Archive for April 19th, 2008

Vietnam, Oman sign double taxation avoidance deal

Saturday, April 19th, 2008

Vietnam and Oman inked here Friday an agreement on double taxation avoidance and income tax evasion prevention, Vietnam News Agency reported. The signing will create favorable conditions for supporting stronger economic and investme ...

Indian stock market closed higher

Saturday, April 19th, 2008

The Indian stock benchmark Sensex closed Friday at 16,481.20 points, up 237.01 points or 1.46 percent from the previous day. Sensex is the common name for the Bombay Stock Exchange Sensitive Index. It consists of the 30 largest and ...

Indonesian leader rules out rice export

Saturday, April 19th, 2008

Indonesia's ambition to become a rice exporter was put on hold Friday when President Susilo BambangYudhoyono asserted he would not allow the export this year despite sufficient stocks at home. "Last year we managed to boost rice pr ...

ADB provides grant to fund road project in western Mongolia

Saturday, April 19th, 2008

The Asian Development Bank (ADB) will offer 37.6 million US dollars in a grant to help Mongolia embark on a road project linking western Mongolia to China and Russia, according to a deal signed here on Friday. Under the agreement, t ...

Indonesia’s Lion Air resumes flights to S Vietnam

Saturday, April 19th, 2008

Indonesian airline Lion Air has recently resumed service to Vietnam's southern Ho Chi Minh City after a three-year suspension of the budget carrier's flights in the country, local newspaper Vietnam News reported Friday. Tourists are ...

Official: Indonesian state budget safe until oil price reaches $125

Saturday, April 19th, 2008

The 2008 state budget will withstand heavy pressure from skyrocketing oil prices until the Indonesian Crude Price (ICP) averages 125 US dollars per barrel, The Jakarta Post quoted a senior official as reporting on Friday. The govern ...

Rice crisis to push inflation up to 8% in Philippines

Saturday, April 19th, 2008

The Philippines will suffer a hard-hit by the global soaring rice prices, which might push the country 's inflation to a record 8 percent, well above the government's 3.0-5.0 inflation prediction for 2008, USB, one of the world's leading fi ...

Cosco establishes joint venture with Indonesian firm for coal transportation

Saturday, April 19th, 2008

Sea transport operator China Ocean Shipping Company (Cosco) is making efforts to win coal shipment contract from Indonesia by establishing joint venture with a local firm, a leading economic daily reported Friday. Cosco has teamed u ...