Manta considering growth options
News from Emerging Markets
Monetary Authority of Singapore's (MAS) Financial Center Advisory Panel (FCAP) discussed strategies to grow Singapore's financial sector, promote innovation and the use of technology, and build deep skills and capabilities, said MAS in a statement on Thursday.
Indonesia's annual inflation is forecast to ease at 7.08 percent in August from 7.26 percent in July, Agus Martowardojo, governor of the bank said here on Friday. On month, consumer price index also accelerated at slower pace by 0.3 percent in August, falling from 0.93 percent in July, Martowardojo said.
GMR Group which is an infrastructural company headquartered in Bangalore announced that it is looking to set up two hydel power projects in Nepal for which it is in talks with the government of Bangladesh, among others to export power from the Himalayan country.
The net profit of Russian gas giant Gazprom increased 50% on the year to 675.904 billion rubles, as calculated under International Financial Reporting Standards, the company said in a statement late Monday. Sales revenue excluding excises, value-added tax and duties rose 1% to 2.914 trillion rubles.
South Korea's business sentiment for September has slid again, as industrial players expect sagging exports and China's economic slowdown to undo the Korea's gradual recovery from the Middle East respiratory syndrome outbreak.
FE Bureau Given that the economic expansion came on a relatively favourable base, the government's projection of achieving a growth rate in the range of 8-8.5% this fiscal seems ambitious.