one of its vice president-level executives 1.02 billion won (about US$836,000) in annual salary, including incentives, in 2008, according to an insurance suit document involving the executive who was killed in…
POSCO, South Korea's leading steelmaker, said Wednesday that it will expand its stainless steel production capacity in Vietnam to meet growing demand in Southeast Asian markets.
The company plans to construct a plant with a capacity of…
Credit card spending by South Koreans is expected to grow 8.6 percent this year as the economic recovery boosts households' income levels, a report showed Wednesday.
Spending via credit cards is forecast to reach 512.9 trillion won (US…
Snapping out of a five-day long losing streak, gold prices in here on Wednesday recovered by Rs 125 to Rs 18,600 per ten gram on the back of a firming trend in the global markets.
Silver also gained Rs 80 to Rs 28,980 per kg on inc…
Bogged down with heavy trade deficit, India's new experiment-- mixing Bollywood with business-- is turning out to be a success in wooing huge Chinese crowd for its trade seminars which hopefully would give a big push to Indian exports to C…
Samsung Electronics Co., the world's top computer memory chip maker, said Wednesday it has started mass-producing cutting-edge dynamic random access memory (DRAM) chips, which could help distance itself from second-tier rivals and cut pro…
The government will investigate large conglomerates' unfair practices in dealing with their smaller firms in an effort to establish "sound and fair" business relationships, officials said Wednesday.
Seoul will launch a team led by ranki…
Senior diplomats from South Korea, the United States and Japan have agreed that North Korea should first show a clear commitment to give up its atomic weapons programs before the resumption f six-party nuclear talks, an official said Wedn…
Management of Ghana Cocoa Board (COCOBOD) on Wednesday informed all stakeholders in the cocoa industry, particularly cocoa farmers that the Board had released GH�25,500,108.71 to Licensed Buying Companies (LBCs) for payment of the second…
The Free Zones Enclaves since their establishment
in 1996 to December 31, 2009 realised about three billion dollars (2,984,305,302 dollars) from Foreign Direct Investment (FDI).
Within the period, 28,433 jobs were created, Mrs Kate…
Mr Richard Amarh Tetteh, Managing Director (MD) of
Cocoa Processing Company (CPC) in Tema, on Wednesday said, barring any unforeseen major setback, the Company would resume production of Chocolate by the end of September.
Mr Tetteh,…
The Ashanti Regional Minister, Mr Kofi Opoku-Manu, on Tuesday appealed to civil servants to take advantage of the country's macro-economic stability and take bank loans to run houses.
He said this was important to provide them w…
Mr. Ibrahim Ahmed, Member of Parliament for Tain, said three bridges on Nyinpini River that connected the Tain district to its neighbouring districts were washed away when the river recently overflowed its banks.
He said this in a st…
Shell, Vitol and Helios have entered into exclusive negotiations for the potential joint acquisition by Vitol Group and Helios Investment Partners of equity in Shell’s downstream businesses in 19 countries in Africa.
Under the terms of…
Wulugu Naba Pugansoa Naa Professor John Nabila, President of the National House of Chiefs (NHC), has raised concern about the influx of illegal West African 'Galamsey' miners in the Northern Region.
The worst affected area is the …
Mr Clement Osei-Amoako, Vice Chairman of the Greater-Accra Regional branch of the Ghana Chamber of Commerce (GCC), has stressed the need for the private sector to invest their money in the economy so that the money would remain in the coun…
Ghana earned about 1.6 billion dollars from tourism as the fourth largest foreign exchange earner last year after gold, cocoa and remittances from Ghanaians resident abroad.
Mrs Zita Okaikoi, Minister of Tourism, said tourism contrib…
The following are the average inter-bank exchange
rate of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers on Wednesday, July 21, 2010.
GHANA CEDI EQUIVAL…
Gold prices drifted further down by Rs 80 to Rs 18,585 per ten gram in the Indian capital Saturday on increased selling by stockists after metal prices tumbled in overseas markets.
The precious metal fell by 20.10, or 1.7 per cent, …
Two Senators representing the Wisconsin State in the US have welcomed the Exim Bank's preliminary approval to Reliance's power project in the central Indian state Madhya Pradesh, saying that this will create hundreds of jobs in the United …
As India, an emerging global power, is steadfastly implementing its Look East Policy, a top US official has said that Thailand is a "natural bridge" between India and East Asian countries.
"The rise of new powers -- India and China --…
LG Chem Ltd. opened a $303 million factory to make battery cells for electric and hybrid vehicles Thursday, Eastern time, in Holland, Michigan. The event has meaningful repercussions for the company as well as Michigan whose economy has be…
Apple Inc. CEO Steve Jobs said Saturday the company has postponed the plan to release its latest iPhone in South Korea this month, as the company has yet to secure government approval.
"It's going to take just a little bit longer to g…
The Obama administration will focus on auto and beef discussions in the upcoming negotiations with South Korea, sidelining other issues for early ratification of the pending free trade deal with the country, a top trade official said.
…
Prudential Bank Limited (PB), an indigenous bank, which promotes Small and Medium Scale Enterprises (SMEs) in the country, has opened a new branch at Suame-Maakro, in the Kumasi Metropolis to improve on the economic activities of the commu…
The following are the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers on Tuesday, July 20,2010.
GHANA CEDI EQUIVALENT OF…
Expressing concern over the economic status of ethnic Indians in Malaysia, a top leader of the minority community here has claimed that more than 1.5 lakh families were still stuck in the low-income bracket.
"What is worrying is that…
President John Evans Atta Mills on Tuesday, appealed to managements of the nation's banks to reduce the current high interest rates.
He said now that the economy was improving, with a further decline in the Bank of Ghana base rate, t…
Afghanistan, sitting on vast reserves of iron, copper, cobalt and gold, has invited Indian companies to tap the nearly USD one trillion worth of minerals discovered in the country as the two nations try to enhance and diversify their trade…
The government will push to introduce a so-called "smart work" system in an effort to tackle the country's low labor productivity, low birth rate and other pending issues, officials said Tuesday.
The envisioned system will allow publi…
The government has decided on a catchphrase -- "Shared growth beyond crisis" -- for the Group of 20 Seoul Summit set to open here in November, the meeting's preparation committee said Tuesday.
The slogan reflects the G-20 as a framewor…
Cocoa farmers at Kramokrom ,in Asunafo North Municipality, have threatened to sell their produce to Cote D'Ivoire if the government did not implement an effective mass cocoa spraying programme in the area.
The farmers issued the thre…
The President of Ghana Oil Drilling Academy and Consultancy (GODAC), has asked Government to define a road map on how to achieve the proposed 90 per cent local content in the burgeoning oil industry.
Mr Prince Frimpong Donkor, also t…
Samsung Life Insurance Co. and other South Korean insurers are stepping up efforts to expand into China, one of the world's fastest growing insurance markets, industry sources said Sunday.
Posting an annual growth rate of over 20 perce…
Premier global carrier Cathay Pacific has seen an upsurge in premium class travel to and fro India this year on the back of an improved international business environment, a senior airline executive has said.
In the first six months o…
An Indo-Israeli joint venture company is among the seven firms which are in the race to bag the Railways' multi-crore security upgrade project in New Delhi.
Teramer and six other companies have been shortlisted for the installation …
Tata group firm Land Rover has dispatched "hundreds of prototypes" of its sports utility vehicle Evoque to conduct one of the most rigorous pre-launch testings in some of the toughest conditions across the world.
The Indian company …
China overtook South Korea to become the world's top shipbuilding country for the first time in the first half of the year as it fared better in terms of three major industry indicators, sources said Sunday.
Since overhauling Japan in …
India and Singapore trade totaled SGD 14.87 billion in the first six months of this year, up 45 per cent from SGD 10.8 billion in the same period a year ago, the Singapore trade agency said
Wednesday.
Singapore's June imports from …
A US lawmaker has welcomed the decision of the Export-Import Bank of the United States to provisionally approve financing of a Reliance power project in central Indian state Madhya Pradesh, stating that this would help save and create jobs…
The Fair Wages and Salaries Commission (FWSC) has set up internal implementation teams, which are working with institutions to map individuals onto their grades and levels on the Single Spine Salary Structure (SSSS).
Mr George Smith-…
After bringing to India the double decker Airbus A-380, the world's largest passenger aircraft, Emirates Airlines is looking at expanding its operations in the booming country which is considered by the firm as its second biggest hub after…
The new British Government's plan to impose a cap on immigrants from non-European countries including India will hamper economic recovery, leading businessmen have said.
Dr Adam Marshall, director of policy at the British Chambers of …
The GSE All-Share Index, the main market indicator, opened the week�s trading on Monday by losing 2.44 points from 6,291.68 points down to close at 6,289.24 points.
The Change Year to Date also dropped by three points to 12.87 poi…
South Korea's U.S. beef imports increased
66 percent in the first five months of the year from a year earlier, making it the third-largest market for American beef exporters, the trade ministry said Friday.
A total of 37,117 tons of U…