Economy

An American investor has shown interest in Air Tanzania Company Limited (ATCL), pledging to modernise its fleet if granted partnership.
Speaking in an exclusive interview on Tuesday in Dar es Salaam, Managing Director of the Celtic Capital Air Co-operation, Fabian Bachrach said his company was ready to take the airline and turn it into a formidable competitor in the global airline industry.
He said Tanzania has a good and reliable market for the airline industry, because there is a growing demand for the service, taking into account that the country is among the world’s prime tourist destinations.
According to Bachrach, ATCL needs to have in place modern airline facilities and a good management which would work to attract customers.
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TAIPEI, Taiwan -- The U.S. beef import dispute has derailed Taiwan's plan to negotiate three critical accords with the United States that may help pave the way for a bilateral free trade agreement (FTA), a senior official said regretfully Thursday.
"The Legislative Yuan's passage of a controversial amendment to the Act Governing Food Sanitation has also obstructed resumption of talks under the Taiwan-U.S. Trade and Investment Framework Agreement (TIFA) , " said Francis Kuo-hsin Liang, vice minister of economic affairs.
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The Philippine Overseas Employment Administration announced Wednesday a total of 13,360 approved job orders for the US that includes nurses, pharmacists, physiotherapists, seasonal workers in hotels, golf courses and resorts, and information and communication technology workers.
So far, a total of 876 of the total job orders have been filled up, POEA Administrator Jennifer Jardin-Manalili said, a ...

The US House of Representatives has approved the most extensive reform of the financial sector since the Great... ...

World Trade Organization (WTO) chief Pascal Lamy said Wednesday that he was concerned about the latest move by the Obama administration to restrict import of Chinese-made tires. "It's certainly a matter of concern," Lamy told reporters in Geneva. ...