Economic conditions
Taiwan Vice Premier Wu Rong-i has pledged to help domestic companies effectively explore the mainland market and avoid investment risks, following the high-profile case of United Microelectronics Corp. (UMC) being charged with illegally investing in a mainland-based wafer plant. Wu emphasized that the government does not prevent Taiwan businesses from
Economic conditions
Iran and Ethiopia are expanding cooperation through their private sectors, with the potential to create a significant market for Iran's exports of technical and building services. Iranian investors and traders are being offered opportunities in Ethiopia, which has a large and growing agricultural sector. A ceremony was held
Economic conditions
The Philippine government is attempting to stabilize the country's currency, the peso, through various means, including increasing the value-added tax (VAT) to 12% from 10% and encouraging foreign investors to stay with confidence in the economy. Bangko Sentral ng Pilipinas (BSP) Assistant Gov. Diwa Guinigundo stated that 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
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
South Korea's economy has earned the respect of foreign investors, who are increasingly confident in its financial stability. The risk premium on the country's five-year currency stabilization bonds has dropped to a record low of 5 basis points over U.S. Treasury bonds, down from 355
Economic conditions
The US-ASEAN Business Council has expressed its full confidence in the leadership of President Gloria Macapagal-Arroyo and her commitment to reforms that are expected to strengthen the business climate in the Philippines. The Council's acting president, Walter Lohman, stated that business interest in the Philippines is growing, and
Economic conditions
Vietnam's stock market has operated for over four years, with more than 1,500 State-owned enterprises undergoing equitization and over 200 businesses meeting the requirements for listing. However, despite these efforts, the foreign direct investment (FDI) in the country remains low, with foreign indirect investment (FII) accounting for
Financial markets
The Hong Kong stock market reached another record high on its first session of the year, driven by a buying frenzy from foreign investors. The Hang Seng index surged 198.10 points to 12,086, capping a remarkable year in which it has risen almost 120 per cent. Despite a
Financial markets
Jakarta's small but booming stock market has witnessed a stunning transformation in just three years, going from one of the world's worst-performing exchanges to one of its best. Local investors, who had deserted the market after it collapsed in 1991, have since returned, even rioting to
