10:36 am - Friday October 31, 2014

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sales tax

Prime Minister Shinzo Abe to increase sales tax in Japan

Japan is currently facing an enormous national debt, due to which Japanese Prime Minister Shinzo Abe announced on Tuesday, October 1, 2013 that the sales tax will be increased in the country. The Prime Minster stated that the increase in sales...
petrol

Petrol price in India increased by Rs. 1.63 per liter

The prices of petrol in India have been increased by Rs. 1.63 per liter. This is the seventh hike since June 2013, due to rising oil rates and the falling Indian rupee. The hike excludes local sale tax or VAT and will come into effect from midnight...
F

Twitter planning for IPO

Popular micro-blogging site Twitter announced on September 12, 2013 that it has submitted papers for the most-anticipated stock offering in the tech sector since Facebook?s offering in 2012. The company tweeted the big announcement. The tweet...
yuan

China's yuan counted among world’s most traded currencies

The official currency of China, yuan, is counted among the most traded currencies for the first time, underlining that the growth can lead to the betterment of the country. In 2013, yuan became one of the top ten trading currencies and rose...
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...