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Volume XVIII, Number 316 13th Waning of Tabodwe 1372 ME Thursday, 3 March, 2011
Internet Internet
Shanghai is ranked top in economic competition Japan’s monetary base up 5.6% year-
It is followed by Beijing and
Jiangsu Province. on-year in February
The finding highlights Shanghai’s
TOKYO, 2 March—The monetary On a seasonally adjusted basis,
better infrastructure and great potential
base in Japan rose 5.6 percent in however, the monetary base dipped
despite recent moderation in the city’s
February from a year earlier, rising 2.1 percent on year in February to
economic growth rate, said Li Maoyu,
for the 30th consecutive month from a 100.906 trillion yen, following a 9.9
a Changjiang Securities Co analyst.
5.5 percent annual increase booked contraction on year logged in the
“The established infrastructure and
in the previous month, the Bank of previous month, coming in at 101.08
the great policy support to build
Photo taken on 22 Feb, 2011 show the Japan (BOJ) said in a report on trillion yen, the BOJ noted.
Shanghai into a global financial centre
view of advection fog in downtown Wednesday. Banknotes in circulation were up
are the city’s strength in economic
Shanghai, east China.—XINHUA The average daily balance of the 2.4 percent on year, although coins in
development,” Li said.
monetary base stood at 101.0039 circulation declined an annual 0.1
B EIJING , 2 March—Shanghai is Shanghai’s gross domestic product
trillion yen (1.23 trillion US dollars), percent in February from a year earlier,
ranked top in terms of comprehensive expanded 9.9 percent from a year
with the current account deposit the central banks’s data showed.
economic competitiveness among all earlier to 1.68 trillion yuan (256 billion
balance expanding 23.3 percent after Japan’s monetary base refers to
China’s Provinces and municipalities, US dollar) in 2010, the third
increasing 24. 5 percent in January, the amount of currency that is either
according to a survey released on consecutive year below the national
the central bank said. circulated in the hands of people living
Monday by the Chinese Academy of average, which was 10.3 percent last
The bank’s data also showed in Japan or in domestic commercial
Social Sciences. year.—Xinhua
reserve balances rose by 19.7 percent bank deposits held in the central bank’s
Chile-Turkey free trade agreement in the recording period. reserves.—Xinhua
A homeless man is
takes effect pictured in a park in
SANTIAGO, 2 March—The Chile-Turkey Free Trade Agreement (FTA) became central Tokyo. Japan’s
effective Tuesday, with 98 percent of bilateral trade now tax-free and the rest to unemployment rate
follow suit within six years. stood at 4.9 percent in
It is Chile’s 21st valid trade agreement described as a win-win deal, under
January, unchanged
which the South American country hopes to gain greater access to the vast markets
of oil-rich Middle East and Central Asia. Meanwhile, Turkey regards the from a month earlier in
agreement, its first FTA with a Western hemisphere country, as a way to explore line with market
the opportunities in the other side of the world. forecasts, government
Under the pact signed on 14 July, 2009, 92.6 percent of Chile’s exports to data showed Tuesday.
Turkey, or 26 percent of total Chilean exports, will get tax benefits.—Xinhua INTERNET
47.164 tons of steel artery for nearby outfall channel for the
rods, and about 14 mil- regions. To get enough plant, and switchyard.
lion gallons of diesel pozoland for the project, Either 33 feet di-
along with the use of a pozoland factory had ameter diversion tunnel
some 160 units of to be built in Popa is 3117 feet long. Its full
heavy machinery. Region with a produc- water storage capacity is Yeywa Hydropower Plant and RCC Dam.
R/489 Printed and published by the New Light of Myanmar press in Nay Pyi Taw, the News and Periodicals Enterprise, Ministry of Information, Union of Myanmar.
Encouraging radish plantation near Hsinthay Creek in Tatkon Township, Nay Pyi Taw
District meets the horizon.—MNA