Indian gov't says record goods and services tax collected in April

STORY: Indian gov't says record goods and services tax collected in April SHOOTING TIME: May 1, 2024 DATELINE: May 2, 2024 LENGTH: 00:01:29 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market areas 3. various of containers STORYLINE: India's finance ministry Wednesday said a record 25.16 billion U.S. dollars were collected as gross goods and services tax (GST) in April. "This represents a significant 12.4 percent year-on-year growth, driven by a strong increase in domestic transactions (up 13.4 percent) and imports (up 8.3 percent)," the ministry said in a statement. After accounting for refunds, the net GST revenue for April 2024 stands at 1.92 trillion rupees (23 billion dollars), reflecting an impressive 15.5 percent growth compared to the same period last year, it said. According to the ministry, it is the first time the GST collections breached a landmark milestone of 2 trillion rupees (23.9 billion dollars). Xinhua News Agency correspondents repo

Türkiye's foreign trade deficit decreases by 12 pct in March

STORY: Türkiye's foreign trade deficit decreases by 12 pct in March SHOOTING TIME: Earlier footage DATELINE: May 1, 2024 LENGTH: 00:01:22 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of containers at port in Türkiye (courtesy of ihlas news agency) (date:14.04.2024) 2. various of U.S. dollar (date:13.11.2023) 3. various of the trucks carrying goods at a customs gate in Türkiye (courtesy of ihlas news agency) (date:10.04.2024) STORYLINE: Türkiye's foreign trade deficit declined by 12.4 percent in March from a year ago to 7.3 billion U.S. dollars, according to official data announced on Tuesday. In the January-March period, the foreign trade deficit decreased by 41.5 percent from 34.79 billion dollars to 20.34 billion dollars, the figures of the Turkish Statistical Institute showed. The country's exports decreased by 4.1 percent to 22.57 billion dollars in March compared to the same month last year, while imports decreased by 6.3 percent to 29.9 billion dollars. The improvement in the a

Malaysia's wholesale, retail sales up 12.4 pct in Jan.

STORY: Malaysia's wholesale, retail sales up 12.4 pct in Jan. DATELINE: March 15, 2023 LENGTH: 0:02:16 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of streets in Kuala Lumpur 2. various of 4S store 3. various of supermarkets STORYLINE: Malaysia's wholesale and retail sales grew 12.4 percent year on year to 135.1 billion ringgit (30.1 billion U.S. dollars) in January, official data showed Monday. The Department of Statistics Malaysia (DOSM) said in a statement that the growth was attributed to the retail trade sub-sector, which recorded an increase of 21.7 percent to 59.6 billion ringgit (13.3 billion U.S. dollars). Meanwhile, the sales of motor vehicles expanded 20.1 percent to 15.2 billion ringgit (3.39 billion U.S. dollars). Wholesale trade, on the other hand, went up 3.1 percent to 60.4 billion ringgit (13.49 billion U.S. dollars). However, for month-on-month comparison, the data showed the sales value of wholesale and retail trade declined by 1.6 percent, as the motor vehicle

China's new bank loans surge, boosting growth prospects

STORY: China's new bank loans surge, boosting growth prospects DATELINE: Feb. 10, 2023 LENGTH: 00:01:36 LOCATION: Beijing CATEGORY: SOCIETY SHOTLIST: 1. various of views of China 2. SOUNDBITE 1 (English): THOMAS HELBLING, Deputy Director of the IMF's Asia and Pacific Department 3. SOUNDBITE 2 (English): LIANG GUOYONG, Senior economist with United Nations Conference on Trade and Development STORYLINE: According to the People's Bank of China, the country's new yuan-denominated loans totaled 4.9 trillion yuan (721.82 billion U.S. dollars) in January, up by 922.7 billion yuan from the same period last year. Meanwhile, the total outstanding yuan deposits stood at 265.39 trillion yuan, up 12.4 percent year on year. In January, the purchasing managers' index (PMI) for China's manufacturing sector came in at 50.1, returning to expansion territory after three consecutive months of contraction. The encouraging indicators bespeak a faster-than-expected recovery of China's economy. The International Monetary Fund

ADB President Kuroda in Manila

ADB President Kuroda in Manila

MANILA, Philippines - Asian Development Bank President Haruhiko Kuroda holds a press conference in Manila on May 2, 2012. Kuroda said the bank has secured $12.4 billion to help Asia's poorest over the next four-year phase of its concessional development fund.

ADB President Kuroda in Manila

ADB President Kuroda in Manila

MANILA, Philippines - Asian Development Bank President Haruhiko Kuroda holds a press conference in Manila on May 2, 2012. Kuroda said the bank has secured $12.4 billion to help Asia's poorest over the next four-year phase of its concessional development fund. (Kyodo)

Racketeer Koike sentenced to 9 months in payoff scandal

Racketeer Koike sentenced to 9 months in payoff scandal

Ryuichi Koike, ''sokaiya'' corporate racketeer, enters the Tokyo District Court on April 21 to receive a ruling on a charge that he received illegally 12.4 billion yen in payoffs from four securities firms and Dai-Ichi Kangyo Bank. The court sentenced Koike to nine months in prison later in the day.