Archive for February 2010
Kenya Takes Over Sri Lanka as Largest Tea Exporter
on February 26, 2010 by admin in Africa News, Economy, Export News, Global Export News, Indian Exports, Sri Lanka News, Sri Lankan Business, Trade News, Comments (0)
In the latest data provided by the Tea Board of Kenya indicate that the country has usurped the throne of Sri Lanka for the first time as the biggest tea exporter in the world. While Kenya exported 342mn kg last… Continue reading
Migrant Workers Fuel e-Wallet Growth in the Gulf
on February 24, 2010 by admin in Africa News, Business Communication, E-Commerce, India News, Malaysia News, Trade News, UAE News, World Business, Comments (0)
The current mobile phone finance players and aspiring entrants are vying among one another to extract a higher share of the future market of mobile payments, the latest mode of payment among migrant workers, by joining forces with current mobile… Continue reading
New Nature-friendly Plastics to Revolutionize Global Industry
on February 24, 2010 by admin in Trade News, UK News, Uncategorized, World Business, World Business News, Comments (2)
A versatile bio-degradable plastic being developed by a group of scientists at the Imperial College London is all set to transform the packaging industry as well as the healthcare. According to the research team, the economically and commercially viable plastic… Continue reading
GCC Becomes the Largest Food Importer
on February 17, 2010 by admin in Business, Dubai News, GCC News, Import News, Kuwait News, Pakistan News, Qatar News, Trade News, UAE News, World Business News, Comments (0)
According to the World Trade Organisation (WTO), the GCC is the biggest importer of food in the world by buying more than 90 percent of its total needs. The GCC’s very high reliance on external food sources virtually pushes 36mn… Continue reading
Malaysia to Hire Foreigners for Custom-made Garment Industry
on February 17, 2010 by admin in India, India News, Malaysia News, Pakistan News, Trade News, Comments (0)
The rising demand for custom-made garments and lack of skilled domestic tailors are hampering the growth or even the existence of many tailoring shops in Malaysia. An industry head apprised The Star that about 2,000 traditional Indian tailor shops in… Continue reading
Irish Visa Rules Restrict Potential Tourists
on February 17, 2010 by admin in EU News, Tourism News, Trade News, Travel News, UK News, Comments (0)
The head of the representative body for private bus operators in Ireland has said that the country’s stringent visa requirements from certain countries were not allowing more job creation and perk up the economy. Gerry Mullins chief executive of the… Continue reading
Nigeria Offers Free Land and Tax Holiday to Indian Investors
on February 11, 2010 by admin in Africa News, Bilateral Trade, Dairy News, Dairy Trade, India News, Trade Deals, Trade News, Comments (0)
The Governor of Borno state of Nigeria Ali Mudu Sheriff while attending the 3rd Nigeria – India Business & Investment Forum (NIBIF 2010) announced that his state would be providing free land and tax rebate for ten years to the… Continue reading
US-Mexico Truck Dispute Enters Hope Highway
on February 11, 2010 by admin in Canada News, Mexico and the US, Trade Deals, Trade News, US Business News, Comments (0)
A meeting between two top government representatives from the US and Mexico suggests the Obama administration’s revocation of the pilot program will be lifted soon to end the one year old trade spat. The program allowed the movement of some… Continue reading
UK Staple Food Shifts to French, Indian and Mexican Ones
on February 11, 2010 by admin in Business, EU News, India News, UK News, Comments (0)
The British bread that donned the role of ubiquitous easy-carry meal to an industrialized world is giving way to a variety of food items like the French croissants, the Indian Chapattis and the Mexican tortillas, according to a recent study.… Continue reading
Russia to be Less Reliant on Food Imports
on February 8, 2010 by admin in Global Economy, Import News, Kazakh Business, Largest Wheat Exporter, Russia News, Trade News, Turkey News, US Business News, World Business, World Grain Forum, Comments (0)
According to RIA Novosti, the President of Russia, Dmitry Medvedev has approved a plan to boost domestic food production and reduce the country’s dependence on imports. Russia plans to enhance its food production through a new food policy which is… Continue reading
N-Korean Redenomination Boomerangs – Economy Collapses
on February 4, 2010 by admin in China Business News, North Korea News, World Business News, Comments (0)
Several reports suggest the fizzled out redenomination or currency swap enacted by North Korea to contain inflation has literally brought the country to its knees. Last November’s decree which gave citizens one week to surrender/exchange 100,000 old won (North Korean… Continue reading
El Nino Impact – Rice Prices to Skyrocket
on February 4, 2010 by admin in Business, E-Commerce, Export News, Import News, World Business, World Business News, Comments (0)
Based on the last month’s report on El Nino by the US Climate Prediction Center, the global rice production as well as other food products will be drastically impacted by the ongoing climatic phenomenon. El Nino, characterized by a warming… Continue reading
China to Tax E-tailers as an Act of Internet Regulation
on February 4, 2010 by admin in China Business News, E-Commerce, World Business News, Comments (0)
China’s Administration for Industry and Commerce will soon keep tabs on its online businesses to check fraud and generate revenue through one of the country’s fastest growing industries. A new proposal which is expected to be rolled out by mid-March… Continue reading