- ‘Bureaucracy, speed money, NGOs hampering FDI’
Lahore: Foreign direct investment (FDI) is drying in Pakistan due to obsolete investment policy, experts said on Thursday, advising planners to go for third generation investment policy,.... More
- 60% of juice producers unhygienic: UNBS
Kampala: Only four of 10 juice processors observe the basic recommended hygiene practices, Uganda National Bureau of Standards (UNBS) executive director has revealed..... More
- Anti-Corruption Unit of Cambodia in talks on business association
The number of companies that have signed a memorandum of understanding (MoU) with the Anti-Corruption Unit more than doubled after a signing ceremony yesterday, where it was also.... More
- Beekeepers invent device to collect honey without disturbing hive, funding target hit within seconds
Canberra: A new device which allows beekeepers to extract honey without disturbing the hive is to go into full-scale production, after receiving overwhelming support from online crowd-sourcing..... More
- Bottom Lines
Mumbai: Hindu nationalists in India have stepped up attacks on the country's beef industry, seizing trucks with cattle bound for abattoirs and blockading meat processing plants in a.... More
- Bulgarian tobacco producers to postpone planned protests
Sofia: Bulgarian tobacco producers decided to postpone the protests and road closures, which they planned to stage on Friday. Following negotiations in the Agriculture Ministry, .... More
- China loaned $22bn to LatAm in 2014
Beijing: Chinese state-owned banks loaned $22.1 billion to Latin American countries last year, helping to keep afloat struggling economies that have been hit hard by a fall in prices for oil, .... More
- Dong Nai exports $900m worth of pepper
HCM City: Pepper exports from Dong Nai Province had record-high earnings of US$12,200 per tonne in the first two months of the year, according to the provincial Statistics Office.
- Donors help Tajikistan population increase financial literacy
Dushanbe: The World Bank Group, together with a number of financial institutions, has launched a comprehensive national financial education program to combat low levels .... More
- Economic Summit to set Egypt’s vision for investment climate: EJB
Cairo: Investors in the Egyptian Junior Business Association (EJB) believe that the Economic Summit set to be held in mid-March in Sharm El-Sheikh will determine the vision of the investment .... More
- European Deichmann to make largest investment in Turkey after Germany
Istanbul: European shoe retailer Deichmann will make the largest investment in stores in Turkey after Germany, said Deichmann Turkey General Manager Atilla Özkul at a press meeting on Feb. 25. .... More
- EU's double standards
A friend's call cannot be ignored even when it makes no sense. One such friend is the European Union, which has sent a mission to Islamabad in order to secure observer status at the military.... More
- Excessive SRO usage hinders progress: report
Lahore: Statutory Regulatory Orders (SROs) have become an instrument to reward the favourite and penalise the abhorred, hampering growth, increasing rent culture and deterring foreign investment,.... More
- FDI in Cambodia levels off, says CDC
Phnom Penh: The Council for the Development of Cambodia said foreign direct investment into the Kingdom stayed about the same in 2014 as the year before, during a committee hearing at the .... More
- Food subsidies need overhaul to curb losses: Economic Survey
New Delhi: India's food subsidy regime needs to be overhauled with direct cash transfers to rein in losses in the public distribution of dietary staples to the poor, the Economic Survey said on Friday.
- Foodstuff exports of Iran hit $4.2b
Tehran: Kaveh Zargaran, a member of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) board of directors, further said that export of foodstuff plays a very significant .... More
- Forex reserves cross $23b
Dhaka: Foreign currency reserves have crossed $23 billion for the first time in the country's history, on the back of steady export, remittance growth, and lower oil prices.
- Former UN climate panel chief barred from leaving India
New Delhi: A court on Thursday barred the former chairman of the UN climate panel from leaving India, where he faces charges of sexually harassing a woman at his New Delhi energy institute.
- Green equilibrium water and sustainable development
Kuala Lumpur: WORLD Water Day is celebrated every March 22 to mark the importance of water in our survival. This year's theme is 'Water and Sustainable Development'. This covers almost all of our.... More
- Hydraulic fracturing gets go ahead in Northern Territory as Tasmania extends ban by five years
On a day when Tasmania moves to ban hydraulic fracturing for another five years, the NT releases a report that finds "no justification whatsoever" for a moratorium on the controversial mining practice..... More
- IBM targets $40b in cloud, other growth areas by 2018
New York: International Business Machines Corp, which ruled computing in the age of the mainframe, is targeting $40 billion in annual revenue from the cloud, big data, security and other growth areas by 2018.
- Ikea plans to source more from India
New Delhi: Home furnishings company Ikea is planning to increase its sourcing from India and expanding its supplier base in the country. Juvencio Maeztu, executive officer of Ikea’s Indian arm met .... More
- Indonesia eyes 20 million tourists
Bali: Indonesia hopes to attract 20 million foreign tourists by 2019, with an annual growth rate predicted at 12 per cent, an official said on Thursday..... More
- Indonesia told to improve packaging for fruit exports
Jakarta: The director for trade and international promotion at the Thai Embassy in Jakarta, Vilasinee Nonsrichai, says that Indonesia must improve the packaging of its fruit for export .... More
- Institute of Policy Studies (IPS) Sri Lanka publishes case study
Colombo: A recent study published by the Institute of Policy Studies of Sri Lanka (IPS), the country's apex economic policy research think tank, suggests that apparel is a bundle .... More
- Japanese companies facing series of problems in India: Envoy
New Delhi: Japanese companies are facing a "series of problems" in India related to taxation and infrastructure, Japan's Ambassador to India Takeshi Yagi said today. .... More
- Kazakhstan and Kyrgyzstan concerns about Customs Union
Almaty: In Central Asia and in Kazakhstan and Kyrgyzstan in particular, there is a serious concern that the Customs Union with Russia and Belarus will not bring the expected benefits..... More
- Legal action planned by British American Tobacco if UK votes for plain cigarette packaging
London: British American Tobacco (BAT) PLC said Thursday revealed plans to sue the U.K. government if the proposal to ban branding of cigarette packs is pushed through, while reporting 1.4 percent fall in sales last year.
- Legarda pushes for global united front vs climate change
Manila, Philippines: Senator Loren Legarda is urging governments of the world to build a united front against climate change.
Legarda, head of the Senate committee on climate change,.... More
- Libyan gov’t to exclude Turkish companies from contracts
Benghazi: Turkish companies’ ongoing projects worth around $15 billion were halted in 2011. Libya’s internationally-recognized government plans.... More
- Malaysia born astrophysicist allegedly paid to write 'doubtful' climate change reports
New York: A Kangar-born astrophysicist took money in exchange for writing allegedly doubtful reports on climate change, the international media has claimed..... More
- More than 62.74mn SIMs verified so far: Anusha
Islamabad: Pakistan Telecommunication Authority (PTA) on Friday announced that more than 62.74 million SIMs have been verified so far against 47.76 million Computerized National Identity Cards (CNICs)..... More
- Myanmar continues to mediate in labour disputes
Yangon: Myanmar authorities continued to negotiate between foreign employers and protesting workers to settle labour disputes in factories in Yangon.
- Nepal to fix floor price of sugarcane
Kathmandu: The Cabinet on Thursday directed the Ministry of Industry to set the minimum support price of sugarcane even as demonstrations by farmers raged across the Tarai.
- New investment law in Egypt to be issued in March
Cairo: The new investment law will be announced in the first week of March, prior to the Economic Summit which will be held in Sharm El-Sheikh, according to Investment Minister Ashraf Salman.
- New members lift KCCI status
Seoul: Three business leaders will become new board members of the Korea Chamber of Commerce and Industry (KCCI), which represents 150,000 of the country's companies.
- Pakistan’s Textile exports rise 10pc
Islamabad: Exports of textile and clothing surged to $1.207 billion in January 2015 compared to $1.095bn a year ago, an increase of 10.23 per cent, Pakistan Bureau of Statistics data showed on Monday.
- Pharmacy Bill still under review of Malaysian government
Putrajaya: The new Pharmacy Bill is still under review discussions with various stakeholders and Attorney-General's Chambers, said Health Minister Datuk Seri Dr S. Subramaniam.
If you go long enough without a bath even the fleas will leave you alone. (Ernie Pyle).... More
- Railway Budget: Quality of bed linen to be improved
New Delhi: The Railways will launch within the next six months a programme to improve the design, quality and cleanliness of bed linen, Railway Minister Suresh Prabhu said here Thursday.
- Role of women in Middle East business world
Arab women have come a long way. The past one decade has witnessed a rise of women entrepreneurship and enterprise especially in the Middle East. This is largely attributed to changing.... More
- Russian food producers winning from economic crisis and import ban
Moscow: Recession, rising inflation and a currency collapse have combined with Western sanctions and the ongoing crisis in Ukraine to cast a pall of gloom over Russian business.
- Russian lawmakers rebuked for proposing end to food import ban
Moscow: A Pro-Kremlin political party has issued a formal reprimand to its maverick lawmakers after they argued that Moscow's ban on Western food imports has hurt Russians, proposing legislation to lift the.... More
- Silk Road initiatives to boost China-EU ties
Shanghai: The Silk Road initiatives put forward by Chinese President Xi Jinping will help strengthen China-EU ties, observers have said, in the year marking the 40th anniversary of China-EU relations being established.
- SL food processing base bigger than apparels
Colombo: The annual Pro Food Pro Pack & AgriBiz 2015 exhibition conducted by the Sri Lanka Food Processors' Association, Lanka Exhibition and Conference Services and National Agri Business.... More
- SL’s informal tourism accommodation sector needs review
Galle: The Government should examine, review and regulate the informal tourism accommodation sector which is currently the fastest growing segment in the country,.... More
- SMEs still in the dark as Asean union looms
Kuala Lumpur: Although small and medium-sized enterprises have a better grasp of what the Asean Economic Community (AEC) is all about than they used to, more than 80 per cent still lack a deep.... More
- Sri Lanka to tackle fish export issue
Colombo: The government has pretty much tackled the EU fishing exports issue and the people to perform fishing vessel monitoring systems required to be installed in this regard are already here..... More
- Tax authorities initiate study on Afghan transit facility misuse
Karachi: Tax authorities have begun a study to ascertain the economic impact on the country caused by the misuse of Transit Trade facility to neighboring Afghanistan.
- Tax break in China helps small businesses save $17b
Beijing: More than 100 billion yuan ($16.6 billion) in tax break eased tax and fees burden of small businesses last year, an official with the Finance Ministry said on a Friday policy briefing.
- The EU ask WTO to help settle a dispute with Russia over "excessive import duties"
Geneva: The European Union said Thursday it had asked the World Trade Organization to help settle a dispute with Russia over "excessive import duties" on refrigerators and other products. .... More
- To the Point
Sofia: Bulgaria and Romania are to attract tourists from the more distant Asian countries through the development of a common tourist product.
- Trade, travel, more at stake when US-Cuba talks resume
Washington: A new round of negotiations aimed at normalizing diplomatic relations between the U.S. and Cuba resumes Friday, and despite serious opposition in the U.S. from some in the.... More
- Turkey inks deal with South Korea on service industry, investments
Seoul: Turkey has signed an agreement in the service industry and other investments with South Korea within the scope of a free trade agreement (FTA) that entered into force in 2013..... More
- Turkey’s poultry sector faces risk of losing biggest export market
Istanbul: The Turkish poultry sector, which has the fourth largest share in the world’s poultry market, has faced a risk of losing its biggest market, Iraq, due to additional customs taxes. .... More
- Uncalled-for protection should be removed: Expert
New Delhi: It is time for the Government of India to liberalise policies and remove the ‘uncalled-for protection’ from the textile industry in the form of anti-dumping duties and certification requirements, which.... More
- US Supreme Court hears hijab discrimination case
Washington: The U.S. Supreme Court heard arguments Wednesday on a discrimination claim by a Muslim woman who was rejected for a job at a prominent clothing store popular with young people .... More
- US, Cuba set for 2nd round of talks on diplomatic ties
Washington: U.S. and Cuban officials will sit down for a second round of talks on Friday to discuss the process of restoring diplomatic ties. After having an initial meeting in Havana in January,.... More
- Viet Nam ranks 75th in Global Talent Competitiveness Index
HCM City: Viet Nam is ranked 75th among 93 countries in the annual Global Talent Competitiveness Index, which measures a nation's competitiveness based on the quality of talent it.... More
- Wood exports from Viet Nam projected to grow
Ha Noi: Viet Nam expects the export value for its wooden products to jump to US$7 billion this year, according to the Viet Nam Wood and Forestry Product Association.
- World Bank bars local firm
Washington: A Cambodian construction company has been barred from participating in World Bank projects for three years after it emerged it had bribed officials to obtain a contract, .... More