The
value added by oil activities, which rose by 2.5 per cent, contributed most to this increase.
In the fourth quarter of 2018, compared with the same period of the previous year, gross
value added increased by 2.9%.
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Ms Ransome said the digital
value added services sector or 'ecosystem' was made up of a range of stakeholders who ensured services were delivered across digital platforms.
Throughout 2018, the
value added of the manufacturing sector edged up 0.3%, i.e.
"Meanwhile, labour productivity by
value added per employment dropped 1.9 per cent as employment increased 0.6 per cent," it said.
Dollars and Gross
Value Added of Nonfinancial Domestic Corporate
Ministry is working on a strategy to discourage export of raw material and encourage export of
value added items and decision shall be taken sooner.
Muscat: In an effort to create awareness about
Value Added Tax (VAT) and issues related to it among the business community, the Oman Chamber of Commerce and Industry (OCCI) will be hosting a gathering later this month to explain everything involving the tax.
He added that
Value Added Textile Export Sector has the largest share in the total textile exports of Pakistan to the tune of US $ 11.08 billion (53% of total exports i.e.
Bangladesh's
value added textile exports have reached $30.24 billion (FY2016-17) as they allow duty free import of raw material cotton yarn and always encourage value addition which is their key to success.