Japan still recovering

TOKYO: The Japanese government gave an upbeat assessment of consumer spending last month and maintained its view that the economy is recovering. But the Cabinet Office economic report for June downgraded its view on industrial output. “The economy is recovering, despite weakness in industrial production in some sectors,” the report stated . — AP

Sustainable growth

SHANGHAI: China’s double-digit economic growth remains sustainable with the rapid expansion expected to continue over the next few years. China’s economy has kept growing at double-digit rates for many years, which is sustainable and it ‘will not slow down abruptly.’— AFP

Exports recover

SINGAPORE: Singapore’s key exports recovered in May to grow 3.7 per cent from last year after declining in the previous month, boosted by a hefty jump in pharmaceuticals shipments. On a month-on-month seasonally adjusted basis, Singapore’s non-oil domestic exports, valued at $9.02 billion, was up by 1.4 per cent. Analysts had predicted NODX would increase an annual 1.7-8.0 per cent. — AFP

P’pines BoP surplus

MANILA: Philippine May balance of payments (BoP) surplus expanded nearly three-fold to 665 million dollars in May from 282 million in April on the back of strong remittances from overseas. In last May, it posted a BoP deficit of 36 million. After strong showing in May, the surplus for the first five months of the year came in at 2.4 billion, over 30 per cent higher than the 1.8 billion surplus recorded in the same period a year ago. — AFP

Odomos from Dabur

KATHMANDU: Dabur Nepal Pvt Ltd has launched Odomos for the first time in Nepal. Formerly, a product from Balsara Home Products Ltd, Odomos has over 40 years of experience in the category. With varied products like Odomos Coils, Odomos Cream and Odomos Liquid Vapouriser, it is the only mosquito repellant brand which offers a solution for all times, whether you are inside the house or out in the park. Odomos is available as a Coil (Green and Red), Cream and Liquid Vapouriser. Odomos, a product from Balsara Home Products Ltd, is being marketed by Dabur Nepal Ltd in Nepal.— HNS

Talk on tourism plan

RAMECHHAP: A day long interaction on ‘need of district museum for tourism development and potentials’ was held at Manthali on Sunday. Speaking on the occasion the locals stressed on the need of a museum in the district to collect archeological and natural objects. Hiranya Prasad Poudel of Malgiri Development Centre, leaders Tul Prasad Kandel, Barun, Bichar Singh Tamang and Jagannath Dahal of Ramechhap Chamber of Commerce and Industry said that all should be sensitive for the tourism development of the district. — RSS

New cancer drugs

LONDON: GlaxoSmithKline (GSK) PLC, the world’s second-largest pharmaceutical company, said on Monday that it expects to introduce five new cancer treatments through 2010. The drugs will treat a range of different cancers, including cancer of the cervix. The new treatments are cervarix, pazopanib, promacta, rezonic and ofatumumab. The market for cancer treatments is worth about $39.5 billion and is growing. — AP