The public consultation on building a third runway of the Hong Kong International Airport is expected to start in the first half of this year, an official of the Hong Kong Special Administrative Region government said Wednesday.
Secret…
Renaissance Capital, the leading emerging markets investment bank, announced on Wednesday that Clifford Sacks is assuming the role of CEO of Africa.
In his expanded role, Sacks will be responsible for the day-to- day management and imp…
Hong Kong Air Cargo Terminals Limited (Hactl) Wednesday announced that the total annual tonnage throughput of year 2010 hit a new handling record of 2,899,603 tons, up 24.8 percent, compared with 2009.
The total annual tonnage throughp…
Mercedes-Benz passenger car sales in Malaysia surged significantly by 28.2 percent to 5,003 units, a record high, in 2010 from 3,903 units a year ago.
This was also the first time the sales of the premium cars surpassed the 5,000 unit …
The German economy witness a strong recovery in 2010, as its price-adjusted gross domestic product (GDP) increased 3.6 percent, the largest annual growth since the country' s reunification in 1990, official data showed Wednesday.
The F…
Indonesia planned to increase efficiency and capacity of seaports amid the implementation of some free trades with some countries which boost inflows and outlows of goods, a spokesman said here Wednesday.
Talking to reporters after a m…
The European Union (EU) began a new era of economic governance Wednesday by setting out budget and economic growth priorities for its 27 member states.
"Europe has a comprehensive plan to respond to the crisis and to speed up Europe's …
More people visited Los Angeles last year, an indication that local tourism is rebounding from a recession caused by economic downturn, authorities said Thursday.
The city saw some 25.7 million visitors last year, up from 23.8 million …
The key Nikkei stock index ended marginally higher Wednesday after hitting an eight-month intraday high.
The benchmark Nikkei-225 index gained 2.12 points, or 0.02 percent, from Tuesday to 10,512.80, after briefly climbing to 10, 576.5…
President John Evans Atta Mills on Thursday said Government would nurture the cocoa, coffee and sheanut industries and improve the lot of farmers to make them effective partners in building the Ghanaian economy.
He paid glowing tribu…
Prices of goods and services are gradually soaring in the Sekondi/Takoradi Metropolis after the fuel price increase.
A GNA visit to the Market Circle area of Takoradi revealed that soap, cooking oil, confectioneries, dairy products, r…
The Food and Beverages Association of Ghana on Thursday commended Ghana Revenue Authority for exhibiting a high level of vigilance in arresting rice smugglers at the western corridor of the country.
"The activities of the rice smugglers…
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 Thursday, January 13, 2010.
GHANA CEDI EQUIVALE…
The Mfantseman West Chairman of the National Democratic Congress (NDC), Mr Stephen Edward Moore, has appealed to Ghanaians to bear with the government over the increase in fuel prices.
Moore explained that, “the hike did not mean tha…
Government is strategizing to restructure and re-organize the Micro-Finance and Small Loan Centre (MASLOC), to enable it to effectively finance local entrepreneurs and rural agriculture.
This would also help boost that sector and fac…
The Ghana Employers’ Association (GEA) on Tuesday called on the Government and the National Petroleum Authority (NPA) to endeavour to avoid any future high quantum leap in fuel price adjustment, which had serious implications on business p…
The Fair Wages and Salaries Commission (FWSC) says it has started collecting data as part of the job re-evaluation exercise it started last year for the Civil and Local Government Staff Association (CLOGSAG).
A statement issued by Fa…
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, January 12, 2010.
GHANA CEDI EQUIVAL…
The rate of inflation fell to 8.58 per cent year-on-year in December, down from 9.08 per cent in November.
The rate is the lowest since June 1992, when it stood at 8.4 per cent.
This means that general price levels in the count…
The Deputy Minister for Agriculture in charge of Fisheries Nii Amasamah Namoale, has challenged fishermen in the Volta Region to justify their demand for increased allocation of premix fuel.
This, he said, could be done with projects…
South Korea's import prices of key raw materials rose for a sixth straight month in December, led by a surge in the costs of imported non-ferrous metals and agricultural products, a trade association said Wednesday.
The Korea Importers…
South Korea lost its status as the world's leading shipbuilding nation to China in 2010 for the second straight year as it lagged far behind the neighboring country in key indicators, data showed Wednesday.
According to London-based ma…
Daewoo Shipbuilding & Marine Engineering Co., South Korea's No. 2 shipbuilder, said Wednesday it has completed construction of the world's largest offshore platform.
The so-called floating production storage and offloading unit (FPSO) …
North Korea on Wednesday formally proposed holding talks with South Korea next month on ways to promote economic cooperation between the countries, the government here said.
In a pair of messages, the North proposed the sides meet on F…
Korea Zinc Co., the world's second-biggest zinc smelter, said Wednesday that its fourth-quarter earnings fell 6.5 percent from a year earlier due to reduced output.
Net income reached 115 billion won (US$100 million) in the October-Dec…
South Korea and India are set to sign a nuclear power cooperation pact in the first half of the year, a deal that would pave the way for local firms to tap into India's atomic power plant market, Seoul's trade ministry said Wednesday.
…
The amount and prices of imported beef in South Korea surged last month as domestic livestock growers were hit hard by the foot-and-mouth disease outbreaks, the customs office said Wednesday.
South Korea imported around 7,606 tons of f…
South Korea called on its people Wednesday to reduce electricity consumption as a recent surge in demand sent its power reserves falling to a dangerously low level.
The country's power reserve rate has fallen to 5.7 percent, or just 4.…
E-Land Group, a leading South Korean fashion retailer, said Wednesday that it is targeting 10 trillion won (US$8.9 billion) in sales and 1 trillion won in operating profit this year.
The sales target is up 35 percent from 7.4 trillion …
Seoul will need to spend 1.47 trillion won (US$1.31 billion) in 2030 for its welfare budget for the growing elderly population in the capital city, more than double the amount spent last year, a report said Wednesday.
According to the…
Mercedes-Benz Korea, the local unit of German automaker Mercedes-Benz, on Wednesday introduced the newest version of its luxury sedan S 350, which the company claims performs more powerfully, but also more efficiently.
The new S 350 Bl…
South Korea needs to strengthen its economic fundamentals to prepare for fiercer competition in the post-crisis era, the nation's top economic policymakers said Wednesday.
"We have laid the solid groundwork for a new leap forward by ov…
South Korea's jobless rate remained unchanged in December from a year earlier, but the number of new jobs surged as the private sector ramped up hiring, a government report showed Wednesday.
The jobless rate was 3.5 percent last month,…
The economic rise of Asian giants India and China may be one of the most notable phenomenon of this century, but a culture of innovation that drove the American idea continues to be an advantage for the US, a noted scholar has said.
I…
China's foreign exchange reserves hit a new high of USD 2.85 trillion in 2010 but the 18.7 per cent increase over last year sparked concerns about the country's already excessive liquidity which was blamed for high level inflation in the c…
With the prices of essential commodities reaching alarming levels, Indian Prime Minister Manmohan Singh will hold a high-level meeting to discuss the
issue of food inflation which crossed 18 per cent for the week ending December 25.
…
With the prices of essential commodities reaching worrying levels, Indian Prime Minister Manmohan Singh Tuesday held a high level meeting to find ways to tackle inflation, particularly of food items.
The meeting was attended, among …
With the ban through the land route still on, Pakistan traders will dispose of around 300 onion-laden trucks contracted for India, before the restriction was imposed, into their local markets, traders said Tuesday.
"Pakistan-based v…
Canada's participation at the fifth Vibrant Gujarat Summit (VGS)-2011 in western Indian
state Gujarat beginning January 12, will be aimed at increasing bilateral trade and investment ties with India, its High Commissioner Stewart G Beck h…
The government plans to step up its price monitoring of 22 food items and public services as part of its ongoing efforts to keep inflation under control ahead of the upcoming Lunar New Year holiday, the finance ministry said Tuesday.
T…
South Korea's anti-trust watchdog has launched a large-scale investigation into price rigging and inflation-causing activities, joining a pan-governmental drive to stabilize prices ahead of the upcoming Lunar New Year holiday, government s…
The defense ministry is seeking to make a revision to a law governing the military pension system that would eventually increase pay-ins while keeping payouts at the current level, officials said Tuesday.
The revision is aimed at repai…
Increasing non-tariff trade barriers have emerged as new protectionist measures, raising concern that they could put a crimp in global trade and a recovery in the world economy, a local trade body warned Tuesday.
In 2010 alone, 1,817 n…
South Koreans' purchases of overseas properties more than doubled last year as investor sentiment improved significantly thanks to faster-than-expected economic recovery, government data showed Tuesday.
According to the data by the Min…
China's capital city can learn from Seoul as Beijing aims to tackle its increasingly severe traffic congestion, a World Bank specialist said Tuesday.
The Beijing municipal government will limit the issuance of new car license plates to…
China's shift into monetary tightening is feared to hurt South Korea's exports and put upward pressure on Korea to raise the key rate in the short term, a report said Tuesday.
China's central bank unexpectedly hiked interest rates on C…
The Seoul High Court on Tuesday ordered Samsung Group's companies to pay creditors of its failed car-making business 600 billion won (US$532 million) as a penalty for delayed debt payment and its accumulated interest, in the largest civil …
Samsung Electronics Co., the world's largest maker of computer memory chips and the No. 2 mobile player, said Tuesday that it aims to post US$30 billion sales in 2015 from home appliance business by developing new growth engines.
Hong …
The government on Tuesday berated rumour
mongers claiming quarantine officials were intentionally allowing a highly contagious animal disease to spread, calling them irresponsible and an affront.
More than 1.34 million livestock have …
A divergent trend developed on the bullion market Tuesday as silver recovered on rising demand from industrial units and gold declined on reduced
offtake at higher rate.
While silver rose by Rs 200 to to Rs 45,000 per kg, gold shed…
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