Economic conditions
The Indian Union Cabinet has approved the entire bidding process for the modernization of Delhi and Mumbai airports, selecting the GMR-Fraport and GVK-South African Airports consortia for the revamp job. According to Parliamentary Affairs Minister P R Dasmunsi, the bidding process was conducted by the empowered Group of Ministers, following
Economic conditions
The Department of Trade and Industry (DTI) has assured the public that any increase in the prices of basic and prime commodities would be reasonable in response to the impending increase in oil prices in the world market. According to DTI Davao City chief Teolulo Pasawa, the DTI has been
Economic conditions
Over the past five years, the Social Weather Station's surveys have shown a significant decrease in the perception of corruption in income tax collection. According to Mahar Mangahas, the president of the SWS, the incidence of bribery on income taxes decreased from 52% in 2000 to 36% in
Economic conditions
As German experts explore the possible withdrawal by Iran of its funds from West European banks, Malaysia is emerging as a potential destination for the diverted funds, along with Singapore. This move is seen as a response to the crippling economic sanctions imposed by the West over Iran's
Economic conditions
The Indian government is preparing to further liberalize its economy by allowing 100% foreign direct investment (FDI) in five new sectors through the automatic approval route. This move is aimed at attracting more foreign capital and reducing the levels of control in various sectors of the economy. According to sources,
Economic conditions
Greece is seeking to increase its exports to China, particularly of olive oil, Feta cheese, wine, and fruits, as the Mediterranean diet becomes increasingly popular among the Chinese. The Greek Foreign Ministry reports that demand for Greek foods is growing due to their perceived health benefits. Meanwhile, Greece and China
Economic conditions
The Asian Development Bank (ADB) is set to conduct a study to help China develop a policy reform plan for its railway passenger and freight transport. China's rapid growth over the last two decades has led to high annual growth rates in passenger and freight transport, with 9%
Economic conditions
Australian banks are poised to face a more challenging market in 2006 as housing finance demand weakens and competition for lending and deposits intensifies. According to Fitch Ratings, the country's leading banks have invested in non-traditional revenue streams, such as fund management and insurance, to mitigate the impact
Economic conditions
The Philippine House of Representatives is racing against time to pass the 2006 national budget and a slew of significant legislative measures. House Committee on Appropriations chair Rep. Rolando Andaya Jr. (Camarines Sur) has expressed the chamber's commitment to approving the national budget at the earliest possible time,
Economic conditions
North Korea, one of the poorest countries in the world, has vowed to strengthen its military-first policy in 2006, while trying to rebuild its dilapidated economy with emphasis on agriculture. The country aims to build an economic power in the 21st century through a high-pitched drive for effecting a great
Economic conditions
As official retail statistics for the third quarter of 2005 had yet to be released, a review of Belgium's economy published by businessreview.com in November 2005 suggested that consumption was declining. However, on December 21, 2005, Statistics Belgium released the most current official statistics on Belgium'
Economic conditions
Venezuela's economic growth has been steadily increasing, with the country's economy expanding 9.4 percent in 2005, according to reports from the Central Bank of Venezuela (BCV) and Bloomberg News. This growth is largely attributed to increased government spending, which rose by 38 percent in 2005,
