Archive for May 27th, 2008

UK invests Philippine trading think tank

Tuesday, May 27th, 2008

The United Kingdom will provide an 18 million pesos (412,844 U.S. dollars) grant to the Philippines to strengthen its negotiating strategies with its trading partners, top UK envoy to Manila said Tuesday. UK Ambassador to the Philip ...

Russia’s GDP grows 8.4 percent in April

Tuesday, May 27th, 2008

Russia's gross domestic product (GDP) grew 8.4 percent year-on-year in April, Deputy Minister for Trade and Economic Development Andrei Klepach said on Tuesday. In the first four months of this year, the Russian economy grew8.3 per ...

Indonesia visions economic growth of 9% in 2010

Tuesday, May 27th, 2008

The Indonesian economy can grow by between 8 percent and 9 percent in two years time now after the government cut the costly fuel subsidy, Vice President Jusuf Kallasaid Tuesday. "We have saved nearly 2 billion U.S. dollars that can ...

Singapore’s BRI for services industries up 19.1% in Q1

Tuesday, May 27th, 2008

Singapore's business receipts index (BRI) for services industries rose by 19.1 percent in the first quarter over the same period of last year, the government said on Tuesday. "The health growth in over all receipts was attributed to ...

AB Volvo, India’s Eicher forming joint venture

Tuesday, May 27th, 2008

Sweden's AB Volvo on Monday said it will invest about 312 million U.S. dollars in forming a joint venture with Indian vehicle manufacturer Eicher Motors. The company said the joint venture will include Eicher Motors entire truck and ...

Brazil to spend $5 bln to find deep-water oil

Tuesday, May 27th, 2008

Amidst soaring oil prices, Brazil announced on Monday plans to spend at least 5 billion U.S. dollars to develop deep water oil fields, build new ships and hire more drilling rigs. State-run oil company Petroleo Brasileiro SA, or Petr ...

Brazil expects rise in inflation, interest rates

Tuesday, May 27th, 2008

Brazilian analysts have adjusted their expectations of an increase in inflation and interest rates for 2008, the Central Bank said Monday. In a weekly report, analysts expected an increase in this year's Extended National Consumer P ...

South American nations to seek common currency

Tuesday, May 27th, 2008

Brazilian President Luiz Inacio Lula da Silva said Monday that South American nations will seek a common currency as part of the region's integration efforts following the creation of the Union of South American Nations (Unasur) last week. ...