The Indian Commerce and Industry Ministry, after receiving what it terms "positive feedback" from several state governments on the issue of foreign direct investment (FDI) in multi-brand ret…
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India is trying to further liberalise retail and defence FDI, says Finance Minister
India has told the US that it is trying to further liberalise the retail and defence sectors for foreign direct investment (FDI).
"Discussions are underway to build a consensus on further liberal…
China’s tax cut threatens HK shopping hot spots
China’s Ministry of Commerce said on Tuesday that it had reached a consensus with other government departments on lowering import tariffs to spur domestic consumption and restore trade…
Internet sales to curb Australian retailers’ growth, says Morgan Stanley
Internet retailing is expected to slice into the sales of Australian retailers, reducing their expected annual sales growth to 1.7 percent by 2015, compared with their current average growth of 5.2 pe…
Vietnam 1H trade deficit USD6.65 b
Vietnam’s trade deficit reached USD6.65 billion for the first half, official estimates showed on Monday, below the government’s target but pointing to continuing problems in the economy, a…
Japan’s retail sales dip less-than-forecast in May
Retail sales in Japan fell less-than-forecast in May as the country starts to recover from the 11 March earthquake and tsunami.
Retail sales fell 1.3 percent in May compared with the same month last y…
Promoting enterpreneurship to Philippines
In September, the Philippines through the Philippine Franchise Association will host FRANCHISE ASIA 2011 featuring top level meetings of the World Franchise Council and the Asia Pacific Franchise Conf…
Stats: HK consumer footfall records a week-on-week decline, Experian FootFall
Experian FootFall has released the latest National FootFall Index (week 25, 20 June 2011), detailing the footfall patterns of consumers in Hong Kong over the past six weeks in…
India growth to overtake China, says economic adviser
India’s growth rate is poised to overtake China’s within two to three years, despite a near-term slowdown, a top Indian economic adviser said on Monday.
Kaushik Basu, the Indian finance mi…
GST only removes tax burden on “wealthier” minority, says Malaysian politian
Implementing the Goods and Services Tax (GST) while reducing the existing income tax will only benefit the “wealthier” minority, says Tony Pua, Malaysia’s DAP national publicity secr…