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Lebanon's car sector: the downward shift PDF Print E-mail
Wednesday, 06 November 2013 13:05

By Paul Cochrane, in Beirut 

Going by overall figures of new cars sold, the automotive sector is doing surprisingly well in the current economic environment, up 4.33 percent in the first eight months of the year on 2012, and in comparative terms, above the GDP forecast of 1.6 percent for 2013. Furthermore, the figures are up on last year’s August results, which grew by 7.6 percent on 2011, and the 2.1 percent growth reported in the same period in 2010. But the sector is far from being in good health and bucking the downward trend in much of the rest of the economy.

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Singapore accountants look for opportunity in economic adversity PDF Print E-mail
Friday, 30 August 2013 13:34

 

By Heather Tan, in Singapore

 

The wealthy city state of Singapore seems to have glided through the global financial crisis, but the country only narrowly avoided recession and this slowdown has affected its important accounting sector. GDP growth in Singapore grew in 2012 was projected to be 1.2%, down from 4.9% the previous year.

Lee Kin Wai, assistant professor of accounting at Singapore’s Nanyang Technological University business school explained to Accounting & Business magazine that economic uncertainty makes companies reluctant to share as much data as they might in more stable times.

 

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EBRD mulls loan to Ukraine graphite electrode maker PDF Print E-mail
Tuesday, 08 October 2013 12:24

By Keith Nuthall, in Ottawa 

 

 The European Bank for Reconstruction & Development (EBRD) is planning to lend USD26 million to a Ukrainian manufacturer of graphite electrodes for electric steel and electric-arc furnaces - Ukrgrafit. A memorandum from the bank said that the loan would fund reconstructing and modernising its manufacturing facilities and introducing energy efficient technologies. Ukrgrafit is the only Ukraine manufacturer of graphite electrodes for electric steel, electric-arc furnaces and other uses in the steel, aluminium, magnesium and titanium industries, noted the EBRD.

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Parliament Hill's ravens should return PDF Print E-mail
Friday, 16 August 2013 13:59

By Keith Nuthall, in Ottawa

Ravens that live in the Tower of London fly away, then the British monarchy will fall. What does this say, then about Canadas own political talisman – the stray cats of Parliament Hill? For these indomitable semi-feral mousers, for decades parliament’s unpaid rat catchers – were given their marching orders this winter. 

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