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COPYRIGHT 2006 Asia Pulse Pty Ltd
An executive briefing on the economies of Asia for Nov 28, 2006, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia based wire with exclusive news, commercial intelligence and business opportunities.
CHINESE BIZ CHAMBER PICKS PHILIPPINES AS VENUE OF CONVENTION
MANILA - Looking to even brighter times for the Philippine economy in the years ahead, the Chinese General Chamber of Commerce (CGCC) in Hong Kong, one of the biggest business groups in the Asia-Pacific region, will hold its 10th World Chinese Entrepreneur Convention (WCEC) in 2009 either in Cebu or Manila.
Ian Fok Chun Wan, president of CGCC in Hong Kong, informed President Gloria Macapagal-Arroyo during a courtesy call in Philippine Presidential Palace Malacanang this morning that CGCC has chosen the Philippines as the venue of the association's convention in 2009.
CHINA'S GUANGDONG POISED TO OVERTAKE TAIWAN IN GDP BY 2008
BEIJING - The southern province of Guangdong, currently the richest province on the Chinese mainland in terms of Gross Domestic Product (GDP), is poised to overtake Taiwan by 2008.
"Guangdong's GDP is expected to top 2.6 trillion yuan (US$331 billion) this year, up 60 billion over last year, and will grow at least US$30 billion annually in the coming years," said vice governor Zhong Yangsheng at a recent meeting on financial reforms.
PHILIPPINES OPENS ONE-STOP SHOP FOR NEW BIZ ENTRANTS IN CEBU
CEBU CITY - A one-stop-shop centre, to facilitate the processing and documentation of all paper requirements for the establishment of business enterprises in Cebu, is now open.
The services of the National Economic Research and Business Assistance Centre (Nerbac), located at the ground floor of LDM building, is the same one occupied by the Department of Trade and Industry (DTI) Cebu.
QUEENSLAND BUSINESSES MOST OPTIMISTIC IN AUSTRALIA: SURVEY
CANBERRA - Family-run businesses in Queensland and Western Australia are more optimistic about the economic outlook than other states, a private study shows.
The MGI Family & Private Business Survey 2006 found that Queensland business owners are the most optimistic with 68.3 per cent having few concerns about the future.
AUSTRALIAN TRADE BALANCE TIPPED TO WIDEN IN OCTOBER
SYDNEY - Despite a remarkable recovery over the past few months, the nation's trade balance looks set to widen in October, pushed by a large rise in imports.
The trade deficit rose to a seasonally adjusted $A646 million ($US502.17 million) during September from an upwardly revised deficit of $324 million in August, Australian Bureau...
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