RSSCategory: News

Britain says VW owners will not face higher car tax

Britain says VW owners will not face higher car tax

LONDON: British owners of Volkswagen cars fitted with software to rig emissions tests will not face a higher annual vehicle tax, the government said on Friday. In Britain, vehicle tax is linked to carbon dioxide emissions. “The government expects VW to support owners of these vehicles already purchased in the UK and we are playing […]

October 2, 2015 | By | Reply More
Gauge of US investment plans down more than initially thought

Gauge of US investment plans down more than initially thought

WASHINGTON,: A gauge of U.S. investment plans slipped more in August than initially estimated, giving a cautionary sign for the economic outlook. New orders for non-military capital goods outside of aviation fell 0.8 percent in August, the Commerce Department said on Friday. The government had previously reported that this gauge, which is a leading indicator […]

October 2, 2015 | By | Reply More
Wall St. tumbles after disappointing jobs data

Wall St. tumbles after disappointing jobs data

REUTERS: Wall Street opened sharply lower on Friday after data showed a less-than-expected rise in nonfarm payrolls in September, raising doubts that the economy is strong enough to allow the Federal Reserve to raise interest rates this year. The three major indexes were down more than 1.5 percent. U.S. employers added 142,000 jobs, compared with […]

October 2, 2015 | By | Reply More
Lousy jobs numbers suggests the Fed was right not to hike rates

Lousy jobs numbers suggests the Fed was right not to hike rates

THE world was on tenterhooks on September 17th, when it appeared the Fed might just be about to raise interest rates in America, for the first time in more than nine years. Although monetary-policy hawks feared that the world’s largest economy was starting to overheat, doves pointed to low inflation, and to building financial stress in emerging […]

October 2, 2015 | By | Reply More
US job growth fades in September; jobless rate at 5.1%

US job growth fades in September; jobless rate at 5.1%

WASHINGTON: The United States added far fewer jobs than expected in September and hiring was weaker in the prior two months, the Labor Department said on Friday (Oct 2), pointing to a slowing economy. The poor report gave a more downbeat picture of the labour market as the Federal Reserve considers its first interest rate […]

October 2, 2015 | By | Reply More
Govt wants to help startups develop in a sustainable way: Heng Swee Keat

Govt wants to help startups develop in a sustainable way: Heng Swee Keat

SINGAPORE: Startups play an important role in Singapore’s future economic structure and the Government wants to help them develop in a sustainable way, said Finance Minister Heng Swee Keat, speaking on the sidelines of a tour of JTC LaunchPad @ one-north on Friday (Oct 2). On the first day at his new role, Mr Heng […]

October 2, 2015 | By | Reply More
Services sector in Myanmar has room to grow

Services sector in Myanmar has room to grow

YANGON: The services sector in Myanmar still has room to grow, and Malaysian companies should take advantage of the opportunity to gain a foothold in the country. Malaysia External Trade Development Corporation (Matrade) international partnership division director Amran Yem said the services sector in Myanmar now represents 38 per cent of the country’s gross domestic […]

October 2, 2015 | By | Reply More
Air France plans to cut 2,900 jobs: Union source

Air France plans to cut 2,900 jobs: Union source

PARIS: Air France plans to cut 2,900 jobs after the failure of talks with pilots to boost productivity, a union source told Reuters on Friday. The figure was announced by the head of Air France at a board meeting this morning, the source said. Some 300 job cuts would involve pilots, 700 stewards and hostesses […]

October 2, 2015 | By | Reply More
New law to boost SMEs in Africa

New law to boost SMEs in Africa

Côte d’Ivoire, Oct 2: With support from the World Bank Group, 17 African countries, members of the Organisation for the Harmonisation of Business Law in Africa (OHADA), have adopted a Uniform Insolvency Act in Côte d’Ivoire.   This new law replaces the previous 1998 law which was widely believed to be lacking key features of […]

October 2, 2015 | By | Reply More
Malaysian franchise industry making inroads in Myanmar

Malaysian franchise industry making inroads in Myanmar

YANGON: Malaysia’s franchise industry has secured a strong foothold in the emerging Myanmar market, particularly in the food and beverage (F&B) sector. Among the franchise brands that have made inroads into the country include Kentucky Fried Chicken, Marry Brown, Manhattan Fish Market and Secret Recipe. Malaysian Franchise Association (MFA) committee member Christopher Tay said the […]

October 2, 2015 | By | Reply More