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Ecuador to levy royalties on foreign companies

Topics:economy
Energy Minister Alberto Acosta has announced that Ecuador will likely revise its mining concessions and introduce royalty charges on foreign companies in an effort to boost state revenues.

Ecuador News Digest Ecuador to review mine concessions, seek royalties (Reuters)
Posted: 03/27/07 05:12 by Giovanni

Slim: Nationalization not widespread in Latin America

Topics:economy
Billionaire Mexican tycoon Carlos Slim, the world's third richest man claims that despite Venezuela's nationalization of telecommunications and energy companies, the move to nationalization will not be widely followed in other Latin American countries.

Mexico News Digest No nationalization wave in Latin America: Slim (Yahoo News)
Posted: 03/27/07 04:18 by Alain

Big reduction in Costa Rica financial deficit

Topics:economy
Minister of Finance Guillermo Zúñiga disclosed that the financial deficit in Costa Rica had been substantially reduced over the past fiscal year dropping by a whopping 70%.

Costa Rica News Digest Fiscal Deficit Drops 70 percent (Insidecostarica.com)
Posted: 03/27/07 04:11 by Alain

Malaysia stocks boom

Topics:economy
The stock market in Malaysia is booming. Led upwards by plantation stocks such as IOI Corp., the index rose 0.7% to its highest level in about a month, after Malaysian crude palm oil futures hit 2007 highs.

Malaysia News Digest SE Asia stocks-Plantation stocks drive Malaysia to 1-mth high (Yahoo News)
Posted: 03/26/07 06:16 by Kali

Malaysia draws Islamic bank governors to forum

Topics:economy
Organized by Malaysia's central Bank Negara, governors of banks from Iran to Saudi Arabia are to attend Malaysia's first international Islamic finance forum this week. Malaysia hopes to use the opportunity to establish itself as a future Islamic financial hub.

Malaysia News Digest Malaysia chasing funds as global Islamic bankers meet (Yahoo News)
Posted: 03/26/07 06:13 by Kali
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