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COPYRIGHT 2007 Asia Pulse Pty Ltd
An executive briefing on the economies of Asia for Sept 28, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia based wire with exclusive news, commercial intelligence and business opportunities.
CHINA'S INDUSTRIAL ADDED VALUE JUMPS 18.4 PCT IN JAN-AUG
BEIJING - The industrial added value of China's large enterprises jumped 18.4 per cent in the first eight months of this year, 1.1 percentage points higher than the growth in the same period of last year, according to the National Development and Reform Commission (NDRC).
The industrial added value went up 17.5 per cent in August, down 0.5 percentage points from the previous month, but up 1.8 percentage points year-on-year.
S. KOREAN FIRM TO SET UP TEXTILE PLANT IN DHAKA EPZ
DHAKA - A Korean company will set up a composite textile industry in Dhaka Export Processing Zone (EPZ).
The company, M/s DongMi Textile Co. Ltd, will invest about US$19.03 million and produce dyed & finished knit and woven fabric and knit garments -- shirt/pants/ladies wear.
WORLD BANK APPLAUDS REGULATORY CHANGE IN VIETNAM
HANOI - Vietnam had made several regulatory changes to improve conditions for commerce during the past year, International Finance Corporation and World Bank representatives agreed in Hanoi yesterday.
The laudatory appraisal was delivered at a news conference to launch the World Bank's yearly report, "Doing Business 2008." The report assesses the ease, or otherwise, of doing business in Vietnam based on: Starting a business; obtaining a licence; employing workers; registering property; credit; protecting investors; taxes; cross-border trade; enforcing contracts and closing during the period between April 2006 and June 2007.
KARZAI TOUTS AFGHAN INVESTMENT CLIMATE
NEW YORK - On the last day of his US visit, Afghan President Hamid Karzai, for at least an hour on Wednesday morning, donned the mantle of a successful CEO marketing Afghanistan.
The venue was the Opening Plenary of the Clinton Global Initiative of former US president Bill Clinton. The audience included leaders of the US corporate industry and some 40 past and present heads of state.
TOP 6 INDIAN IT COS GROWING FASTER THAN GLOBAL IT COS: GARTNER
NEW DELHI - Though India's top six IT companies accounted for 1.9 per cent of the total $672 billion IT services market in 2006, they are growing at a higher rate than their bigger global counterparts, a study reported.
A study by research firm Gartner stated that six India's IT service providers -- TCS, Infosys, Wipro, Cognizant, Satyam, and HCL Technologies, accounted for 1.9 per cent of the total US$ 672 billion IT services market in 2006, compared to 0.5 per cent of the US $554 billion IT services market in...
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