Archive for March 26th, 2008

German stocks open weaker

Wednesday, March 26th, 2008

German stocks opened weaker on Wednesday on the Frankfurt Stock Exchange after an outstanding growth a day earlier. The benchmark DAX, the index of 30 big companies, fell 26.59 points or 0.41 percent to 6,498.12 at 09:04 local time ...

Central bank sees 6.91% GDP growth for Philippines

Wednesday, March 26th, 2008

The Philippine central bank BSP predicted the country's domestic economy will expand by 6.91 percent in 2008, slightly lower than the 31-year record growth of 7.3 percent last year, media reports said on Wednesday. The central bank' ...

Indonesia eyes 13.5% growth in non-oil export

Wednesday, March 26th, 2008

The Indonesian government has lowered the growth target in non-oil and gas export to 13.5 percent from the previous projection of 14.5 percent because of the global slowdown, an official said Wednesday. "I am optimistic about achiev ...

Asia Pacific maritime show kicks off in Singapore

Wednesday, March 26th, 2008

The biennial Asia Pacific maritime show kicked off here Wednesday, featuring 841 exhibiting companies from 52 countries, 650 of which are from abroad. The international presence at the show had an increase of 34 percent, according t ...

Official: Cambodia expects to start oil production in 2011

Wednesday, March 26th, 2008

Cambodia expects to start its oil production in 2011, said Te Duong Dara, director general of the Cambodian National Petroleum Authority (CNPA) while attending an industry seminar here on Wednesday. The optimistic prediction is base ...

Vietnam takes measures to revive stock market

Wednesday, March 26th, 2008

Vietnam will narrow the stock trading band, facilitate listed firms in buying back shares, and encourage banks not to sell off shares pledged in collateral by securities investors, to limit the ongoing downward trend of the local stock mark ...

Australian dollar closes firmer

Wednesday, March 26th, 2008

The Australian dollar closed firmer on Wednesday on weak U.S. consumer figures, with the Australian dollar trading at 91.48 U.S. cents, up from Tuesday's close of 91.18 cents. During the day the domestic currency moved between 91.40 ...

Brazilian mining giant optimistic on company development, world economy

Wednesday, March 26th, 2008

The Brazilian mining giant Vale do Rio Doce remains optimistic toward its own development and the world's economic growth despite the recent turbulence in the global economy, local media reported Tuesday. "Although the global econom ...