Malaysian Tourism Minister Ng Yen Yen said tourism could be made much attractive in India as the country got a smart number of heritage places. Talking to media personnel’s after visiting the widely well-known Mysore palace. Yen told, ”India has a large number of heritage spots and the country can attract more number of tourists by developing them.”

With travel becoming more affordable, many people are now including Asian countries on their list of destinations. Many pensioners are now traveling with money from their Aviva savings and investments account, and even students and recent graduates are finding special deals and programs catered especially to them. Asia has become a top destination for many.

Ongoing terror threats, the minister said it was affecting the growth of tourism and must be dig. He said, ”We oppose terror activities. People extend co-operation to the Government in Malaysia. In that backdrop, terrorists have been tamed there. In a similar manner, if people and the government make joint efforts, it is possible to root out terrorism.”

Yen thought if a tour package was considered by mixing the tourist destinations, then tourism sector was bound to thrive. He added Malaysia had an individual position in global tourism as Malaysia gives special importance on tourism.

CEO of Dubai Airports in the United Arab Emirates, Paul Griffiths said ‘The Middle East continues to demonstrate vibrant growth during the global economic downturn and Dubai International (Airport) is at the epicenter of that growth.’ He added ‘The double-digit increases we’ve seen in the past two months are the direct result of a boost in passenger numbers from Emirates and other long-haul network carriers and continual growth in the low cost sector. As for cargo, considering that airports around the world continue to record sharp decline in freight traffic, we have fared well.’

DIA handled total 3,768,965 passengers in last month compared to 3,347,655 in the same period in 2008. The traffic January to July set at 23,148,452 passengers. It was up 6.1% from the corresponding period in 2008. It also handled 160,289 tones cargo in July, compared to 157,253 tones during July 2008. The amount of cargo this year is 1,035,118 tones compared to 1,038,807 tones in 2008.

Brazil and Mexico both countries are Latin America’s largest economies. The countries are presently responsible for about 70 percent of all economic activities in this region. Mexico already has trade agreements with Canada and USA. The country has struggled with recessionary trends at home as well as abroad. It sends 80 percent of its exports to USA and the country has been mostly exposed to the US fall in customer spending.

Walsh told traffic amounts are starting to get stable and demonstrate several signs of progress for the peak European summer session. The airliner has already cut capital expenses by 20 percent this year. However, British Airways ( BA ) faces likely industrial action on its efforts to shrink costs as well as staffing numbers.

The fund from theses convertible bonds issue is subject to guarantee the continual development of the group’s Macau spreading out. The company possesses and runs the Venetian Macao Resort-Hotel as well as the Sands Macao in Macau. Moreover, the company is creating the Cotai Strip with feature roughly 21,000 rooms aligned with hotel brands for example St. Regis, Sheraton, Hilton, Conrad, Shangri-La, Traders, Fairmont, Raffles, Inter Continental and Holiday Inn. In a word, it is a master-planned and organized development of resort-casino assets in Macau. Additionally, Nevada-based the Las Vegas Company owns and runs The Palazzo Resort-Hotel-Casino, The Venetian Resort-Hotel-Casino, and the Sands Expo and Convention Center in Las Vegas. It also owns and operates the Sands Casino Resort Bethlehem in Eastern Pennsylvania and the Four Seasons Hotel Macao. LVS is also mounting the Marina Bay Sands integrated resort in Singapore.

LVS has held up well in spite of the global recession. The company’s revenue & profit has dropped but only modestly. Statistics say, net revenue for the 2nd quarter was around $1.06 billion. It was a shrink of 4.8 percent compared to $1.11 billion in the 2nd quarter of last year.

Average prices tumbled almost 18 cents a gallon in July, though the trend of declining prices could shortly come to an end, told survey editor Trilby Lundberg. Lundberg said “Not only has the rate of decline slowed, but it can be expected to disappear entirely as these prices may have hit a bottom for now.” He said soaring in crude oil prices can signal an upswing in regular retail prices. Crude oil prices made up 89 cents at $68.05 each barrel on Friday increase from $59.89 each barrel just two weeks earlier. However, average cost for self-serve usual unleaded gas are below enough the all time high of about $4.11 registered on 11 July 2008, since high unemployment helped to trim down demand. Additionally, gas on average is nearly $1.51 below that it sold for on 25, July 2008.

Recently fuel shortages have got widespread in Zimbabwe as official decide to limit import licenses from new operators. In the meantime the price of gasoline has raised from 55 US cents to US$1.55 because of NOCZIM being not capable to get the hard cash payments required by regional suppliers.

Chief Executive Officer of Qatar Airways Akbar Al Baker said he has been waiting very patiently for Boeing to deliver airliner that the Airways get on order to start operating the first of its two scheduled routes through Australia. Al Baker said “I know the traveling public is eager for us to begin serving Australia and I’ve had many people ask me about our direct routes to Melbourne and Sydney. We’re finalizing some details with regulatory authorities in Australia, and once we’ve received the necessary aircraft from Boeing, we will be ready to operate. He added “Qatar Airways already has 4,000 frequent fliers in Australia that are part of our loyalty program, though the local market remains largely untapped. The Australian economy was one of the few in the world that grew in the first quarter of 2009, so this shows that the market there is still very strong, and we believe there is demand.” Qatar Airways gave orders for 14 Boeing 777-300ERs in 2007, 6 of the 777-200 Long Range variant and other seven 777-200 freighters. All will be delivered until mid-2010.

The Boeing 777-200 Long Range airliner using on the route offer a two-class arrangement of 259 seats. In Business Class, 42 seats are available with passengers can enjoy comfort and it space gives a pitch of up to 78 inches with every seat converting into 180-degree completely flat beds. With another 2–2–2 seat design, Business Class travelers are assured of a window or aisle seat and profusion of space. On the other hand, in Economy Class, seat space is more than the industry standard with a pitch of up to 34 inches providing noteworthy leg room, whereas the 217 seats in a 3-3-3 arrangement.

The new process connects travelers from Australia to the UK and Europe just with a one-stop service. It is a planned an hour connection time in Doha. Additionally, from Qatar Airways’ hub in Doha, travelers can link to several destinations in South Asia, North Africa and the Middle East.

Joint venture of Nokia & Siemens, Nokia Siemens made an unsolicited proposal for parts of NA Nortel’s carrier network group. However, the worth and scope of the agreement had been unclear. The deal would allow Nokia Siemens to get bigger its presence in North America. The deal makes it also a top supplier of wireless infrastructure equipments in the region.

Meanwhile on Thursday, the rival of GM, Chrysler said that it would closing 789 US dealers as part of a massive restructuring program.

GM said that

the 1,100 underperforming and very small sales volume US dealers…will be advised that GM does not see them as part of its dealer network on a long-term basis.

Mark LaNeve, the vice president of North American sales for the carmaker explained

It is obvious that almost all parts of GM, including the dealer body, must get smaller and more efficient,

GM now has 6246 dealers in US and they are planning to cut the number to 3605 by the end of next year. The car makers are hopping that the move will reduce cost. However, others argue that dealerships, as permits, are not a cost to the company and produce much needed revenue. Mr. LaNeve said that many of the dealers selling less than 35 vehicle annually.

The company said its gross loss for the third economic quarter totaled 4.14 billion dollar (371 billion yen), evaluated to a 12.5 billion total revenue a year earlier. Shares of Hitachi Ltd fall 17 per cent to their lowest in twenty-nine years after it shocked shareholders with a record 7.8 billion dollar yearly loss warning. Tuesday, in a statement Hitachi said,

The economic outlook also remains unpredictable against a backdrop of concerns about slowing economic growth in China and emerging markets, the yen’s run up and falling share prices.

The company offered a cost-cutting program that also failed to fill confidence for a quick recovery.  In January, Hitachi declared job cuts of up to seven thousands as part of its rehabilitation plan. The company said it looks for 200 billion yen in savings by closing unbeneficial businesses and reformation factories.

But the telecom company doesn’t blame the global economic downturn. Because the main reason is that, Chinese being to favor the expand draw on of mobile phones. So the country’s fixed line telephone services falling back. Now the leading china telecom is in tough contest from various mobile companies such as China Mobile, which is today’s mobile phone leader in the country. So, now China Telecom is trying to take some proper modern steps to get back users. Already they have brought in high-speed internet access as well as latest mobile services.

That new agreement is projected to get the world’s largest free trade area. It covers just about two-billion citizens of different countries. The plans have also been designed for cooperation on some issues like:

1. Construction of infrastructure
2. Energy
3. Resources
4. Information
5. Communication

Over the upcoming three to five years, the country will offer more than $15billion in credit in South-East Asia for cooperation. Among the South-East countries at first Laos, Cambodia, and Myanmar will get emergency funds.

This year, the number of billionaires in the world fell by nearly a third to 793 in the past year, with large numbers dropping off the list in Russia, India and Turkey.

Bill Gates regained his title as the richest man in the world, with $40 billion after triping to third last year when he was worth $58 billion. Buffett, last year’s richest man, fell to second place with $37 billion, down from $62 billion. Mexican telecommunications tycoon Carlos Slim took third place with $35 billion, down from $60 billion.

Overall, the top three billionaires lost $68 billion in the year to February 13, when Forbes took a snapshot of wealth around the world to bring together its annual list of billionaires.

The Chief Executive of Forbes Magazines Steve Forbes said that, while few would shed a tear for the difficulty of a billionaire, it was bad for the economy when entrepreneurs were in trouble. He told the reporters,

Billionaires don’t have to worry about their next meal, but if their wealth is declining and you’re not creating numerous new billionaires, it means the rest of the world is not doing very well.

and added that

“The typical billionaire is down at least one third on their net worth.”

UBS officials told the US administration that the bank has done every thing it can for now, without breaking Swiss criminal laws. They say they have taken corrective measures to comply with world authorities. Already the Internal Revenue Service in the USA has been handed the names of around 300 UBS clients, but the IRS still wants the identities of as many as 52,000 wealthy US citizens.

The average APR for cash back cards was slightly higher, at 13.67%, from 13.64% just one week ago. It is feature cash or other reward incentives. It usually requires a good-to-excellent credit rating for approval. The average APR charged for every variable-rate cards tracked by Bank-rate held steady for the third consecutive week at 10.74%. Bank-rate surveys the ten largest banks and thrifts in the ten different largest markets in America to determine its averages.

Analysts anticipate the gold rally will continue as investors drop confidence in their economic assets. Carlos Sanchez, precious metals analyst at CPM Group said in New York that,

With the Dow down to a six-year low and concerns about financial and economic stability worldwide, $1,000 seems to be the new resistance level.

The new request of GM and Chrysler say’s that they will need another $21.6 to keep alive in the auto market. But specking of the loan, for President Barack Obama’s month-old administration, there are no easy answers. White House press secretary Robert Gibbs said “There can’t be a bottomless pit to this. There aren’t the resources to deal with it,” he also added that “We have to get a sustained path to that restructuring to ensure that there isn’t a constant necessity for continued government intervention and money from the taxpayers,”

At risk is much more than the future of the PT Cruiser or the Saturn Vue. Jobs at assembly plants, car dealers, parts suppliers and the small businesses that serve them could be at risk in an exhausted economy in which nearly 12 million people are unemployed, including about 600,000 who got pink slips last month.

Even though Obama meets GM and Chrysler’s requests for an additional $14 billion in loans and the companies carry out the turnaround plans they released Tuesday, it would come with a painful price: An estimated 50,000 workers worldwide would lose their jobs and five more U.S. plants will be closed.

GM and Chrysler, which initially received $13.4 billion and $4 billion, respectively, are now asking the government for a total of $39 billion more, saying they need more loans due to a U.S. auto market where sales have fallen to lowest point not seen in more than a quarter century. GM said it will run out of money within March if the company does not receive any additional support.

To maintain the huge amount of tourist Sri Lanka’s tourism industry has recently been upgraded to include wellness, spa, culture and adventure travel. On the other hand, Arabs traveling with families have been attracted by declining costs and good child care and maid facilities as well.

But you will be astonished to know that South Korea’s top automaker Hyundai makes surprising profit in China. Hyundai Motors has had record monthly sales in China. China has the world’s second major car market, which also suffered sluggish sales growth last year in the midst of slower economic factors.

The sales figures for the Chinese unit have increased 35 percent year-on-year to 42,790 autos in January. The record monthly sales were credited to a tax cut by the Chinese government for the consumers of small automobiles. Now Hyundai is hopeful for their new sales, raised its sales target to 185,000 cars for 2009.

Steve Jobs, the 53 years old Apple’s CEO said in his latter last week that he would remain at Apple’s helm despite the hormone problem, and that he had already begun a “relatively simple and straightforward” treatment. But in an e-mail to employees Wednesday he wrote “During the past week I have learned that my health-related issues are more complex than I originally thought,”

When the roomers and news about the CEO’s health and his gaunt appearance was all-round, Apple’s shares have started to pitched and crashed over the last year. As the top executive’s health is an issue for investors in any company, at Apple the level of concern reaches fever arena because Jobs has a hand in everything from ideas for new products to the way they’re marketed. And the investors fear that, Apple will not be able to sustain its growth of the last decade, which has seen Apple branch out from its Mac computers into the iPod and the iPhone without Jobs.

A Toyota spokesman said, “We will suspend the operation of 12 Toyota factories in Japan for 11 more days.”

A stoppage of unprecedented scale for the nation’s top automaker as it struggle already idling its domestic plants for three days in January to manage with rapidly decrease global demand. Last time in August 1993, Toyota Motor Corp. halted production at all its Japan plants, when demand fall because of increasing yen, and that was for only one day.

But the stoppage time of this moment is really alarming for them. A worldwide financial slump has hammered the auto industry in Japan and elsewhere, forcing carmakers to cut employees, lower production and holdup new models. Toyota spokesman Hideaki Homma said Tuesday.

We are coping with a slump in global sales. Demand in the world auto market is so depressed that every model is falling harshly in sales.

The most recent output cuts came after the Japanese auto giant last month forecast its first ever annual operating loss, blaming an unexpected crisis in the global auto industry. Sales of latest vehicles in Japan fell to 3.2 million vehicles last year, the lowest in 34 years, the Japan Automobile Dealers Association said Monday. Toyota has already moved to reduce production at its domestic, Canadian, French, and U.S. factories, and plans to lay off 3,000 provisional workers in Japan.

Since after foundation in 1964, MFI was one of the Britain’s top furniture retailers, especially in selling home-assembled and flat-packed furniture to aspiring homeowners. But in recent few years the firm struggled as it faced increased competition from several stores for example B&Q, Homebase and. There are some problems and delays with its supply chain and many errors to orders bit into the brand as well. Finally, the wave of world economic crises has bound to the company to cease its operation. Earlier, on November 26, the authority said it was struggling with “severe cash flow pressure” because of the general deterioration in the market for home furnishings. The experts say the declaration of ceasing the operation of the company will make an impact on the economy.

According to The Fort Worth Star-Telegram report the International Air Transport Association states it expects around $300 million profit for North American carriers, which is just below 1% of their revenue. At present US Airlines is hoping to get authorization for its alliance with British Airways, in order to coordinate scheduling along with marketing for trans-Atlantic flights.

The fading demand for automobile, not only in Japan but also in international market, has caused Toyota Motor Corporation, Japan’s largest automaker, to announce its first net operating loss in their 71 years business history. The Japan Automobile Manufacturers Association already has said it is the largest decline in over 40 years history, when records were taken first time.

On the other hand, Hyundai Motors and Kia, top two carmakers of South Korea, have slashed sales forecasts, as well, by 12% due to the worldwide recession. The Indian automobile industry is responding to drop in auto sales by cutting shifts at its auto factories. So, it is very much apparent that all international car companies are survived with the recent world economic crisis and bound to cut their production.