acceptance as market economy

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The expansion into foreign markets will be easier

21 July 2017 17:38:21 - Africa News

During the Friday meeting on 14 June, the Senate of the Republic of Poland accepted the draft bill concerning tasks executed within the scope of the promotion of Polish economy by the Polish Investment and Trade Agency. This means the sanctioning of former works of the Agency and the Polish Development Fund over the alteration of the system promoting the expansion of the Polish business. 62 senators voted in favour of the bill, 24 abstained. The purpose of the act is to concentrate the promotional activities of Polish economy, including pro-export and pro-investment...

Vice All News Time21 July 2017 17:38:21


Central bank balance sheets appear close to peaking

12 July 2017 03:09:24 - Asia News

The markets' euphoria over President Trump faded through the first half of the year, as political reality set in. Trump may be looking to 'drain the swamp' but for now his presidency is stuck in a quagmire of policy delay, bureaucratic instability, impeachment threats and a hostile media, leaving his signature economic policies of tax reform and infrastructure building delayed at best. While acceptance of this reality saw many market participants pare or close 'reflation trades' - seeing bonds rally, inflation expectations fall and the USD weaken - for the most part the cyclical improvement of the global economy continued nonetheless. Equities and credit seemed to take their cue from the...

Vice All News Time12 July 2017 03:09:24

17-144MR ASIC accepts enforceable undertaking from Macquarie Bank to address inadequacies within their wholesale FX businesses

19 May 2017 09:54:33 - Asia News

ASIC has today accepted an enforceable undertaking (EU) from Macquarie Bank Limited in relation to the bank's wholesale foreign exchange (FX) businesses, following an ASIC investigation. ASIC is concerned that the bank failed to ensure that its systems and controls were adequate to address risks relating to instances of inappropriate conduct identified by ASIC. ASIC Commissioner Cathie Armour said, 'The wholesale spot foreign exchange market is one the world's largest financial markets and the proper functioning of this market is of vital importance to the Australian economy.' 'ASIC has now accepted undertakings from some of Australia's largest market participants to put in place forward...

Vice All News Time19 May 2017 09:54:33

Emmanuel Macron: EU press relief at French outcome

08 May 2017 15:35:15 - Europe News

German newspapers express a sense of relief that Marine Le Pen's anti-EU programme was defeated. "Europe can breathe again", in the words of the top-selling tabloid Bild. But concerns about the next step are not far from the front pages. Holger Steltzner in the centre-right Frankfurter Allgemeine Zeitung is worried by a recent poll that shows widespread opposition to globalisation in France. He warns that the "Franco-German engine" can only revive Europe through "acceptance of the challenges of globalisation… and more of the market economy, rather than greater redistribution...

Vice All News Time08 May 2017 15:35:15

EBRD wins M&A award for central and eastern Europe

29 March 2017 14:54:29 - Europe News

Bank recognised as 'Investment Bank of the Year' in ceremony in Warsaw In recognition of the EBRD's continuing impact on the economies of central and eastern Europe (CEE) the Bank has been named 'Investment Bank of the Year' in a ceremony in Warsaw after a selection by an independent jury comprising over 30 private equity, venture capital and M&A professionals operating in the region. The EBRD also accepted the 'Cross-border Deal of the Year' award on behalf of all investors for the buyout of Allegro Group, the leading online market platform and the largest non-food online...

Vice All News Time29 March 2017 14:54:29

Wang bears message: End protectionism

16 February 2017 23:59:16 - Europe News

FM urges Germany to back China's acceptance as market economy Beijing sent a strong signal to the European Union to scrap protectionism with Foreign Minister Wang Yi calling on Germany to prompt the EU to redress a lapse in World Trade Organization protocol. Meeting with Wang on Thursday, German Vice-Chancellor and Foreign Minister Sigmar Gabriel said Berlin would help promote talks on the China-EU Bilateral Investment Treaty and welcomed Chinese investment. The meeting on the sidelines of the G20 foreign ministers meeting in...

Vice All News Time16 February 2017 23:59:16

'Hard' Brexit most likely outcome for UK leaving EU, says S&P

11 November 2016 12:11:35

A "hard" Brexit in which Britain loses its free access to the European Union market now looks like the most likely outcome of the country's plan to leave the bloc, ratings agency Standard & Poor's said. Britain will suffer the brunt of the economic impact of Brexit and the effects on the world economy will be more limited, S&P said in its latest update on Britain's economy. S&P cut Britain's top-notch AAA credit rating by two places to AA shortly after the June 23 vote to leave the EU, arguing that the country's capacity for effective and stable policymaking had diminished. On Friday, it said that it appeared that Britain's government had not yet accepted that the EU was unlikely to yield on the indivisibility of its four freedoms - the free movement of people, capital, goods, and services. "Even if Westminster were to acknowledge the EU position, it is hard to fathom how a rather hard Brexit can be avoided unless both sides become much more flexible than they appear today," said S&P chief sovereign credit officer Moritz Kraemer.

Vice All News Time11 November 2016 12:11:35

Competition Commission to Tackle Cartels

09 August 2016 16:26:19 - Africa News

Windhoek -It is widely accepted that the cornerstone of a successful market economy is the existence of a "competition culture" within a country and that an understanding by the public of the benefits of competition and broad-based support for a strong competition policy is essential. ......

Vice All News Time09 August 2016 16:26:19

Valletta market move set to take place

20 June 2016 20:30:36

The relocation of the Valletta open market from Merchants' Street to Ordnance Street is set to take place in the coming weeks, Economy Minister Chris Cardona said today. Speaking during the first of a series of public consultations called Gvern li jisma, Dr Cardona said around half of the stalls which are currently set up along Merchants street would be moving to Ordinance Street;. The rest, he added had accepted an €80,000 government offer to give up their licence. Dr Cardona said inspections would be carried out “regularly” to ensure that no unlicensed hawkers set up stalls and to ensure the area was kept clean. “I myself have reprimanded hawkers for leaving clothes hangers and other litter lying around. This should not and will not be tolerated,” he said. See also

Vice All News Time20 June 2016 20:30:36

Marriott Hotel Leads the Way to Boost the Halal Tourism Economy in Philippines

27 April 2016 17:49:35 Morocco World News

Rabat - The Manila Marriott has become the first premium hotel chain to be rated for its Halal friendly services to help accelerate the vision of Philippines to become one of the world’s preferred destinations for Muslim tourists. The five star Manila Marriott Hotel has been recognised by CrescentRating, the leading authority in Halal travel, with a rating of five for its halal friendly services and facilities. Among other Muslim friendly services, the Hotel has a Halal food section in the Marriott Café. Crescent Rating of the Hotels and Resorts in the Philippines is part of a series of initiatives recently unveiled by The Philippine Department of Tourism (PDOT) to create a long-term infrastructure across the country to diversify its visitor arrivals by attracting Muslim visitors- especially from the neighbouring ASEAN region and the Middle East. Travel experts predict these initiatives could be worth millions of dollars to the tourism industry in the country. The Muslim travel market is now widely recognised as a key growth tourism sector projected to be worth more than $200 billion by 2020, according to the MasterCard-CrescentRating Global Muslim Travel Index 2016 report. “Marriott Hotel Manila is excited to be a leader in promoting Halal Friendly services and offerings to the region and beyond. We look forward to extending not only our world class Filipino Hospitality to our local, regional and global customers, but also an environment of awareness, sensitivity and exemplary service expected from a multitude of discerning customers. We are thrilled to partner with The Philippine Department of Tourism (PDOT) in this important initiative”. Bruce Winton, General Manager for Marriott Manila said. Fazal Bahardeen, CEO of CrescentRating, said “We are delighted to welcome a prestigious brand such as Marriott as a member of Crescent Rated Hotels. “Marriott are leading the drive from the front and more Hotels will be granted a Crescent Rating in the Philippines soon.” “We predict that this commitment by Marriott will be worth millions of dollars to the local economy over the next few years and will drive visitor arrivals to the country.” The Philippine Department of Tourism (PDOT) recently partnered with CrescentRating on a series of activities to increase awareness of the availability of Halal food, mosques and other Muslim-friendly holiday experiences and facilities in the Philippines. Philippines close proximity to the large Muslim populations of Malaysia, Indonesia and Singapore coupled with its rich diverse culture make the country an attractive destination for family tourists keen to explore one of the most unique places in Asia. The Philippines receives approximately 566,000 visitors from the Middle East, parts of ASEAN, as well as India and Israel annually. Tourism Philippines said this new drive to attract inbound Muslim touristsformed a key strand on its long-term strategy to maximizeits economic growth in the halal tourism industry. Secretary Ramon R. Jimenez, Jr. of the Philippine Department of Tourism (PDoT), said: “Our Philippine Halal Tourism project has been successful in generating awareness and creating a Halal consciousness among the Filipino people. We have finally broken real ground and set very realistic targets to begin the important work of making Halal a real industry in the Philippines. “It is important because it is a given in the Filipino culture that our best and most important welcome to any visitor is with food. And if we are not Halal, there is a very important segment of society in the world that we are not extending a proper welcome to. “We commend Manila Marriott Hotel for being the first premium hotel chain to be rated for its Halal friendly services and for joining us in making our brand of welcome special, through food that is proper and acceptable to our countrymen and friends around the world.” The Philippines is a Southeast Asian country comprising more than 7,000 islands and offering a unique travel experience from its beautiful coastlines, lush mountain ranges and bustling city centers. The MasterCard-CrescentRating Global Muslim Travel Index (GMTI) 2016, the most comprehensive research that has been released on the sector, revealed that in 2015, there were 117 million Muslim travellers representing 10% of the entire travel economy. Philippines was ranked 46 th on the list with a GMTI 2016. The post Marriott Hotel Leads the Way to Boost the Halal Tourism Economy in Philippines appeared first on Morocco World News .

Vice All News Time27 April 2016 17:49:35