Economic conditions
As the two nations seek to strengthen ties, Algerian Energy Minister Chakib Khelil emphasized the complementary nature of their economies, with South Korea's new technologies and management expertise meeting Algeria's needs for industrial development and infrastructure growth. Algeria, a major oil producer with an estimated 11.
Economic conditions
Vietnam's Industry Minister Hoang Trung Hai has met with a US trade delegation to discuss opportunities for US investment in key national projects, including the development of electricity infrastructure and supply, human training, and technology transfer. The meeting aims to strengthen bilateral economic and commercial ties between Vietnam
Economic conditions
South Korean companies are struggling to protect themselves from foreign corporate raiders, leaving them exposed to unwanted bids. According to experts, the country's firms lack effective "shark repellents" to deter hostile takeovers. The vulnerability was highlighted by the ongoing proxy battle at KT&G, South
Economic conditions
US President George W. Bush concluded his three-day visit to India by calling on the country to lift caps on foreign investments, lower tariffs, and open its markets to American agricultural products and industrial goods and services. Bush emphasized the need for India to participate in the global economy, urging
Economic conditions
Iranian Foreign Minister Manouchehr Mottaki warned Japan that his country may reassess its economic ties, including oil field development projects, if Tokyo supports US-led sanctions against Iran. Speaking to The Nihon Keizai Shimbun, Mottaki emphasized the importance of friendship in facilitating economic relations between the two nations. Japan, which imports
Economic conditions
Philippine President Gloria Macapagal Arroyo expressed satisfaction that economic indicators have remained unshaken despite attempts to overthrow her administration. She vowed to "work triple time" to fight poverty and sustain the momentum of the country's economy. The President's statement comes as the country faces
Economic conditions
The Philippine government, led by Senator Richard Gordon, is working to revitalize the country's gaming industry by extending the franchise of the Philippine Amusement and Gaming Corp. (PAGCOR) until 2033, with a proposed special economic tourism zone, Entertainment City Manila, set to be built on prime reclaimed land
Economic conditions
As part of President Gloria Macapagal-Arroyo's vision to achieve first-world status within 20 years, the Charter Change Advocacy Commission (Cha-cha AdCom) is pushing for the liberalization of economic policies in the 1987 Constitution. The goal is to attract more foreign investment, increase economic growth, and provide more jobs
Economic conditions
The Department of Trade and Industry (DTI) has reported that prices of prime commodities in the Philippines have remained stable since January, except for two detergent brands. According to DTI's monitoring sections, prices of processed basic necessities and prime commodities, such as canned fish, luncheon meat, meat loaf,
Economic conditions
Hong Kong's Financial Services and Treasury Bureau aimed to increase the territory's competitiveness as an international financial centre by abolishing estate duty as of Saturday. According to a spokesman, the enacted law will help Hong Kong attract more local and overseas investment. The abolition of estate
Economic conditions
The Philippine Presidential Palace has assured that the government is taking steps to mitigate the impact of the reformed value-added tax (R-VAT) law on the country's economy. Press Secretary Ignacio Bunye stated that the government is doubling its efforts to collect more revenue and increase the payback of
Economic conditions
The Bangladesh Parliament was informed on Sunday that the BIMSTEC free trade agreement is expected to take effect from July 1 this year. Foreign Minister M Morshed Khan stated that discussions among member states are in the final phase, and there is a possibility of future cooperation between SAARC and
