Economic conditions
The World Bank's high-level team, led by former Economic Affairs Secretary C M Vasudev, met with Indian Prime Minister Manmohan Singh at his residence to discuss the progress of bank-funded projects. The team is in India to review the bank's programs, policies, and results on the
Economic conditions
Vietnam's Prime Minister Phan Van Khai has urged overseas Vietnamese to play a more active role in the country's socio-economic development and national unity. Speaking to the overseas Vietnamese community, the Prime Minister emphasized the importance of their contributions, stating that they are an inseparable part
Economic conditions
China's investment environment has undergone significant changes since its accession to the World Trade Organization (WTO) in 2001. The country has managed to attract foreign direct investment (FDI) despite a global decline, with FDI in China growing from $40 billion in 2000 to $60 billion in 2004. This
Economic conditions
Indonesia's economy is anticipated to surge by 6% this year, fueled by the government's infrastructure development plans and eased investment constraints. This projection was made by Fred Saarlos, the chief of Standard Chartered Bank's consumer banking, who emphasized the positive responses from domestic and
Economic conditions
Japanese Prime Minister Junichiro Koizumi delivered a general policy speech on January 21, 2005, in which he outlined his vision for Japan's future and emphasized the need for structural reforms. In his speech, Koizumi highlighted the importance of confidence, challenge, and a sense of possibility in Japanese society,
Economic conditions
A recent survey conducted by the Research Institute under China's Ministry of Commerce reveals that over 80% of multinational companies in China plan to increase their investment in production or research and development (R&D) in the coming three years. The survey, covering the world's
Economic conditions
Despite initial reservations, Iran's foreign investment trend has proven irreversible, with the government implementing key reforms to attract international capital. According to Deputy Economy and Finance Minister Kamal Taqavi-Nejad, the country's gross domestic product has averaged 5.6% growth during the Third Five-Year Development Plan, exceeding
Economic conditions
Philippine President Gloria Macapagal Arroyo has dismissed speculations of her ousting from power, saying she will last her term and leave a legacy of 10 points, referring to her 10-point agenda. The agenda aims to address the country's socio-economic woes, including a budget deficit, and to create more
Economic conditions
China's delay in finalizing a regulation to govern the direct selling industry has left foreign companies waiting with patience, according to officials from the World Federation of Direct Selling Associations. The federation, which represents top executives from 18 direct selling companies worldwide, has expressed concerns over the delay,
Economic conditions
Philippine Presidential Palace Malacanang remains confident that the country's legislative body will tackle its proposed proposals early this year. President Gloria Macapagal Arroyo expressed her optimism, downplaying concerns about the special sessions set from January 5 to 7. These sessions are aimed at addressing the country's
Economic conditions
Malacanang, the Philippine Presidential Palace, is confidently looking forward to the new year, despite concerns about the country's ability to tackle its problems. According to Press Secretary and Presidential Spokesman Ignacio Bunye, several recent developments have boosted the government's confidence that conditions in the country will
Economic conditions
Philippine President Gloria Macapagal Arroyo believes that the country's mining industry has the potential to boost the economy, citing the success of Chile as a model. In a press conference, she expressed optimism about the Supreme Court's decision to allow mining operations, stating that mining was
