April, 2017

 

Libya oil output rebounds as Sharara, Feel fields restarted

CAIRO, April 30 — Libya’s crude production rebounded to more than 700,000 barrels a day as the OPEC member’s biggest oil field and another deposit in its western region resumed pumping after a halt. The Sharara field is currently producing…


May promises no increase in UK’s VAT, hints at other tax rises

LONDON, April 30 — UK Prime Minister Theresa May pledged there will be no increase in Value Added Tax after the June 8 general election, but suggested she will ditch her Conservative Party’s promise not to raise other taxes when it publishes…


IMF mission starts talks in Egypt amid interest rates debate

DUBAI, April 30 — An International Monetary Fund team will start its first review of Egypt’s US$12 billion (approx. RM52.1 billion) loan accord today, with the debate on how best to curb inflation likely to take centre stage. The IMF…


UK’s May plans tougher take-over rules to protect pensions

LONDON, April 30 — Prime Minister Theresa May is set to impose new restrictions on company take-overs in the UK as part of a plan to protect workers’ pensions from “unscrupulous” bosses. If re-elected in June, May’s Conservatives will…


China says factory activity expands at slower pace in April

BEIJING, April 30 — China’s factory activity continued to expand in April, albeit at a slower-than-expected pace, official data showed today, adding to signs of stabilisation in the world’s second largest economy. The purchasing…


US economy softens but Fed likely to stay the course

WASHINGTON, April 30 — Since the Federal Reserve upped its benchmark interest rates by a notch in mid-March, the skies have grown a shade darker for the world’s largest economy. The softening outlook may have sapped some of the justification…


Trump cuts spark fears of global tax war

PARIS, April 30 — Donald Trump’s plans to slash corporate taxes in the United States have sparked concerns of a new global fiscal race to the bottom, possibly involving a wave of negative social consequences, experts say. In what Trump’s…


China targets debt risks, but does it mean business?

SHANGHAI, April 30 — China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities really mean business this…



Construction draws interest from private investors in Malaysia

High levels of private sector investment are expected to drive growth in Malaysia’s construction industry this year, with investors seeking opportunities in the regions of Johor, Sabah and Sarawak. The Construction Industry Development Board (CIDB) recently forecast growth of 8 per cent for the construction sector on the back of 7.4 per cent expansion last […]