6:19 am - Tuesday September 23, 2014

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consumer

Consumer prices in Japan indicate growth

Ever since 2008, consumer prices in Japan have increased at the fastest pace in July 2013. The increase is the result of high energy costs. Japanese Prime Minister Shinzo Abe is responsible for the progress, as he pulled the economy out of 15-year...
PHILIPPINES

Philippine economy grows 7.5% during second quarter of 2013

On August 29, 2013, the government of Philippines announced that the country’s economy has posted a growth of 7.5 percent during the second quarter of 2013. The growth during this period matches with the 7.5-percent growth of China. With...
korea

South Korean economy improves, consumption remains weak

The economy of South Korea improved in July 2013 and August 2013, compared to the second quarter of 2013 in terms of increased exports and facility investment. However, on August 28, 2013, the central bank said that the consumption in the country...
industrial

Industrial profits in China increase by 11.6 percent in July 2013

Some of the biggest Chinese industrial companies noticed a hike in their combined profits of about 11.6 percent year-on-year in July 2013. The rate has increased from 6.3 percent in June 2013. On Tuesday, August 27, 2013, an official data released...
china rail

Chinese railways encourage private capital investments

On Monday, August 19, 2013, detailed plans were published by the central government of China to innovate railway funding and to also accelerate railway construction, as the new leadership is committed to deepening reforms. In 2013, the State...
Korea to reduce tax benefits for high income earners

Korea to reduce tax benefits for high income earners

The high income earners in South Korea might soon be deprived of certain tax benefits. The country is now looking to reduce tax benefits that were available for the high income earners, as well as large businesses until now. The move will be...
petrol

Oil companies to hike petrol prices by Rs. 1.5-2 per litre

Under the current market conditions, oil marketing companies are under extreme pressure due to the weakening of the Indian rupee. The companies are now looking to hike the prices of petrol by Rs. 1.5 to Rs. 2 per litre, which will take effect...
diesel

Prices of petrol and diesel hiked in India

Indian oil companies have announced a hike in prices of petrol and diesel by 75 paise and 50 paise per liter, respectively, from June 1, 2013. Indian Oil Corp had announced a hike in prices of petrol and diesel due to a sharp decline in the...
tobaco

Donations made by tobacco firms discouraged

The Chinese Association on Tobacco Control has suggested to the Ministry of Civil Affairs to ban donations made by the tobacco companies in the coming Charity Law. The data released by CATC said that the charitable donations have become the...