December 2000 / January 2001

Nepal

• FNCCI & Mongolia sign MoU : Mongolian businessmen show interest to invest in Nepal
• IT Policy approved by Cabinet
• China agrees on rope-way link between Nepal, Tibet
• Nepal's herbal medicines popular in India
• Nepal-Austria sign an agreement on the avoidance of double taxation
• Nepal-Sri Lanka Business Council constituted
• Two major commercial banks management to be handed over to Pvt. firms
• Tourist arrival decline by 11%
• Export of Carpet declined
• Asian Paints to provide 150% dividend
• Hukum Pharmaceuticals (Pvt) Ltd. gets ISO 9002
• Surya Tobacco Company gets Safety Award
• Santosh Tibrewala appointed Honorary Consulate of Morocco

• GDP growth estimated at 5.4% in India
• ASSOCHAM calls for longterm tax policy
• IMF urges Pakistan to Correct Economy
• Sri Lanka to receive $ 1B aid
• Pakistan lagging behind key targets linked to IMF loan
• Bangladesh export earnings grow 25 percent
  

• CACCI Conference concluded
• China's foreign trade grew by 33%
• Japan targets 1.7% economic growth
• China's WTO energy to fuel HK export
• Singapore economy vulnerable
• Filipino economy grows 4.8%
  

World

• Foreign investment to scale $ 1.1 trillion : UN
• Australia's growth rate slowing but no worries
• Britain gives up debt for poor
• US Fed to focus on sluggish economy
• Russia faces painful economic reforms
• Nigeria 13th poorest but 6 are among world's richest
  

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