Zimbabwe: Mugabe Blasts West's Subsidies to Farmers Nov 18, 2009
"But we remain keenly aware that the mechanisation programme cannot be complete if it does not yield the capacity to enable us to export value-added products," he said. The energy sector played an integral role in the agriculture sector, said the President, adding that the combination of the power deficit experienced by the Sadc region last year and rising oil prices had a serious negative impact on farming operations. (allAfrica.com)
Pharmaceutical firms view Malaysia as ideal location for research Nov 17, 2009
Prime Minister Datuk Seri Najib Tun Razak said priority could be given to such value-added trials as Malaysias multi-ethnic composition represented a big portion of the global population. Light moment: Najib at the meeting in Kuala Lumpur Monday. (The Star Online, Malaysia)
UK inflation rate rises to 1.5 pct in Oct Nov 17, 2009
The Bank of England has forecast that inflation will rise above the government's official 2 percent target in coming months, fueled in part by the end of a temporary cut in the value-added tax rate in January. "No need to panic," Jonathan Loynes, chief European Economist at Capital Economics. (OregonLive, OR -- Business)
Mida reviews investment policy Nov 17, 2009
Agency to promote high-tech, knowledge-based investments with high value added ... In this aspect, the government agency is looking at striking out industries and activities that are labour-intensive and have low value added. (The Star Online, Malaysia -- Business)
SAIL, NMDC selloff may get Rs 14K cr Nov 17, 2009
It is always better to export value added product than ore, Singh said. Text Size. (India Times, India -- Intl Business)
Lawmakers re-examine workplace liability Nov 15, 2009
"* Deliver high-quality, value-added services; "* Focus on innovative solutions in all aspects of our work. "* Strive to provide a safe, incident-free work environment for all; "* Believe that the safety and well-being of our employees is a cornerstone. (Casper Star-Tribune, WY)
ProMetic Reports Its Third Quarter 2009 Highlights and Financial Results Nov 14, 2009
Such risks and assumptions include, but are not limited to, ProMetic's ability to develop, manufacture, and successfully commercialize value-added pharmaceutical products, the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of ProMetic to take advantage of business opportunities in the pharmaceutical industry, uncertainties related to the regulatory process and general changes in economic conditions. You will find... (CCNMatthews Press Releases)
TMs turning point Nov 14, 2009
TMs move into value added services (VAS) is commendable ... We have rolled out various packages with value added features for customers. (The Star Online, Malaysia -- Business)
Africa: Climate Change Boosts Need for Policies to Support African Farmers Nov 14, 2009
Nigeria is the largest producer of cassava in the world, but it accounts for zero percent in terms of value added to global cassava trade. Uganda is the second largest producer of bananas in the world, but it sits at number 75 in terms of export. (allAfrica.com)
Lawmakers rethink tax exemptions Nov 14, 2009
The coal value added facilities-tax exemptions bill is one of only two bills that the committee has taken up for introduction in the upcoming budget session beginning Feb. 8 ... By opening the coal value added facilities-tax exemptions bill to add oxy-combustion, lawmakers may have inadvertently rekindled skepticism of sales tax exemptions altogether. (Casper Star-Tribune, WY)
No country for gold men Nov 14, 2009
Inflation is likely to rise sharply over the next few months, to above the target, reflecting higher petrol price inflation and the reversal of last year's temporary reduction in VAT [value-added tax. Monetary policy can do very little to affect these short-run movements in inflation. (Asia Times Online)
Malaysia's growth to be more than 2 or 3% post-2010 period Nov 13, 2009
He asked them to take several steps such as analysing their products with regard to production, quality and pricing, seeking new markets like China, India and West Asia as well as restructuring product manufacturing to be more creative, value-added and of better quality. - Bernama. (The Star Online, Malaysia -- Business)
Navarre Corporation Announces Completion of Debt Refinancing Nov 13, 2009
Navarre Distribution Services distributes computer software, DVD video, video games and accessories; and Navarre Logistical Services provides value-added services to the company's publishing companies and third-party publishers. Navarre was founded in 1983 and is headquartered in New Hope, Minnesota. (Primezone Releases)
BK Modi returns with new investment plans Nov 13, 2009
Today , BK, as his friends call him, jets between Singapore, New York and Los Angeles as he lays plans to get into new businesses like mobile value added services, entertainment, financial services and mobile retail. Modis new flagship , Spice Global, is based in Singapore and he owns 50% of the company, with the rest split between his children Dilip and Divya. (India Times)
HITS policy norms get govt approval Nov 13, 2009
HITS would help a subscriber with a wider choice of digital channels, better picture quality and value-added services at affordable price, as per a statement issued by the ministry of Information casting. It added that HITS would also allow a cable TV viewer to receive more channels than what they get through the current system. (India Times)
Two reasons for Islamic finances move into world financial system Nov 13, 2009
Another area of international collaboration is in the promotion of value-added investments in human capital to ensure the sustainable growth of the Islamic financial industry. The International Centre for Education in Islamic Finance (INCEIF) in Malaysia was set up by the central bank with programmes for practitioners and post-graduate studies to ensure the continuous supply of talent in Islamic finance. (The Star Online, Malaysia -- Business)
Africa: Bid to Merge Three Trading Blocs Faces Disparity Threat Nov 13, 2009
Statistics by the Organisation for Economic Co-operation and Development (OECD) showed that in Sub-Saharan African countries trade taxes still account for an average 25 per cent of total tax revenue and where value added tax (VAT) collected at the border often represents more than 50 per cent of total VAT revenues. "However, this should not be used as an excuse to delay the implementation of the initiative. Care will have to be taken to broaden the effective tax base and seek alternate sources... (allAfrica.com)
Lack of supervision and logistics account for low tax collection Nov 12, 2009
The Committee, which resumed its public hearings on Tuesday, featured income generating organizations such as Internal Revenue Service (IRS), Value Added Service (VAT), National Lotteries Authority (NLA) and Customs, Excise and Preventive Service (CEPS). Institutions under the Ministry of Education and Interior that were also billed to appear before the Committee were however told to go and return on a later date as it was too late to attend to them. (Ghana Web, Ghana)
KongZhong Corporation Reports Unaudited Third Quarter 2009 Financial Results Nov 12, 2009
"Against the backdrop of stable 3Q financial performance at KONG.net (or WIS), the team has undertaken a number of initiatives, which position us well for strong user growth over the coming year. For example during the quarter, we announced a strategic alliance with CCTV that will leverage their audience of over 1.0 billion viewers to jointly develop mobile Internet services in China. Moreover, we also launched the new Ko.cn platform, which we plan to develop into the leading social mobile game... (Yahoo! Wire -- Entertainment News)
Futuremed Announces Strong Organic Growth in Third Quarter 2009 Nov 12, 2009
Futuremed Healthcare Income Fund, through its operating entities, is Canada's leading value-added distributor of consumable nursing home supplies and specialized furniture and equipment to the growing long-term care facilities sector. Futuremed's Trust Units trade on the Toronto Stock Exchange under the symbol FMD.UN. More information can be found at www. (CCNMatthews Press Releases)
Interval International Adds Dubai's Royal Club at Bonnington Tower to Its Quality Exchange Network Nov 12, 2009
Interval International operates membership programs for vacation owners and provides value-added services to its developer clients worldwide. Based in Miami, Florida, the company has been a pioneer and innovator in serving the vacation ownership market for more than 33 years. (Primezone Releases)
Euro Disney S.C.A. Reports Fiscal Year 2009 Results Nov 12, 2009
Average spending per guest is the average daily admission price and spending on food, beverage and merchandise and other services sold in the theme parks, excluding value added tax ... Average spending per room is the average daily room price and spending on food, beverage and merchandise and other services sold in hotels, excluding value added tax. (Yahoo! Wire -- Entertainment News)
Slow money gains momentum Nov 11, 2009
"What if, instead of making a double-digit return on a fast-money transaction that exploited Third World villagers and pumped up corporate profits artificially," Tasch says, "you could get a steady 2 percent to 3 percent return on money that dramatically improved the quality of life in your own neighborhood? Which would you choose? Adding valueMore people these days are looking for ways to add value, not just generate profit. That's the basic idea behind the slow money movement: value added,... (MSNBC -- International)
China Digital TV Announces Unaudited Third Quarter 2009 Results Nov 11, 2009
"As one of the leading players in China's digital television industry, China Digital TV's deep market insight, technological know-how and ability to provide flexible solutions position us well to understand the evolving needs of Chinese television viewers. Looking forward, in addition to providing value-added services to television viewers through cooperation with cable TV operators, we will continue exploring ways to directly address consumers' needs to capture opportunities in this market,"... (Yahoo! Wire -- Entertainment News)
African Media Owners launch Charter for African Media Initiative Nov 11, 2009
It also stressed on the need for new business models that are necessary to grow and sustain Africa's media industries; finance for African media development including access to venture capital; mitigating political risk through innovative guarantee mechanisms and creating capacity so that media industries would have broader access to various sources of capital; The Forum suggested the aligning of the mass media to the overall governance agenda in Africa and exploring ways in which the... (Ghana Web, Ghana)
TECHNOLOGY: Siegel & Associates selected as Smart Cube reseller Nov 11, 2009
The IBM-Intuit Smart Cube appliance is sold exclusively through select Value Added Resellers of the two companies, such as Siegel & Associates. Pricing starts at less than $8,000. (Winchester Star, MA, MA)
Differences set to delay GST rollout Nov 11, 2009
The state GST will be levied in lieu of value-added tax (sales tax), entertainment tax, luxury tax and state cesses and surcharges. There are issues that need to be sorted out before GST becomes a reality. (India Times, India)
ATS reports second quarter fiscal 2010 results Nov 10, 2009
" Financial Results In millions 3 months 3 months 6 months 6 months of dollars, ended ended ended ended except per Sept 27, Sept 30, Sept 27, Sept 30, share data 2009 2008 2009 2008 ------------------------------------------------------------------------- Revenue ASG $ 97.0 $ 147.4 $ 212.2 $ 290.2 from ------------------------------------------------------------ continuing Photowatt 51.5 72.5 91.6 141.9 operations ------------------------------------------------------------ Inter-segment (0.3)... (Canada Newswire)
German exports up 3.8% in September Nov 10, 2009
In a first step Monday, her Cabinet approved a series of measures to take effect Jan 1, including adjustments to corporate tax rules, a cut in the value-added tax rate for hoteliers to 7 per cent from 19 per cent, and an increase in child benefits. "Tax policy is growth policy, so the coalition wants to offer fast and effective relief to citizens and companies in the crisis," said Merkel's spokesman, Ulrich Wilhelm. (Sydney Morning Herald -- Business)
Top Image Systems Reports Financial Results for the Third Quarter of 2009 Nov 10, 2009
TIS markets its platform in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers as well as strategic partners. Visit the company's website for more information. (Primezone Releases)
More of this story Nov 10, 2009
The division is using the resources it has "in terms of people out in the field, with the expertise in knowing what the extent of the damage is and what the recovery costs are likely to be, with an understanding of what's happening on the price and value side, as well as value added," he said. Weather conditions have also affected hay and horticultural crops and estimates of this damage will be included in future assessments. (Hamburg Ashley County Ledger, AR)
GDP data to be released for states Nov 10, 2009
4% of total value-added at national level. Kuala Lumpur and Selangor dominated in the services sector. (The Star Online, Malaysia -- Business)
Cess may be scrapped on way to GST Nov 9, 2009
The arrangement would ensure GST is not undermined by the kind of distortions that have crept into the value added tax structure, with states imposing different rates on the same good, exempting different goods and following different procedures. The union finance ministry will soon initiate discussions with the state governments on the proposed constitutional changes and concerned ministries on inclusion of cess in the GST.. (India Times)
Worlds single largest palm oil event begins Monday Nov 9, 2009
Sabri said PIPOC 2009 would focus on sustainability and the environment, cutting-edge technologies and state-of-the-art genome research and downstream value-added product development and also re-engineering the biodiesel industry to ensure profitability and survival ... It will be good to see the industry moving from commodity based to a more value-added derivatives industry, he added. (The Star Online, Malaysia -- Business)
Retail is all about scale: Kishore Biyani Nov 9, 2009
Modern retail in India is still evolving and its job is to create consumption; to sell new value-added products and categories. Until we came in, there was nobody other than Bombay Dyeing, which sold terry towels in the country. (India Times)
Ag school looking at biomass options Nov 8, 2009
The purpose of the study was to explore the development of alternative crops and value-added processing to create a new bioeconomy. Brannon said a Task Force on Biomass/Biofuels in Kentucky is also preparing to make recommendations to Gov. Steve Beshear at the end of the month. (Murray Ledger & Times, KY)
Africa: African Media Leaders Meet in Lagos [press release] Nov 7, 2009
Monetizing media content for the development agenda, and exploring the challenges and opportunities for creating a value-added, sustainable source of revenue, and. Positioning the African Media Initiative (parent body of the AMLF) as a broad-based partnership for improving the African media sector and landscape. (allAfrica.com)
EXL acquires AmEx's travel services captive in India for $30 mn Nov 7, 2009
The acquired travel services uni 00004000 t does the global back-office activities, including account reconciliation, airline settlements, customer specific value-added services, such as MI tics. The acquisition, expected to be closed by the first quarter of next year, will help EXL expand its capability in analytics, exception processing and transaction processing. (India Times)
Pakistan's fashionistas defy Taliban Nov 7, 2009
"We are still doing the 30 dollar a dozen T-shirt business. There is no value added," said Haq. "We should be employing millions of people, not hundreds of thousands of them.". (Chippewa Falls Chippewa Herald, WI)
Aggressive campaigning for a better market share Nov 7, 2009
The Celcom Sukses pack was created to target this segment by addressing a specific set of wants and needs for these customers via offering attractive IDD rates and relevant Indo-centric content and value-added services ... It develops products and services that not only meet the youth s needs but also provides relevant value-added-services to the respective target segments. (The Star Online, Malaysia -- Business)
No. 1: The Breakthrough Value Proposition Nov 7, 2009
His company is the leading value-added manufacturer (No. 1 or 2 in market share in each product category) of ovens and ranges used in commercial restaurants, institutional kitchens, and food packaging. (BusinessWeek)
Mexico's 2010 Budget Bill Represents `Lost Opportunity,' Schineller Says Nov 6, 2009
Mexico 2010 Tax Plan a Lost Opportunity, S&P Says (Update1) - Bloomberg. Updated: New York, Nov 06 04:19 London, Nov 06 09:19 Tokyo, Nov 06 18:19. (Bloomberg -- Latin America)
An automobile stimulus Nov 6, 2009
So proactive policy for the latter would have beneficial effects and spillovers across a panoply of sectors a 00004000 s varied as energy systems, value-added plastics and information technology ... We need forward-looking policy to rev up production of value-added offerings that have high fuel efficiency, safety and smart systems ... In an integrated value-added tax regime, exemptions would wreak havoc. (India Times)
MFs' back-office services may come under Sebi watch Nov 6, 2009
However, these regulations do not cover fund accounting and fund administration activities, which are value added services provided by custodians. In case of a lapse on part of the fund accountants, knowingly or unknowingly, the regulator is powerless to act against them in the absence of any specific regulatory framework. (India Times)
Tax experts in demand; salaries scale new heights Nov 6, 2009
While this is a modern levy and a departure from the old sales tax and VAT (value added tax), the number of people well versed with its intricacies are few. Similarly, the Direct Tax Code, which is scheduled to replace the Income Tax Act of 1961, is also very much work in progress that most tax experts are still studying. (India Times)
Mexico's Largest Companies Say Calderon Budget Will Avert Rating Downgrade Nov 6, 2009
Lawmakers raised the value-added tax to 16 percent from 15 percent, increased income taxes to 30 percent from 28 percent and applied a new telecommunications tax and lifted the levy on cash bank deposits to help offset the fastest drop in crude production since World War II.. Mexico has a remarkable track record, , 46, director of Moodys Investors Service in Mexico, said at the forum. (Bloomberg -- Latin America)
Raleigh Studios Announces New Budapest Studio Project to Open in April, 2010. Nov 5, 2009
A Value Added Tax is also fully reclaimable. Raleigh Film, Raleigh's production service arm, offers full line producing and crewing as well as detailed location solutions. (Yahoo! Wire -- Entertainment News)
Eutelsat Communications Reports Record Revenue Growth in the First Quarter 2009-2010: +11.6% Nov 5, 2009
5%, Driven by Take-up of Digital TV in Emerging Markets and by Growth of HDTV - Data and Value-Added Services: +16%, Continued Solid Demand, Notably in Africa and the Middle East ... Commenting on performance during the first quarter 2009-2010, Giuliano Berretta, Chairman and CEO of Eutelsat Communications said: "Eutelsat Communications' double digit revenue growth for our first quarter testifies to the success of our in-orbit expansion programme, which in combination with excellent commercial... (Yahoo! Wire -- Entertainment News)
How to shake up your job search Nov 5, 2009
Go online "You've sent out more r;sum;s than you can count. But have you tweeted? It's a social networking world. Build your online connections on services like Twitter, Facebook and LinkedIn. Then use that platform to make value-added observations about your line of work and job searching. You never know where your electronic connections can lead," he said. 2. (CNN)
ICT Infrastructure Must be a Top Priority; WITSA Chairman Urges Developing World to Act Nov 4, 2009
He said: "As an industry, ICT has the potential to build lucrative businesses and create new jobs. It is essential to the development of a knowledge economy that offers value-added products and services to the world.". "As an enabler of other industries, ICT can raise productivity and efficiency in all economic sectors. Industries that leverage ICT tend to achieve much higher growth rates than those that don't.". (JCN Network, Japan)
Blowing jobs to China Nov 4, 2009
Besides, domestic ginseng market is expanded by value-added products such as capsules, teas, tonics, soup base, beer, boxes of candy, and even cranberry-flavored "ginseng chew." The most important is that, Wisconsin ginseng is unique from other ginseng and famous for a higher quality and a minimum amount of chemical residue though at a cost of low production. What, one wonders, would the Kang-Hsi emperor have thought of cranberry-flavored ginseng chew. (Salon)
A learn how to fish budget? Nov 3, 2009
Skilled human capital is the most important aspect to move up the value-added chain. To move to a higher-income services economy, you need trained and knowledgeable work force with the right mindset and attitude. (The Star Online, Malaysia -- Business)
Superior Uniform Group, Inc. Acquires Blade Sportswear, Inc. Nov 3, 2009
Their commitment to service, technology, quality and value-added benefits separates them from the competition in each of their seven primary markets: Healthcare, Hospitality, Food Service, Retail Employee I.D., Government Service, Private Security, and Rental Service. For more information please call (800) 727-8643, or visit their Web site at. (Primezone Releases)
ACIS sees 100% growth in headcount Nov 3, 2009
ACIS, which has grown from being an IT/ITeS operation employing about two dozen employees in 2004 has grown to being a 700-staff organisation doing high-end value-added services for the Allianz group, and has added a new facility here, hoping to reach a headcount of 1,400 in the near future. The company opened its third facility at the Technopark today, which adds 40,000 sq ft and 250 seats in the first phase of the new facility. (India Times)
GSMA Launches European Mobile Manifesto to Help Create a Prosperous, Green and Inclusive Europe Nov 3, 2009
3% of EU Gross Value Added, 1. 2% of EU GDP, and employs over 600,000 people. (Yahoo! Wire -- Entertainment News)
Energy XXI Reports Fiscal First-Quarter Results and Provides Operational Update Nov 3, 2009
Energy XXI is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The company's properties are located in the U.S. Gulf of Mexico waters and the Gulf Coast onshore. (Primezone Releases)
iMergent Reports Fiscal First Quarter 2010 Financial Results -- Correction Nov 3, 2009
Steven G. Mihaylo, Chief Executive Officer of iMergent, stated, "We are pleased with these results, particularly since the first fiscal quarter is typically our slowest quarter of the year. The fiscal first quarter normally includes seasonal weakness due to summer vacations which inhibit our ability to conduct events during the first several weeks of July. Our cost saving initiatives and cost controls continue to improve which were instrumental in enabling us to obtain profitability in our first... (Primezone Releases)
Private investments vital for income growth Nov 2, 2009
In addition, our experience in electronics indicates that the value-added contribution is not too significant given its high import content. Further, this recession which got transmitted into our economy through the external sector, teaches us to increasingly rely on domestic sources of growth. (The Star Online, Malaysia -- Business)
A way to improve schools, one instructor at a time Nov 1, 2009
The studies use a statistical analysis of standardized test results to measure the value added that each teacher contributes each year, revealing stark differences in their ability to move a class forward. According to one recent value-added study of Los Angeles schools conducted by Harvard economist Tom Kane, having a good teacher for a single year translates to a 10-point-higher score on student achievement tests that use a standard 100-point scale. (Boston Globe)
Study measures significance of agriculture to Iowa's economy (3) Nov 1, 2009
"Value-added agriculture processes have supported the increase of statewide agriculture sales and kept jobs in the state. This study shows that the diversification of farming has made agriculture the leading industry in more than a quarter of the counties in our state.". County summaries of the study data are available from the ISU Extension online store as "County Agriculture Statistics for Iowa, PM 2023." The summaries look at county crop and livestock production, as well as related businesses... (Sioux Falls Tri-State Neighbor, SD)
Kaua'i sugar producer's last harvest marks end of an era Oct 31, 2009
It also considered and rejected value-added options such as producing its own retail sugar, making a fiberboard from bagasse, and even growing a sugar substitute, stevia. After sugar, G continue operating its large cattle ranch, leasing significant amounts of land to seed corn companies, and will produce more hydropower to sell to the Kaua'i Island Utility Cooperative. (Honolulu Advertiser)
Tax observers weigh the implementation of GST Oct 31, 2009
Budget 1993 mooted the plan to integrate and restructure the existing sales tax and service tax into a value-added tax called sales and service tax (SST). That proposal did not take off, but Budget 2005 revisited the idea, this time labelling it GST, also known as value-added tax, or VAT, in some other countries. (The Star Online, Malaysia -- Business)
National Automotive Policy still stuck in neutral Oct 31, 2009
Given the strengths and weaknesses of the Malaysian automotive industry, the Governments move to focus on high value added segments makes sense, says Kavan Mukhtyar, partner and head of automotive and transportation practice, Asia Pacific, Frost van. By focusing on the luxury vehicle, electric vehicle/hybrid/precision engineering segments, the Government hopes to attract high value added new investments without competing directly with Thailand, and at the same time continuing support for the... (The Star Online, Malaysia -- Business)
Tradewinds unit plans to buy Mardec for RM150mil Oct 31, 2009
The acquisition of Mardec, which is well established with proven track record in the processing and trading of rubber, and manufacturing value-added rubber and polymer products, provides a strategic fit to the TPB group s planned growth in this sector, the company told Bursa Malaysia yesterday. It is also complementary and synergistic to the group s long-term plan to develop an integrated rubber-trade township at Padang Terap (Kedah). (The Star Online, Malaysia -- Business)
Bell Microproducts to Announce Third Quarter 2009 Results on November 5th Oct 31, 2009
Oct. 30, 2009 (GLOBE NEWSWIRE) -- Bell Microproducts Inc. (OTCBB: - ), one of the world's largest value-added distributors of storage and computing technology, announced that it will host a conference call to discuss the company's third quarter 2009 results on November 5, 2009, at 2:00 p.m. PT. ... Bell Microproducts (OTCBB: - ) is an international, value-added distributor of a wide range of high-tech products, solutions and services, including storage systems, servers, software, computer... (Primezone Releases)
