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South Korea adopts match-making to tackle falling birth rates

South Korea adopts match-making to tackle falling birth rates

SEOUL: From the vibrant streets of Seoul you’d never guess, but beneath the bustle there lies a huge worry. For the past 10 years, South Korea has been coming up with various ways to boost population. Having failed all these years, it has settled on another idea: government-sponsored match making services to get young Koreans […]

December 3, 2015 | By | Reply More
US law saves billions on credit card fees, but risks remain: CFPB

US law saves billions on credit card fees, but risks remain: CFPB

WASHINGTON: Credit card holders have avoided more than US$16 billion in fees over the last few years because of tighter regulation of the U.S. card market, but they are still vulnerable to aggressive collections and high costs, according to a federal consumer watchdog. The Credit Card Accountability Responsibility and Disclosure Act, enacted in 2009 during […]

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SMRT, A*STAR to develop tech to improve rail reliability

SMRT, A*STAR to develop tech to improve rail reliability

SINGAPORE: Transport operator SMRT on Thursday (Dec 3) announced it has signed a deal with the Agency for Science, Technology and Research (A*STAR) to work on research projects that would help improve rail reliability and performance. SMRT signed a five-year Master Research Collaboration Agreement with A*STAR, and will collaborate with two specific institutes – the […]

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Citi: U.S. recession, zero interest rates in China next year

Citi: U.S. recession, zero interest rates in China next year

December 3, 2015 Global outlook darkening with 65% chance of US recession LONDON: The outlook for the global economy next year is darkening, with a U.S. recession and China becoming the first major emerging market to slash interest rates to zero both potential scenarios, according to Citi. As the U.S. economy enters its seventh year […]

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Malaysia’s credit rating affirmed at A-, outlook generally stable

Malaysia’s credit rating affirmed at A-, outlook generally stable

Malaysian fiscal finances improving, supported by GST and fuel subsidy reform KUALA LUMPUR: Credit rating agency Fitch maintained Malaysia’s long-term foreign currency issuer default rating (IDR) at A- and local currency at A, with the outlook revised to stable from negative previously. Fitch said in a statement that Malaysia’s fiscal finances have improved and views […]

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Brazil's Petrobras says 32 firms banned from working with it

Brazil's Petrobras says 32 firms banned from working with it

RIO DE JANEIRO: Thirty-two companies are currently banned from doing work for Brazil’s state-run oil company Petroleo Brasileiro SA because of an ongoing corruption investigation, the oil firm’s head of governance João Elek said on Wednesday. He said Queiroz Galvão Óleo e Gás could now be allowed to work with Petrobras, as the oil company […]

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Key findings from PwC's TPPA analysis

Key findings from PwC's TPPA analysis

KUALA LUMPUR: The following are the key findings of Price Waterhouse Coopers’ final report titled “Study on Potential Economic Impact of TPPA on the Malaysian Economy and Selected Key Economic Sectors”. “TPPA presents net economic benefits to Malaysia, but there will be adjustment costs to firms from increased competition and cross-sectoral TPPA obligations” said PwC […]

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PwC: TPPA will boost GDP by RM450b, create up to 2 million jobs by 2027

PwC: TPPA will boost GDP by RM450b, create up to 2 million jobs by 2027

KUALA LUMPUR: The following are the key findings of Price Waterhouse Coopers’ final report titled “Study on Potential Economic Impact of TPPA on the Malaysian Economy and Selected Key Economic Sectors”. “TPPA presents net economic benefits to Malaysia, but there will be adjustment costs to firms from increased competition and cross-sectoral TPPA obligations” said PwC […]

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PwC: TPPA will boost GDP by RM450b, create up to 2 million jobs by 2027

PwC: TPPA will boost GDP by RM450b, create up to 2 million jobs by 2027

KUALA LUMPUR: The following are the key findings of Price Waterhouse Coopers’ final report titled “Study on Potential Economic Impact of TPPA on the Malaysian Economy and Selected Key Economic Sectors”. “TPPA presents net economic benefits to Malaysia, but there will be adjustment costs to firms from increased competition and cross-sectoral TPPA obligations” said PwC […]

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Export growth in 2016 affected by Chinese demand : Moody's

Export growth in 2016 affected by Chinese demand : Moody's

KUALA LUMPUR: Moody’s says a rebound in Chinese demand is not likely in 2016, and this will continue to dampen Malaysia’s export performance. Malaysia’s October trade surplus likely narrowed to RM9.5 billion from RM9.7 billion surplus in September. “This decline will be driven by the slowing of the Chinese economy, a major source of export […]

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