China's asset bubble to grow bigger Jul 18, 2009
The answer, economists say, is not until private sector investment, household consumption and net exports are strong enough to fill the hole in the economy that would be left, if the government scaled back its spending or cracked down on credit. In practice, said Qing Wang, Morga 00004000 n Stanleys chief China economist, that is unlikely to happen before next year. (India Times)
* Chinas economy grows 7.9 percent in Q2 Jul 17, 2009
Taipei Times - archives. Enter your search terms. (Taipei Times, Taiwan -- Business)
China's economy grows 7.9 pct in stunning rebound Jul 16, 2009
"Although private sector investment has picked up, growth still relies heavily on the central government?s expansionary policies," said Lu Zhengwei, a Shanghai-based economist with the Industrial Bank. Nevertheless, Lu and other analysts said China's economy would likely grow by around 8. (Sydney Morning Herald -- World)
China's economy bounces back with 7.9% growth in 2009 Q2 Jul 16, 2009
" Lu said China's economy would likely grow by 8.0 per cent growth in 2009, in line with the government's target. The figure is generally seen as the minimum growth needed to create enough jobs and prevent major social unrest in the nation of 1.3 billion people. "But whether the strong rebound momentum can continue remains uncertain," Lu said. "Although private sector investment has picked up, growth still relies heavily on the central government's expansionary policies. Also there is no sign of... (Channelnewsasia.com)
Manuel reaffirms job creation target Jul 15, 2009
These investments included major infrastructure programmes, public employment initiatives centred on public works projects and large private sector investment projects. On the question of delivery, Manuel spoke of the need to increase the government's capacity to evaluate departmental performance. (Business Report, South Africa)
Will politics hurt ammo plant plans? Jul 14, 2009
However, a Roseville consultant working for Riverbank said redevelopment money would "spur private sector investment," benefiting areas outside the city as well as within. The result could add $1. (Modesto Bee, CA)
Energy policy 'too wind focused' Jul 13, 2009
"The government's disjointed approach is deterring the private sector investment needed to get our energy system up to scratch, bolster security and cut emissions," said CBI deputy director general John Cridland. "While we have generous subsidies for wind power, we urgently need the national planning statements needed to build new nuclear plants. "If we carry on like this we will end up putting too many of our energy eggs in one basket. (BBC News -- Science)
Cabinet committee on infrastructure constituted Jul 12, 2009
It will consider and decide measures such fiscal, financial, institutional and legal required to enhance investment in the sector, including grant of requisite approvals to facilitate private sector investment in specific projects and laying down annual parameters and targets for performance of all infrastructure sectors and review the progress of the projects. Text Size. (India Times, India -- Intl Business)
Cabinet Committee on Infrastructure constituted; PM to head Jul 11, 2009
It will consider and decide measures such fiscal, financial, institutional and legal required to enhance investment in the sector, including grant of requisite approvals to facilitate private sector investment in specific projects and laying down annual parameters and targets for performance of all infrastructure sectors and review the progress of the projects. Besides the Prime Minister, Union Ministers Pranab Mukherjee, Sharad Pawar, Mamata Banerjee, Sushil Kumar Shinde, Farooq Abdullah,... (India Times)
Africa: What the G8 Leaders Say On Africa Jul 10, 2009
We encourage developing countries to continue implementing strategies that support inclusive and equitable growth and to further their efforts to provide regulatory frameworks which favour the development of sound and inclusive financial markets, private sector investment and employment. We encourage and support social protection mechanisms and safety nets to address the vulnerability of those who are hardest hit by the crisis. (allAfrica.com)
Pelosi Remarks at the Campus Progress National Conference Jul 9, 2009
"Less than two weeks ago, the House passed historic and transformative legislation: the American Clean Energy and Security Act. This legislation will unleash private sector investment in clean energy to create millions of new jobs and make America the global innovation leader. It will promote clean energy technology -- made in America. It will put America in the lead in the global competition. "As we rebuild America in a green way, we will create jobs that cannot be shipped overseas. We are... (PR Newswire)
The 2009 Budget: The Fiscal Blues Jul 6, 2009
This would not only crowd out private sector investment but also shift monies from the productive sector to the bonds market as experienced in the late nineties and consequently negatively affect output growth, employment and inflation in the country. Indeed the government has promised to come back to the people with mid year review. (Ghana Web, Ghana)
Ministries seek infra status for health Jul 5, 2009
The move is in line with UPAs focus on bringing social sector reforms and likely to further boost private sector investment in semi-urban and rural markets. Two top-level industry officials, who are closely tracking the development with the union government, said it is the first time that both commerce and health ministries have given such a proposal even though the healthcare industry was lobbying for the status for the last couple of years. (India Times)
Pelosi: 'Remember These Four Words For What This Legislation Means: Jobs, Jobs, Jobs, and Jobs.' Jun 28, 2009
"Madam Speaker, we debate this legislation as millions of Americans are struggling in this economy. This is our moment to transform our economy and create jobs. "This is the moment when we can unleash private sector investment in clean energy to create millions of new jobs and make America the global innovation leader. It will promote clean energy technology - made in America. (PR Newswire)
DoE puts out call for $3.9B in smart grid projects Jun 26, 2009
"This critical public funding, coupled with private sector investment, will jump-start many smart grid projects throughout the nation and provide much-needed jobs and economic stimulus in the electricity sector," Hamilton added, in a prepared statement. "We are pleased that DoE has followed through on recommendations offered by the GridWise Alliance to raise the level of funding for larger and more expansive projects, which has opened this funding stream to initiatives by small, medium and large... (EETimes)
Grand Inga promises to light up southern region Jun 26, 2009
It's a big "if" for an $80 billion (R642bn) project that would require substantial private sector investment in addition to that from development finance institutions. The global credit situation is not going to make it easy to finance what would be the world's biggest hydropower project. (Business Report, South Africa)
Bill requires telcos to give asset info Jun 25, 2009
The government is carrying out an implementation study which will examine ways to attract private sector investment for the $43 billion project and options for its operating arrangements and detailed design. Senator Conroy said information from telcos and other groups like utilities would help inform the study, which is due to be completed in early 2010. (Sydney Morning Herald -- Australia)
Lithuania—2009 Article IV Consultation: Concluding Statement Jun 24, 2009
Private sector investment and consumption are being severely impacted by the rise in unemployment, fall in wages, tightened credit conditions and standards, and declining asset values. These trends will continue through 2010 and be compounded by the closure of Ignalina Nuclear Power Plant at end-2009. (IMF News)
Cytox Raises Pre-Series A Financing From Management and Existing UK Investors, Welcomes First US Investors Jun 24, 2009
Richard Hanson, Grant for Research and Development Policy Manager at Advantage West Midlands, said "We are very pleased to have supported Cytox at an early stage of its development and welcome the confidence in its products and services which this significant new private sector investment demonstrates.". About Cytox Limited. (PR Newswire)
Press Release: IMF Executive Board Completes Fourth Review Under PRGF Arrangement for Burkina Faso Jun 23, 2009
The country s IMF-supported economic program for 2009 focuses on sustaining reform momentum, in particular to manage the continuing effects of the global crisis, advancing tax reform, broadening and strengthening the financial sector, and advancing other structural reforms, including to make the cotton sector more efficient and promoting private sector investment. The PRGF arrangement for Burkina Faso was approved on April 23, 2007 (see ) to support the government's economic reform program for... (IMF News)
Zimbabwe: Germany Pledges 20 Million Euros Jun 19, 2009
Earlier on Friday, the Corporate Council on Africa, a grouping of 180 US companies that account for 85 percent of American private sector investment in Africa, said it would not invest in Zimbabwe until it saw more reforms. This came after the US Senate had already passed a resolution to maintain the sanctions. (allAfrica.com)
Zimbabwe: Obama Bars Mzembi Jun 17, 2009
Earlier on Friday, the Corporate Council on Africa, a grouping of 180 US companies that account for 85 percent of American private sector investment in Africa, said it would not be investing in Zimbabwe until it saw more "reforms". This came after the US Senate had already passed a resolution to maintain the George W. Bush era sanctions that the Obama administration extended in March this year. (allAfrica.com)
MTN wants to seal deal with Bharti fast Jun 4, 2009
MTN holds 70% in MTN Nigeria, local investors hold 21% while the rest is held by International Finance Corporation, the private sector investment arm of the World Bank, Sulaiman said. According to Sulaiman, Nigeria and Iran are important growth markets for MTN with MTN Nigeria contributing over 40% of the total group revenues and subscriber base. (India Times, India -- Intl Business)
Mozambique: Country Suffering Effects of Credit Crunch Jun 4, 2009
Maputo Mozambican Prime Minister Luisa Diogo on Wednesday said that Mozambique is now suffering from a reduction in export revenue, a reduction in remittances from migrants, a decline in private sector investment, and a fall in tourist numbers, all effects of the international financial crisis, colloquially known as the "credit crunch". Responding in the Mozambican parliament, the Assembly of the Republic, to questions about the government response to the crisis, Diogo stressed that the... (allAfrica.com)
Malaysia's opposition on a roll Jun 3, 2009
"The revision is due to very weak external demand as well as falling private sector investment and FDI [foreign direct investment] flows," he was reported as saying, adding that conditions were "far worse than expected". The government's earlier forecast had projected that the economy could grow or shrink by 1. (Asia Times Online)
South Africa: Renewable Energy Punted as Quick Fix for Eskom Jun 2, 2009
Frost & Sullivan energy research analyst Sipha Ndawonde yesterday said the contribution that wind-power projects would make was largely dependent on key issues such as grid capacity, private sector investment, environment impact assessment, application processes and SA's regulatory environment. Relevant Links. (allAfrica.com)
Economic contraction revised to between 4% and 5% May 29, 2009
According to Najib, private sector investment had also fallen by 26% from a year ago while foreign direct investment was also down by half compared with last year. On Wednesday, Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz announced that the economy had contracted by 6. (The Star Online, Malaysia -- Business)
Uganda: Exploiting ICT - There is Need for Awareness May 28, 2009
"Governments on their own cannot undertake to build the sector. There is a huge need for private sector investment," said Kenya's minister for ICT, Samuel Poghisio. Other experts say the infrastructure gap should be used as opportunities. (allAfrica.com)
2009 GDP forecast revised; contraction of 4%-5% May 28, 2009
"The revision is due to very weak external demand as well as falling private sector investment and FDI (foreign direct investment) flows," he said at a press conference today. The conditions of the external environment was "far worse than expected," he added. (The Star Online, Malaysia)
The Problem of Corruption in the Public Sector in Ghana May 24, 2009
It deters or absorbs private sector investment and deprives ordinary people of responsive and even-handed public administration. Corruption is a heavy tax on the poor. (Ghana Web, Ghana)
Market experts views May 19, 2009
The government's rural jobs program and strong private sector investment have highlighted the positive effects of economic reform and liberalisation, and voters' shunning of smaller parties imply a desire for greater action on the reform front, said a Moodys Economy. com report. (India Times)
Congo-Kinshasa: U.S. Congress Moving to Track 'Conflict Minerals' May 16, 2009
The U.N. and human rights groups are not calling for a ban on export of natural resources from the DRC. Yet the company's complete withdrawal from Congo underscores concerns by some U.S. Agency for International Development officials, who worry that increasing restrictions on minerals from the Congo could simply push companies out of the region, and therefore endanger the livelihoods of thousands of small-scale miners and discourage private sector investment. While the Barack Obama... (allAfrica.com)
Plutonic Power Issues Progress Update and First Quarter 2009 Financial Results May 15, 2009
The election results have provided the British Columbia Government with a renewed mandate to continue to include private sector investment to achieve its self sufficiency and clean energy goals. The election result has provided increased investment certainty in British Columbia for Plutonic Power. (CCNMatthews Press Releases)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with Kuwait May 14, 2009
Directors stressed the importance of expediting the structural reforms that are vital to boosting private sector investment, including enactment of key laws the capital markets, companies, competition, public-private partnership, and privatization laws; streamlining of business registration and other administrative barriers to investment; and enhancement of access to land by private businesses and individuals. Directors concurred that the pegged exchange rate regime remains appropriate for... (IMF News)
Max India raises Rs 150 cr through shares May 14, 2009
Analjit Singh owned insurance and healthcare company Max India is raising Rs 150 crore through a preferential allotment of shares to In-ternational Finance Corporation (IFC), the private sector investment arm of World Bank. A person familiar with the development said, IFC will pick close to 4. (India Times)
Pelosi Statement on Comprehensive Clean Energy Legislation May 14, 2009
"The bill will use the same bipartisan, American solution we used to successfully fight acid rain and protect our air and water. It will provide a framework that will unlock the power of private sector investment, which has been waiting for government leadership to match government investment. "This bill will create entire new industries in the United States -- while preserving the manufacturing base that has been the foundation of our economy, helping industries such as steel, glass, and cement... (PR Newswire)
Africa: Global Lenders Pledge Billions for Continent May 13, 2009
The ADB has pooled resources together with the European Investment Bank (EIB), the Development Bank of Southern Africa (DBSA) and the French Development Agency to lend support to private sector investment projects to spur growth. Announcing the joint international finance institutions' action plan, ADB president Donald Kaberuka said the severity of the challenge facing the continent was unprecedented: "It took us decades to get where we are but six months to go from (economic growth of) 7% to... (allAfrica.com)
Work begins on broadband arrangements May 12, 2009
Private sector investment, capped at 49 per cent, will be sought to support the project, which is forecast to be constructed over eight years. "The private sector is already expressing substantial initial interest in investing in the company," Senator Conroy said in a statement. (Sydney Morning Herald -- Australia)
Africa: Continent Needs Infrastructure, Integration, Says AU Leader [interview] May 9, 2009
We are also focusing on how we can work together on matters of peace and security on the continent because it's only when we have a stable environment in Africa that we can have private sector investment. On the subject of integration, we have seen major regional economic integration over the past few years. (allAfrica.com)
38m facelift projects for towns May 8, 2009
Leighton Andrews, deputy minister for regeneration, said: "The schemes will target town centres to ensure they will be in pole position to attract private sector investment when the economy improves.". INVESTMENT PROJECTS. (BBC News -- UK)
AfDB Group Approves Over U.S .$235 Million for Five Operations in Sierra Leone, Kenya, DRC and Rwanda May 7, 2009
2 million) private sector investment K-rep Bank, to promote entrepreneurship and economic growth in the country and UA 50 million ADF loan to finance the Mombasa-Nairobi electricity transmission line project. K-rep Bank of Kenya is the first microfinance bank in Africa and the first to transform into a full fledged commercial bank. (allAfrica.com)
Governor Rendell Says Regional Operations Center Will Bring 42 Jobs to Allegheny County May 2, 2009
"Despite today's challenges, it's important that we use all the tools at our disposal to move forward with projects that put Pennsylvanians to work and leverage private sector investment," said Governor Rendell. "This job-creating project is a result of those efforts.". (PR Newswire)
Community gathers for input on downtown revitalization May 1, 2009
"We walk hand-in-hand with you. We don't want empty buildings, we don't want empty storefronts. We want you to grow. We want you to be successful." The program, which carries a $2,500 fee for participating communities, has created a net gain of 3,160 new businesses, 9,168 new jobs, 10,069 buildings rehabilitated or sold, $806 million in private sector investment and 1,673,636 volunteer hours for communities involved in the program since 1986. The program utilizes their Four Point Approach, which... (Mid Iowa Enterprise, IA)
Forums to tackle 'lack of policy rigour' Apr 30, 2009
Mr Forward has suggested a form of "availability charging" should be applied to new motorway projects to encourage private sector investment. He is encouraging the Government to take up a concept embraced by the Victorian Government with its Peninsula Link road, where a toll is not charged. (Sydney Morning Herald -- Australia)
Transcript of the African Finance Ministers Press Briefing Apr 28, 2009
But, much more importantly or so, we have put it on specific infrastructure that we believe if implemented, and this is what we are doing, can create the basis for private sector investment ... We want to find ourselves in a situation whereby when the crisis comes to the end, the basis for private sector investment will have been enhanced ... So, for us, this is really an opportunity to reorganize ourselves, to diversify the economy, create conditions for private sector investment to come in... (IMF News)
Africa: New Corridor to Tackle Trade Bottle-Necks Apr 9, 2009
"The challenging economic environment, which was brought into sharper focus at last week's Group of 20 Summit, brings urgency to the efforts of COMESA, EAC and SADC to bring together our respective regional integration programmes. "This is in order to further enlarge our markets, unlock our productive potential, increase levels of intra-African trade and enhance our regional prospects," Motlanthe told the conference. During the proceedings, the World Bank committed 500 million dollars to... (allAfrica.com)
Australia to build $31B broadband network Apr 8, 2009
Private sector investment would be capped at 49 percent. Rudd estimated building the network would take 7-8 years, presenting a risk that voters could be alienated by the long delay as the government faces re-election late next year. (MSNBC -- Technology)
* Australia to invest US$31 billion to build high-speed broadband network Apr 8, 2009
Private sector investment would be capped at 49 percent. It adds to A$78 billion in economic stimulus measures announced by the government since September to lift the stalling economy. (Taipei Times, Taiwan -- Sports)
Australia to Add to Record Bond Sales With Debt to Fund National Broadband Apr 7, 2009
We believe over time there will be significant private sector investment which can come in in terms of either debt or equity. . (Bloomberg -- Australia & New Zealand)
Australia to build $31 billion broadband network Apr 7, 2009
Private sector investment would be capped at 49 percent. It adds to A 78 billion in economic stimulus measures announced by the government since September to help shield the stalling economy. (Yahoo News -- Technology)
Party 'finds 400m for economy' Apr 7, 2009
The party believes this would be commercially viable and attract private sector investment. Other proposals in the party's discussion paper, New Priorities in Difficult Times, include selling off a city centre car park in Belfast's High Street to raise funds. (BBC News -- UK)
More than a glimmer of hope Apr 6, 2009
They couldn't see where the money was coming from, they didn't think it was real, they didn't know how it could overcome precipitous falls in industrial production, exports and private sector investment. It now seems they underestimated the advantages of running a semi-command economy. (Sydney Morning Herald -- Business)
'South attractive for infra projects' Apr 5, 2009
NEW DELHI: Infrastructure projects in south Indian cities have attracted 70 per cent of the private sector investment in the last four years due to better state policies and faster rising per capita income, a chamber study has said. "Southern cities like Hyderabad, Bangalore and Chennai have accounted for 70 per cent of the total private investment in infrastructure projects (out of the) the six metro cities in India. Kolkata, Mumbai and Delhi, account for the remaining 30 per cent, Assocham... (India Times)
Doudna to head state association Apr 4, 2009
In my officer role within WEDA, I will be able to communicate the economic development realities of Northwest Wisconsin as they relate to economic development policy and programs that shape our ability to retain, grow and attract jobs and private sector investment, Doudna said. This is vital to our residents and the overall economic health of our communities. (Chippewa Falls Chippewa Herald, WI)
U.S. debt: Don't worry, be happy (till 2017) Apr 3, 2009
But this strategy, already put in place by the Obama administration, threatens to divert money from private sector investment lowering productivity, wages and economic growth while raising unemployment and interest rates. In fact, he says, the U.S. will rely for the next decade on foreign investors who are now getting ready to double down their bets on the U.S. government. (Globe and Mail -- Business)
* World News Quick Take Apr 2, 2009
The government says it needs private sector investment to modernize the state-owned postal operator, which is laboring under the weight of a US$11. 5 billion pension deficit, but parliaments business committee said there was a worrying lack of transparency around the plan. (Taipei Times, Taiwan -- Sports)
Sierra Leone: From Soap-Makers to Electricians Mar 26, 2009
"We need electricians, mobile phone repairers, air conditioning cleaners -- and this requires us to research emerging markets, to attract private sector investment and get more support for apprenticeship schemes," said Helga Gibbons, International Monitoring and Evaluation Advisor at the government's newly formed Youth Employment Secretariat (YES). With 60 percent of the country's youth population unemployed and many fearful that unemployment compounded by chronic poverty could derail fragile... (allAfrica.com)
China reports accelerated spending in first two months Mar 12, 2009
The sharp drop in real estate sector spending reflects sagging private sector investment, and we dont see a recovery until 2010, Lu said. Some other figures recently suggest China is holding up better than other major economies in the face of the deepest global slump in more than 70 years. (The Star Online, Malaysia -- Business)
Taxpayers last in asset sell-off Mar 6, 2009
PROMOTING private sector investment in the electricity industry is a priority, the Rees Government has said as it outlined its revised privatisation plans. The prospective return for taxpayers from any sale is second in importance to encouraging private investment in power generation, the Finance Minister, Joe Tripodi, said. (Sydney Morning Herald -- Australia)
IFC clarifies approval of loan to Tullow and Kosmos Mar 5, 2009
Accra, March 4, GNA - The International Finance Corporation, (IFC), member of the World Bank group that focuses on private sector investment, on Wednesday said the approval of 215 million dollars as loans for two companies prospecting oil in Ghana was based on rigorous environmental assessment of the Jubilee oil project. The IFC Board in February this year approved loans for Kosmos and Tullow in the sum of 100 million and 115 million dollars respectively to enable them finance certain aspects of... (Ghana Web, Ghana)
Growth to decelerate Mar 2, 2009
Sharply higher oil revenues underpinned public and private sector investment, leading to growth in expatriate employment, particularly in Qatar and the United Arab Emirates (UAE). Moving into 2009 and beyond, GCC economies are expected to contract sharply and about 30% in nominal terms. (The Star Online, Malaysia -- Business)
Houston, Harris Co. to get $36.6M for HUD Feb 28, 2009
Lead Hazard Reduction/Healthy Homes ($871,327 for Harris County) to go to eliminating dangerous lead from lower-income homes and stimulating private sector investment in lead hazard control. Areas targeted will be Aldine, Galena Park and Cloverleaf. (Houston Business Journal, TX)
MainStreet grant ratios lowered Feb 27, 2009
The funds are meant to be used for infrastructure and capital improvements in downtowns around New Mexico in order to leverage private sector investment. Fred Mondragon, secretary of Economic Development, said the department wanted to help communities move forward with projects that will assist in job creation and growth. (New Mexico Business Weekly, NM)
Private sector investment in mining, energy to plummet Feb 26, 2009
Globe and Mail Update. February 25, 2009 at 10:25 AM EST. (Globe and Mail -- Business)
North Shore Alliance for Economic Development names president Feb 25, 2009
The Alliance serves 30 communities on Boston s North Shore and will be a strong voice for public and private sector investment in the region. Luster is the former economic development director and planner in Salem and Lawrence and has private sector experience in the development field. (Georgetown Record, MA)
