Kenyans grapple with high maize prices amid low imports on January 5, 2017NAIROBI: Consumers in Kenya have to dig deeper into their pockets to buy maize, whose prices have hit a new high amid decline in cross-border imports from neighbouring Tanzania and Uganda. A 90kg bag of the staple widely consumed across the East African nation is currently going for between 30 US dollars and 39 dollars […]
Britain to build 17 towns and villages to ease housing squeeze on January 3, 2017LONDON: Almost 50,000 new homes are to be built in 14 new garden villages announced Monday by British government officials. The Department for Communities and Local Government (DCLG) has backed the scheme to help ease the country’s housing crisis. It followed a decision by the government last year for a program to create new garden […]
Nepal’s trade deficit widens by 87 percent on January 3, 2017KATHMANDU: Nepal’s trade deficit surged by 87.44 percent during the first five months of the current fiscal year that began in mid-July compared to same period last fiscal as imports increased substantially. According to Department of Customs (DoC) of Nepal, Nepal witnessed trade deficit of 3.22 billion U.S. dollar during the first five months of […]
First Hollywood entertainment tech festival held in Los Angeles on January 2, 2017LOS ANGELES: The first Hollywood Entertainment Technology Festival was held on Thursday, focusing on innovation. The festival gathered over 30 entertainment and technology companies and venture funds representatives together with film and entertainment related teachers and students. The festival was jointly hosted by Hanhai Studio, a Burbank-based Chinese invested company, and the Los Angeles Film […]
Macao 2015 gross national income per capita surpasses $65,000 on January 1, 2017MACAO: Macao’s national income per-capita reaches 520,004 patacas (about 65,172 U.S. dollars) in 2015, the special administrative region’s statistics service said in its latest report on Saturday. Macao’s Statistics and Census Service (DSEC) said that Gross National Income (GNI) at current prices was 333.58 billion patacas (41.8 billion dollars) in 2015, less than Gross Domestic […]
Tunisia seeks to stimulate foreign investment on January 1, 2017TUNIS: In 2016, Tunisia sought to stimulate foreign investment in order to revive the country’s economy, which has been stagnating for about 15 years. From 2005 to 2015, the country lost not less than 2,500 jobs per year due to the closure of about 400 companies each year. According to the Tunisian Agency for the […]
Modi thanks Indians for support on demonetisation on New Years Eve on January 1, 2017NEW DELHI: Indian Prime Minister Narendra Modi thanked the country on New Year’s Eve for its “support and cooperation” in the demonetisation drive that he launched suddenly earlier last month and announced a slew of schemes for the urban and rural poor. Calling the scrapping of currency notes of higher denominations as a “purification drive”, […]
S Koreas industrial output rebounds in 3 months on improved car, handset on December 30, 2016SEOUL: Industrial output in South Korea rebounded in three months as productions in car and handset improved, causing the fastest manufacturing expansion in over seven years, a government report showed on Thursday. Production in all industries increased 1.6 percent in November from a month earlier, according to Statistics Korea. It was the fist rebound in […]
Strong start for Chinas latest five-year plan on December 29, 2016BEIJING: China’s 13th Five-Year Plan (2016-2020) period has had a strong start and is poised to fulfill all key targets set by the central government for economic development. The latest sign of a warming economy came on Tuesday as the National Bureau of Statistics said industrial profits expanded 9.4 percent year on year in the […]
Labour market in Slovakia to benefit from economic growth in 2017 on December 28, 2016BRATISLAVA: The growth in the Slovak economy will produce more jobs in 2017, several Slovak analysts said on Tuesday. The November unemployment rate in Slovakia fell to 8.78 percent. Experts have expected that the unemployment rate would continue to decline in 2017, a trend likely to be bolstered by new jobs in a number of […]