Vietnam's trade deficit hits $2.36b<\/p>\n
HANOI: Vietnam's trade deficit hit US$2.36 billion in the
\nfirst six months of the year, preliminary figures showed on
\nTuesday.<\/p>\n
Exports during the period rose 19.8 percent to $11.8 billion,
\nwhile imports increased 14.7 percent to $14.16 billion, according
\nto the General Statistics Office.<\/p>\n
Cotton imports saw the sharpest gain, up 97.3 percent in the
\nfirst six months to $101 million, while imports of wood and
\nwooden products grew 67 percent to $208 million.<\/p>\n
Imports of computers and electronics were up 31 percent to
\n$549 million, and milk and dairy product imports rose 30.4
\npercent to $105 million.<\/p>\n
Imports of gasoline and refined-oil products, which make up
\nVietnam's biggest import bill, increased 25.6 percent to nearly
\n$1.6 billion. -- AFP<\/p>\n
;AFP;
\nANPAf..r..
\nMoney-ADB-Laos-loan
\nADB approves $17.7m loan to Laos
\nJP\/16\/Money<\/p>\n
ADB approves $17.7mloan to Laos<\/p>\n
MANILA: The Asian Development Bank approved a $17.7 million
\nloan to Laos to help improve road infrastructure in poor, remote,
\nrural areas, the ADB said in a statement on Tuesday.<\/p>\n
The loan will be used to construct about 292 kilometers of
\nall-weather road in three provinces, which will enable people in
\nremote rural areas to gain better access to markets, jobs, and
\nservices, the ADB said in a statement. -- AFP<\/p>\n
;AFP;
\nANPAf..r..
\nMoney-SKorea-economy
\nS. Korea surplus hits 68-month high
\nJP\/16\/Money<\/p>\n
S. Korea surplus hits 68-month high<\/p>\n
SEOUL: South Korea's May account surplus more than doubled
\nfrom April to US$3.76 billion, thanks to strong exports and
\nseasonal factors, the Bank of Korea said on Tuesday.<\/p>\n
The outcome marked the 13th consecutive monthly surplus and a
\n68-month high.<\/p>\n
Central bank director-general Bun Kim-Seek said the June
\ncurrent account surplus was expected to reach $3 billion.<\/p>\n
\"For the first half, the current account surplus is seen to
\nexceed $14 billion,\" he said. -- AFP<\/p>\n
;AFP;
\nANPAf..r..
\nMoney-economy-rating
\nS&P upgrades HK ratings outlook
\nJP\/16\/Money<\/p>\n
S&P upgrades HK ratings outlook<\/p>\n
HONG KONG: Standard and Poor's on Tuesday upgraded its outlook
\non Hong Kong's ratings and said the territory's recent political
\nuncertainty would not affect its economy.<\/p>\n
The ratings agency raised Hong Kong's AA-minus long-term local
\ncurrency rating to stable from negative as an economic upturn, an
\nexpected end to deflation and rising consumer confidence had
\nboosted fiscal prospects for the former British colony, it said
\nin a statement.<\/p>\n
Standard and Poor's added the recent political uncertainty in
\nHong Kong would not affect \"prudent financial management and good
\neconomic prospects\" in the territory. -- AFP<\/p>\n
;AP;
\nANPAf..r..
\nMoney-China-US-trade
\nU.S. sock makers request import relief
\nJP\/16\/Money<\/p>\n
U.S. sock makers request import relief<\/p>\n
WASHINGTON: American textile manufacturers have asked the Bush
\nadministration to limit shipments of Chinese-made socks into the
\nUnited States, seeking similar relief that the administration
\nprovided to makers of three other textile products last year.<\/p>\n
\"It is not too late to save our domestic sock industry,\"
\nCharles Cole, chairman of the Hosiery Association's Domestic
\nManufacturing Committee, said on Monday. \"The U.S. sock industry
\nis the most competitive sector of the U.S. apparel industry.\"<\/p>\n
The Commerce Department will have until July 20 to decide
\nwhether to take the case filed by four textile groups and then
\nwill have at least three more months to conduct an investigation
\nand decide whether to grant the request for import relief. -- AP<\/p>",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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