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  • South Korean firm to help Congo solve its drainage problems

    SOUTH KOREA, 2014/04/06 The Korean Environment Corporation (KECO) plans to help Congo find solutions to its drainage problems, according to a communique published here Thursday by the Congolese Energy and Hydraulic Ministry. A delegation of experts from the South Korean firm is currently visiting Congo to discuss with the Congolese government the strategic plan for the drainage projects to be launched in the country. 'The Korean firm has come to take stock of the work that will have to be carried out regarding the drainage system in Congo,' the Chief of the Korean team, Ick Hoon, said, next a conference with Congolese Energy and Hydraulic Minister Henri Ossebi.

  • BoJ Tankan: Inflation Outlook 1.5% For Next Year

    JAPAN, 2014/04/02 The estimate for inflation over the next year in Japan is 1.5 %, the Bank of Japan said on Wednesday in the second half of its quarterly Tankan survey of consumer sentiment. According to the all enterprise component, the inflation rate is expected to rise to 1.5 % in the next year, again hit 1.7 % over the next three years, and remain there in five years. Part large manufacturers, inflation is expected to add 1.1 % over the next year, and again rise to 1.3 % in three to five years. Part large non-manufacturers, inflation is called at 1.1 % in the next year, 1.3 % in three years and 1.2 % in five years.

  • Japan has donated US$194,000 to the Cabo Verde (Cape Verde) g

    JAPAN, 2014/03/16 Japan has donated US$194,000 to the Cabo Verde (Cape Verde) government and to the Praia Municipal Council to fund projects linked to health and safety at work. The arrangement for the donation was signed Thursday in the archipelago’s capital, Praia. Japan has donated US$72,000 due to the central government to fund a project to improve the sanitary control laboratory of the Praia fishing port. The coordinator of the management commission of the fishing port, José Maria Carvalho, cited by news agency Inforpress, said that the donation, which is part of the Japanese government’s Non-Refundable Aid Programme for Local Projects, would benefit 1,200 people.

  • The members of the Bank of Japan's Monetary Policy Board

    JAPAN, 2014/02/23 The members of the Bank of Japan's Monetary Policy Board said that the country's economic recovery is expected to continue, minutes from the bank's January 21 and 22 conference revealed on Friday. The board added that downside risks remain to the recovery - particularly from commodity exporters, the European deficit situation and the pace of the recovery in the United States. "Japan's economy has continued to recover moderately, and a front-loaded increase in request prior to the consumption tax hike has recently been observed. Overseas economies -- mainly advanced economies -- are starting to recover, although a lackluster performance is still seen in part," the minutes said.

  • HSBC, a trusted familiar face and name

    BANGLADESH, 2014/01/03 HSBC has been in Bangladesh since 1996 and today has 13 branches in four cities, serviced by a staff of over 900. Andrew Tilke, CEO, discusses how the bank leverages its expertise and international interconnectivity to help Bangladesh meet its development goals while growing business opportunities for its customers.   What are HSBC’s competitive advantages in Bangladesh’s financial sector?

  • Bank of Japan policymakers agreed to continue its moderate recovery

    JAPAN, 2014/01/01 Bank of Japan policymakers agreed on the assessment that the economy is set to continue its moderate recovery, but some did express concern over the slowing pace of increase, minutes of the November 20-21 conference showed on Thursday. Further, members of the Bank of Japan Policy Board concurred that inflation expectations were rising on the whole. At the end of a two-day conference in November, the nine-member Policy Board led by Governor Haruhiko Kuroda, decided to keep the target for the monetary base expansion at an annual pace of JPY 60-70 trillion.

  • The Bank of Japan retained its monetary easing plan unchanged

    JAPAN, 2013/12/21 The Bank of Japan on Friday retained its monetary easing plan unchanged as the economy continued its moderate recovery and consumer prices maintained an upward trend. At the end of a two-day conference, Governor Haruhiko Kuroda's nine-member Policy Board said it will keep the target of the monetary base expansion at an annual pace of JPY 60-70 trillion. The Board said that the economy has been recovering moderately and the year-on-year change in the core consumer price index is presently at around 1 %. Inflation expectations are as well rising, according to the policymakers.

  • Africa's private sector

    JAPAN, 2013/12/19 The African Development Bank (AfDB) Tuesday said it had signed with the Japanese government a bilateral loan agreement to the tune of 9.48 billion Japanese yen (about US$ 100 million) towards the Enhanced Private Sector Assistance (EPSA) Initiative for Africa. This was disclosed by AfDB in a statement, following the signing of the agreement on Monday in Tunis by the AfDB President, Dr. Donald Kaberuka, and the Japanese Ambassador in Tunis, Mr. Juichi Takahara. According to AfDB, it is the fourth loan to the bank under the Enhanced Private Sector Assistance (EPSA) for Africa Initiative, which supports entrepreneurship, job creation and economic increase in Africa.

  • The Bank of Japan keep its massive stimulus program

    JAPAN, 2013/11/26 The Bank of Japan on Thursday decided to keep its massive stimulus program unchanged while as well retaining its outlook of a moderate economic recovery. At the end of a two-day conference of the nine-member Policy Board, led by Governor Haruhiko Kuroda, the central bank said it will keep the target for the monetary base expansion at an annual pace of JPY 60-70 trillion. In April, Kuroda announced the bank's plan to double the monetary base in two years with an aim to reverse 15 years of deflation in the country. Indicators released thus far have suggested that his efforts are gradually taking result.

  • China remained Zimbabwe's undisputed major investor

    CHINA, 2013/11/14 China remained Zimbabwe's undisputed major investor during the initial five months this year, accounting for 74 % of the $134 million of the foreign direct investments pouring into the southern African country, the government's investment promotion agency said Tuesday. Chinese businesses invested $81.2 million in the manufacturing sector, and an extra $16 million in mining between January and May 2013, according to Zimbabwe Investment Authority. The other top investors to Zimbabwe were Mauritius, investing $11 million in mining and service sectors, and South Africa, injecting $7 million in mining.
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