Archive for February 19th, 2008

China Development Bank to be commercialized after 4-year discussion

Tuesday, February 19th, 2008

The reform plan of China Development Bank(CDB) has been ratified, turning the policy bank to a commercial lender, sources with the country's central bank said. According to the plan, approved by the State Council in the middle of th ...

Singapore’s non-oil export up 2.8% in January

Tuesday, February 19th, 2008

Singapore's mainstay export, the non-oil domestic export (NODX), grew by 2.8 percent year-on-year in January, reversing the 4.5 percent decrease in December last year, contributed mainly by gains in non-electronic export, the government sai ...

Strong skepticism exists for stimulus package to boost U.S. economy

Tuesday, February 19th, 2008

The Bush administration was ambitious when it launched the two-year, multi-billion-dollar stimulus package, but many experts voiced strong skepticism that such a plan might fail to fend off a possible recession. "It could make the d ...

Venezuelan president plans new oil taxes

Tuesday, February 19th, 2008

Venezuela's President Hugo Chavez has urged ministers to come up with suggestions for possible new taxes on the windfall profits earned by international oil companies, local press reported Sunday. "I want you all to show me a recomm ...

Dollar in upper 107 yen range in Tokyo

Tuesday, February 19th, 2008

The U.S. dollar remained steady in the upper 107 yen range Monday morning in Tokyo. At noon, the dollar was quoted at 107.85-90 yen against 107.78-88 yen in New York and 108.26-29 yen in Tokyo at 5 p.m. Friday. The euro trad ...

Qatar firm to build oil refinery in Malaysia

Tuesday, February 19th, 2008

A company from Qatar will build a 15 billion ringgit (4.55 billion U.S. dollars) oil refinery in Manjong, Malaysian northern Perak state, local media reported on Monday. The Perak government and Gulf Petroleum (Malaysia) Sdn Bhd si ...

Australian PM defends release of investment guidelines

Tuesday, February 19th, 2008

Australian Prime Minister Kevin Rudd said on Monday the release of guidelines relating to overseas investments was a response to community demands for greater transparency. The release of the guidelines was a way of meeting communit ...

ADB president arrives in Cambodia for visit

Tuesday, February 19th, 2008

Asian Development Bank (ADB) President Haruhiko Kuroda arrived in Phnom Penh Sunday for his first official visit to Cambodia. Kuroda is scheduled to meet with senior Cambodian government officials on Monday to discuss ADB's assistan ...