biz summary
Friday, 7 January 2011
Dollar solid on positive US outlook
TOKYO, Jan 6: The dollar held firm against the yen in Asia today as a positive outlook on the US economy continued to underpin the unit, dealers said. The dollar stood at 83.25 yen in Tokyo, a tad up from 83.24 yen in New York late Wednesday. The greenback had soared in New York overnight from 82 yen on Tuesday after the release of strong US private jobs figures boosted optimism. — AFP
Foreign cooperation projects raise real
estate prices in Myanmar
YANGON, Jan. 6: Foreign-involved cooperation projects in Myanmar have raised prices of real estate in related areas as people view that once these projects complete, they would bring booming business, socio-economic development and prosperity to respective regions. These projects cover Rakhine state Sittway, Tanintharyi region' s Dawei and Sagaing region's Monywa. —Xinhua
Gates proposing program
cuts in military budget
WASHINGTON, Jan 6: Defense Secretary Robert Gates is announcing the latest round of cost-cutting measures for the military, including a plan to do away with a new amphibious vehicle that can ferry troops to shore while under fire. The plan is aimed at staving off potentially deeper cuts by the White House or Congress by showing that the Pentagon is taking seriously a call to rein in the nation's deficit. — AP
Philippines raises 1.25 bln U.S. dlrs from
Global Peso Bond sale
MANILA, Jan. 6: The Philippine government raised 1. 25 billion U.S. dollars from its second issuance of the Global Peso Bond, finance officials announced today. Proceeds from the sale of the 25-year peso-denominated bond will be used to refinance debt. "The successful issuance of the country's second Global Peso Bond reflects the confidence of investors in the Republic's fiscal management program and liability management strategy," National Treasurer Roberto Tan said in a statement. —Xinhua
TOKYO, Jan 6: The dollar held firm against the yen in Asia today as a positive outlook on the US economy continued to underpin the unit, dealers said. The dollar stood at 83.25 yen in Tokyo, a tad up from 83.24 yen in New York late Wednesday. The greenback had soared in New York overnight from 82 yen on Tuesday after the release of strong US private jobs figures boosted optimism. — AFP
Foreign cooperation projects raise real
estate prices in Myanmar
YANGON, Jan. 6: Foreign-involved cooperation projects in Myanmar have raised prices of real estate in related areas as people view that once these projects complete, they would bring booming business, socio-economic development and prosperity to respective regions. These projects cover Rakhine state Sittway, Tanintharyi region' s Dawei and Sagaing region's Monywa. —Xinhua
Gates proposing program
cuts in military budget
WASHINGTON, Jan 6: Defense Secretary Robert Gates is announcing the latest round of cost-cutting measures for the military, including a plan to do away with a new amphibious vehicle that can ferry troops to shore while under fire. The plan is aimed at staving off potentially deeper cuts by the White House or Congress by showing that the Pentagon is taking seriously a call to rein in the nation's deficit. — AP
Philippines raises 1.25 bln U.S. dlrs from
Global Peso Bond sale
MANILA, Jan. 6: The Philippine government raised 1. 25 billion U.S. dollars from its second issuance of the Global Peso Bond, finance officials announced today. Proceeds from the sale of the 25-year peso-denominated bond will be used to refinance debt. "The successful issuance of the country's second Global Peso Bond reflects the confidence of investors in the Republic's fiscal management program and liability management strategy," National Treasurer Roberto Tan said in a statement. —Xinhua