Sunday, April 23rd, 2017


Draghi seen choosing faster QE exit if French hurdle cleared

FRANKFURT, April 23 — Mario Draghi may be willing to take a faster route to monetary-policy normalisation than economists previously thought. While no changes to interest rates or asset purchases are expected at Thursday’s meeting, most…

Global stocks on the defense

The combination of depressed oil prices and a sense of anxiety ahead of the French presidential elections this weekend has left investors edgy and stock markets on the defense, ForexTime Ltd (FXTM) research analyst Lukman Otunuga noted. He said although Asian shares have displayed a touch of resilience during early trading late last week, the upside could be limited if participants start to depart from riskier assets amid the uncertainty. “European markets are expected to open slightly pressured as investors observe from a safe distance; this sense of caution couldRead More

HK’s Chow Tai Fook wins Aussie approval for Alinta takeover

SYDNEY, April 23 ― Chow Tai Fook Enterprises Ltd., the Hong Kong conglomerate best known for its jewelry stores, has won Australian regulatory approval to acquire gas and electricity provider Alinta Energy Holdings Ltd. The deal has been…

Japan’s Aso pushes back on US call for scrutiny of currency moves

WASHINGTON, April 23 ― Japanese Finance Minister Taro Aso said yesterday trade imbalances cannot be fixed through exchange-rate adjustments alone, pushing back against Washington’s calls to have more rigorous IMF scrutiny of currency moves….

BTI Consultants collaborates with CPI for local market expertise

Anthony Raja Devadoss Managing Director and Vice President of BTI Consultants Asia Pacific

Leadership consulting firm BTI Consultants has inked a regional partnership with Career Partners International (CPI), the largest global outplacement consultancies providing top talent management services. BTI, via this partnership, has been appointed CPI’s local market expert in several key locations across Asia including Malaysia, Indonesia, India and South Korea. BTI specialises in board and executive search, talent management and leadership development. Further, BTI will draw on CPI’s career transition and executive coaching programmes combining its local expertise to offer value-added talent and leadership management services across the Asia Pacific region.Read More

Saudi king restores state employee bonuses

RIYADH, April 23 ― Saudi Arabia’s King Salman issued a royal decree yesterday restoring financial allowances for civil servants and military personnel that had been cut under austerity measures. “The royal order returns all allowances,…

Bank Indonesia says there is room to ease, but watching US Fed

WASHINGTON, April 23 ― The pace of Federal Reserve interest rate hikes will be a key factor for whether or not Indonesia’s central bank adjusts policy over coming months, deputy governor Perry Warjiyo said. “Our communication is clear and…

IMF warns against protectionism, but strikes word from statement

WASHINGTON, April 23 ― With fears rising that the Trump administration will follow through on its threats to raise trade barriers, world finance ministers are united on one message: protectionism threatens the global economy. Except that the…

Trump believes in ‘reciprocal’ free trade, treasury chief says

WASHINGTON, April 23 ― The United States, which is considering new protectionist policies, believes in “free and fair” trade, US Treasury Secretary Steven Mnuchin said yesterday. “President Trump’s agenda is to make sure that we have…

Roadblocks in adopting IBS in Sarawak

KUCHING: Pre-fabricated construction – more commonly known as Industrialised Building System (IBS) in Malaysia – is a lesser-known method of construction in Sarawak whereby components are assembled off-site rather than on-site in more traditional construction methods. This method is used worldwide as it has proven itself to be effective in increasing cost and resource efficiencies […]