1. Five prefectures in the Kansai region compete each other to attract businesses. According to the budget plans recently announced, Osaka, Hyogo, and Kyoto will increase subsidies for economic development. On the other hand, Shiga and Wakayama will set up a new plan to attract new businesses.
2. Kyoto City aids up to \50 millions to the businesses that construct factories or laboratories on historical remains. The businesses have a legal obligation to conduct research on the remains at their own expense.
3. A large number of retirements grows budget deficit of local authorities. According to the budget plans recently announced, local authorities in the Kansai region will finance increasing retirement payment by issuing special-purpose bonds.
4. Nakayama Ironworks gave up setting up a new industrial waste disposal facility at the coastal industrial zone. As the facility is the core of the Osaka Prefecture’s Eco Town project, it is unclear if the Osaka Prefecture was able to accomplish the project.
5. According to a report released by the Kansai Institute for Social and Economic Research, the Kansai region had stagnated due to low productivity until 2003. The Kansai economy is, however, entering economic recovery due to the decreasing interest-bearing debt and the increasing export towards Asian countries.
6. The total value of export and import in Wakayama Prefecture exceeded \1,000 millions for the first time in 24years last year.
7. The Osaka Stock exchanges projected that the new listing in Hercules, the Osaka’s market for new companies, would approach 45 companies in fiscal 2006. This is the record high since its opening.
8. A vanity gallery was opened near the Old Imperial Palace, Kyoto. A traditional house was turned over to the gallery to attract students and art- lovers.
9. The Osaka Chamber of Commerce and Industry is planning an industrial tour with its counter parties in Kyoto and Kobe.
10. The Kansai International Airport projected that the numbers of departure and arrival would exceed 125 thousands in fiscal 2007. Meanwhile, the Moody’s announced that Kansai International Airport got the highest bond rating, “Aaa”.
***All news articles are cut out from the Kansai pages of Nihon Keizai Shimbun.
***This is originally written for USCS.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment