Tag Archive aic international investments

Japan to pay $4.3 billion to settle Chinese claims

September 8, 2021 Comments Off on Japan to pay $4.3 billion to settle Chinese claims By admin

China has offered Japan $4 billion to resolve its claims in the South China Sea and to compensate victims of Chinese fishing vessels that violated fishing zones in the waters of the South East Asian country.

China’s offer follows its announcement earlier this week that it would compensate victims in the case of a Japanese fishing boat sinking off the Philippines, where it has repeatedly complained of violations by its vessels.

The Philippine government has also accused China of sending warships into its territorial waters, including in the Spratly Islands, a move Beijing denies.

Japan has also been a target of Chinese attacks.

In a statement late Monday, China’s Foreign Ministry said the offer was a “serious offer” that “will be considered.”

It said Japan has already submitted its claims for compensation to the Philippines and the two countries have been discussing ways to settle the issue.

The ministry also said it will “respond to the Chinese offer” if it is not honored.

The Philippines said the Philippines will not accept the offer and is looking into other options to resolve the dispute.

In April, the Philippines said China had threatened to sink a Philippine vessel that was sailing close to waters claimed by Beijing in the East China Sea.

China’s navy and coast guard have repeatedly attacked Philippine ships, including one that sank off the country’s southern island of Mindanao in October last year.

The Philippine military has said China has been carrying out a “pattern of activities” that violate the territorial integrity of the Philippines.


Investors want to invest in India’s economy, says SBI chairman

August 29, 2021 Comments Off on Investors want to invest in India’s economy, says SBI chairman By admin

Investors want a share in the economic transformation of India, a report by the SBI has said.

The report, titled ‘Investing in India: The future of growth and job creation’, said the country needed to create a new generation of CEOs to help it create new jobs and spur growth.

“We need to invest more in the Indian economy and it will help India become a global leader in terms of employment creation and job opportunities,” SBI Chairman Raghav Chadha said in a statement.

He said the new CEOs would be “talented, driven, entrepreneurial and capable of solving complex problems”.

The country’s investment rate has risen to 13.5% from 7.9% in the last fiscal.

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‘What You Need To Know About The Future Of Australia’s Financial Sector’

July 18, 2021 Comments Off on ‘What You Need To Know About The Future Of Australia’s Financial Sector’ By admin

Posted June 23, 2018 08:48:11Australia’s financial sector is expected to see a significant increase in investment activity this year, with the number of investors expected to rise by almost half to nearly 10 million.

As part of its global investment outlook released on Tuesday, the Commonwealth Investment International (CI) released a report, titled ‘What you need to know about the future of Australia’s financial system’.

The report, compiled by Australian Investment Management Association (AIMA), noted that in 2019, Australian assets were expected to be worth more than $11 trillion, up $1.3 trillion from 2018.

That compares with a forecast of $8 trillion in 2018.

The report added that Australia was expected to receive an additional $3.5 trillion of external investment in 2020, bringing its total to about $10 trillion.

Australia is already the world’s biggest exporter of commodities and a leading exporter in terms of financial services.

As a result, it is forecast to have more than three times the number, or $2.6 trillion, of foreign direct investment (FDI) than any other country in the world, the report noted.

It is also expected to double its trade surplus with China to $5.6 billion, making it the world leader in the global market for goods and services.

The growth in investment in Australia has been attributed to the country’s large and growing middle class, which is expected see their incomes rise by $1,000 a year in 2020.

The number of Australian households with a high school diploma is expected hit a record high of 31.7 million in 2020-21, with an average of $71,000 in disposable income.

This is a huge increase from a year ago, when only 5.9 million households were in the same position, according to the report.

Meanwhile, the number with no degree is expected rise to 3.7 and the number earning less than $15,000 will grow to 3 million.

A total of 1.3 million households will be unemployed by the end of 2020-22.

The Commonwealth said the report highlighted Australia’s economic strengths, including the fact that it has the lowest unemployment rate in the G7.

The CI also predicted Australia will remain in the top 20 economies for years to come.

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