Seminar on tourism on small islands<\/p>\n
JAKARTA: The Ministry of Culture and Tourism, in cooperation
\nwith the World Tourism Organization, will hold a one-day seminar
\non the development of tourism on small islands in the country
\nnext Monday.<\/p>\n
The ministry said in a statement Wednesday that the seminar
\nwould feature among others Maldives' director general of tourism
\nthe key note speaker, the ministry's officials and experts from
\nthe University of Indonesia.<\/p>\n
It said the seminar's organizer invited the official from the
\nAfrican country into the seminar because the country, which is
\nalso an archipelago like Indonesia, had gain acclaims for its
\nsuccess to develop tourism in its small islands. The official is
\nthus expected to share Maldives's experience with the seminar's
\nparticipants.<\/p>\n
About 100 participants are expected to attend the seminar,
\nincluding governmental officials, legislators, experts and
\nindustry players.<\/p>\n
Sponsored by Singapore Airlines, Hotel Indonesia, J.W. Marriot
\nHotel, Grand Hyatt, the seminar will be held at the office of the
\nMinistry of Culture and Tourism, Gedung Sapta Pesona -- JP<\/p>\n
IMF revises Thais's growth to 3.2%<\/p>\n
BANGKOK: The International Monetary Fund (IMF) has revised up
\nits economic growth forecast for Thailand this year to 3.2
\npercent from 2.7 percent, reports said Wednesday.<\/p>\n
The IMF revised its forecast on the strength of strong
\nconsumer spending, a rebound in exports and a recovering global
\neconomy, the reports said.<\/p>\n
The IMF's Asia Pacific chief Alessandro Zanello said strong
\ngovernment spending and lower interest rates had allowed the Thai
\neconomy to weather sluggish demand for exports.<\/p>\n
\"I think Thailand's monetary policy is appropriately
\nsupportive of the country's economic growth right now,\" Zanello
\nwas quoted as saying by the Business Day.<\/p>\n
\"Low interest rates can encourage more investment from the
\nlocal private sector,\" he said, adding that the government had to
\nexpand consumer credit along with corporate lending to boost
\ndomestic spending.<\/p>\n
The IMF also raised its 2003 growth projection for Thailand to
\n3.6 percent from 3.5 percent. --AFP<\/p>\n
Japan's industrial output up 0.2%<\/p>\n
TOKYO: Japan's industrial output rose a disappointing 0.2
\npercent in April but inventories fell by the deepest margin in 48
\nyears hinting a rebound was underway, the government said
\nWednesday.<\/p>\n
The output figure was well under a consensus forecast of a
\nmonth-on-month 0.9 percent gain mainly due to overheated
\nexpectations for electronics machinery and some production
\ndelays, said officials from the Ministry of Economy, Trade and
\nIndustry.<\/p>\n
But a 10.6 percent drop in stockpiles from a year earlier --
\nthe biggest decrease since 1954 -- prompted the ministry to
\nupgrade an assessment on output, announcing production \"appears
\nto be rebounding\" from a previous view that it remained stagnant.<\/p>\n
The April output figure followed a 0.8 percent increase in
\nMarch.<\/p>\n
The ministry forecast May industrial output would surge 5.1
\npercent month-on-month but it was seen falling 0.4 percent in
\nJune, though Nishio said the June figure would drop mainly due to
\nseasonal factors. --AFP<\/p>\n
S.Korean industrial output rises 7.3%<\/p>\n
SEOUL: South Korea's industrial output jumped 7.3 percent
\nyear-on-year in April after a 4.4 percent gain in March,
\nunderlining a rapid economic recovery, officials said Wednesday.<\/p>\n
April industrial output, seasonally adjusted, increased 1.8
\npercent from March, when there was a gain of 3.8 percent
\nmonth-on-month, on lower semiconductor, telecom equipments and
\ncomputer output, the National Statistical Office said in a
\nstatement.<\/p>\n
Semiconductor output grew 10.0 percent year-on-year in April
\nafter a 9.2 percent gain in March. Automobile production grew
\n16.7 percent compared with a 10.2 percent rise a month earlier.<\/p>\n
Shipbuilding and oil refinery output fell from a year earlier
\nin April.<\/p>\n
Factories operated at 77.6 percent of their capacity in April,
\ncompared with 77.5 percent in March.
\na 7.9 percent rise in March and increased 0.1 percent month-on-
\nmonth after a 2.5 percent gain.<\/p>\n
Combined wholesale and retail sales rose 7.7 percent year-on-
\nyear in April, compared with an 8.3 percent rise in March. Month-
\non-month, wholesale and retail sales dropped 0.4 percent after
\ngrowing 1.6 percent a month earlier.<\/p>\n
Plant investment was up 2.1 percent year-on-year, down from a
\n2.4 percent gain a month earlier.<\/p>\n
Domestic machinery orders rose 21.9 percent year-on-year after
\na 48.4 percent in March. Domestic construction orders grew 31.3
\npercent year-on-year, compared with a 168.6 percent rise in
\n9March.--AFP<\/p>",
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