Okada Says China Risks Losing Investment Over Business Rules
Bloomberg – Japan’s Foreign Minister Katsuya Okada said China risks losing foreign investment unless it makes business and labor rules more transparent, the Wall Street Journal reported.
“Foreign companies have faced problems in China that are unthinkable in a normal business environment,” Okada was quoted as saying in an interview with [...]
E-commerce in China rapidly gaining popularity
As many economies within the Asian region are experiencing, e-commerce in China is booming. An official from the CECA (China Electronic Commerce Association) mentioned recently as to why e-commerce business has performed so positively of late.
The official Lu Jianxin from the CECA highlighted the key areas to which have resulted [...]
Liberia, Golden VerOleum Plan to Invest $1.6 Billion in Oil Palm Complex
Bloomberg – Golden Agri-Resources Ltd., part of Indonesia’s Sinar Mas Group, said the government of Liberia and Golden VerOleum (Liberia) Inc. plan to invest $1.6 billion in oil palm plantations in the African nation.
The partners are seeking other investors to contribute to the planned spending, according to a statement filed [...]
Tax Reform Panel submits various new Tax Ideas to Obama
The current tax system will go under the spotlight in the United States with the President’s Economic Recovery Advisory Board (PERAB) issuing its new report of suggested tax changes.
The main aim of the suggested changes is to reform the corporate taxing system, improve tax laws and taxpayer compliance, and further simplify the [...]
LG Electronics to invest $70 million in Poland
Warsaw Business Journal – Korean electronics conglomerate LG Electronics has said it will invest $70 million in Poland by 2015 as part of a strategy to develop the country as a bridgehead into the European home appliance market.
LGE said in a press release that its Polish investment is also part [...]
CFTC rules are an extreme concern for Forex Broker FXCM
The CFTC (Commodity Futures Trading Commission) not long ago announced new rules that will affect over the counter Forex trading which will take effect on October 18th. With the new rules, FXCM will not be able to offer accounts to US traders with their foreign subsidiaries.
What this means for Forex [...]
Manila’s San Miguel eyes $8 bln LNG investment
MANILA, (Reuters) – Philippine conglomerate San Miguel Corp (SMC.PS: Quote) (SMCB.PS: Quote) said on Thursday its power arm, San Miguel Energy Corp, is studying investing up to $8 billion to construct liquefied natural gas (LNG) facilities in the country.
San Miguel, already one of the country’s biggest power players just two [...]
E-commerce Revenues record lowest monthly increases this year
E-commerce revenues in August 2010 have increased by 7.2 per cent in comparison to August last year, marking what is the smallest monthly growth on a year-over-year basis. Advisers of MasterCard announced this yesterday in their ‘SpendingPulse’ report
Online Sales in the majority of categories are reported to have performed just [...]
BP to sell off stakes in Malaysia business
FT.com – BP, the UK energy group, is selling stakes in two petrochemical production businesses to Petronas, the Malaysian state energy company, for $363m in cash.
The proceeds from the Malaysian disposals will go towards its target of reaping up to $30bn from asset sales in order to meet the cost [...]
Forex trading volumes reach $4 trillion (USD) per day
Total global Forex trading has now reached $4 trillion per day as it seems more and more investors are switching to currency trading as opposed to investing in their home markets.
Since 2007, the global Forex trading volumes have climbed roughly 20%, where the Bank for International Settlements reported a daily [...]
