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Hong Kong continues to be world's freest economy ISLAMABAD: Hong Kong continued to be the world's freest economy, despite a slight drop in total score from last year said Hong Kong government.The 2015 Index of Economic Freedom Report released by the Washington based Heritage Foundation, revealed that Hong Kong has been ranked the world's freest economy for 21 consecutive years with an overall score of 89.6 (on a scale from 0 to 100), Xinhua News reported on Wednesday.Singapore ranked second with 89.4, followed by New Zealand, 82. 1, Australia, 81.5 and Switzerland, 80.5.Among the 10 Economic Freedom Components measured in the report, Hong Kong continued to come in first in business freedom, trade freedom and financial freedom; second in investment freedom.Copyright APP (Associated Press of Pakistan), 2015 ...

Philippine economy to regain momentum in Q4 on exports MANILA: The Philippine economy likely finished 2014 strong with growth in the last quarter expected to have regained momentum, putting it on course for another year of solid growth that will allow the central bank to leave policy rates on hold in the near term.Buoyant consumer demand, strong exports and a recovery in farm output probably helped offset a pull-back in government investment, which had been a big drag on the economy last year and ...
Whisky industry worth billions to British economy: report LONDON: Britain's whisky trade is worth over £5 billion ($7.6 billion, 6.7 billion euros) to the economy each year and provides over 40,000 jobs, according to a study released on Wednesday.The report by the Scotch Whisky Association (SWA) found that despite a slowdown in exports, billions of bottles of whisky were sold globally each year."Scotch whisky must be recognised as a cultural asset that boosts growth and jobs, supports communities and combines the best of ...
Australian core inflation eases interest rate cut pressure SYDNEY: A pick-up in core consumer prices in Australia has reduced the likelihood of a near-term interest rate cut, even as official statistics showed Wednesday that plunging oil prices slowed inflation in the last three months of 2014.The Consumer Price Index (CPI) rose 0.2 percent from the previous quarter and 1.7 percent through the year to December, the Australian Bureau of Statistics said. That compares with 0.5 percent and 2.3 percent in the previous three ...
Venezuela prepares public for hikes in gas prices CARACAS: Venezuela's socialist government has launched a flurry of TV commercials and newspaper ads aimed at persuading the public they pay too little for gasoline.It's hard to argue they don't in this oil-rich but cash-strapped country where gas sells for $.15 a liter, or less than 60 US cents a gallon, the world's cheapest.But the last government that tried to raise prices, in 1989, ignited riots that left hundreds dead nationwide.This time, the government of ...
Brazilian malls, supermarkets forecast slowdown after weak 2014 SAO PAULO: Brazilian mall and supermarket associations on Tuesday forecast slowing sales growth after a weak 2014, with revenues scarcely keeping up with inflation and store openings as consumer sentiment sours. The meager 2015 forecasts reinforce a grim outlook for Brazilian retailers, as higher taxes, rising interest rates and stagnant job growth pinch families' budgets, contributing to some economists' forecasts of a recession in 2015.Consumer confidence in Brazil plunged in January to the lowest level ...
Canada's opposition leader proposes tax relief for small business OTTAWA: The leader of Canada's left-leaning main opposition party proposed a tax cut for small businesses on Tuesday as he laid out some details of the party's economic plan ahead of October's general election. New Democratic Party (NDP) leader Thomas Mulcair said he would reduce the small business tax rate to an eventual 9 percent from 11 percent, with a cut to 10 percent to be effective immediately if the party takes office. The reduction ...


Index Closing Chg%
Arrow DJIA 17,409.00 1.31
Arrow Nasdaq 4,683.41 0.98
Arrow S&P 2,017.30 0.95
Arrow FTSE 6,810.60 0.22
Arrow DAX 10,737.87 0.25
Arrow CAC-40 4,631.43 0.44
Arrow Nikkei 17,606.22 1.06
Arrow H.Seng 24,595.85 1.07
Arrow Sensex 29,681.77 0.41

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln