Thursday, September 5th, 2019

 

Thailand seeks US$251m for palace budget, a 13pc hike

BANGKOK, Sept 5 — Thailand plans to allocate more than US$251 million for monarchy “security” in the 2020 budget, a hike of more than 13 per cent year-on-year, according to figures confirmed by a government spokesperson today. The proposal,…


EU fears UK is rowing back on Irish border and ‘level playing field’, say sources

BRUSSELS, Sept 5 — The European Union is increasingly worried about British Prime Minister Boris Johnson’s stance on the Irish border and future competition rules, sources said today. Johnson is pushing for a parliamentary election after the…


US services sector growth accelerates; private payrolls jump

WASHINGTON, Sept 5 — US services sector activity accelerated in August and private employers boosted hiring, suggesting the economy continued to grow at a moderate pace despite trade tensions which have stoked financial market fears of a…


Indian court approves JSW Steel’s takeover of bankrupt Bhushan Power

MUMBAI, Sept 5 — An Indian court today cleared JSW Steel Ltd’s takeover plan for debt-ridden Bhushan Power and Steel, bringing an end to a bankruptcy case that has dragged on over two years. The move paves the way for JSW Steel, which has the…


Global renewables investment to triple this decade, says UN

LONDON, Sept 5 — Global investment in new capacity for renewable energy is on course to reach US$2.6 trillion by the end of this decade, more than triple the amount of the previous decade, a report commissioned by the UN Environment Programme…


Pound posts biggest two-day surge in 10 months as no-deal Brexit fears fade

LONDON, Sept 5 — The pound surged to a five-week high today after lawmakers voted to prevent Prime Minister Boris Johnson taking Britain out of the EU on Oct. 31 without a transition agreement and his brother Jo quit the government, citing the…


US stocks jump on China trade talks announcement

NEW YORK, Sept 5 — Wall Street stocks jumped early today on news that the United States and China would resume high-level trade talks in October, mitigating fears of further escalation in the trade war. The gains also came after data showed…


Sabah aims to become Rotterdam of the East with maiden docking of container ship

LAHAD DATU, Sep 5 — The maiden docking of container vessel 17224 DWT MV Danum 172 at the purpose-built Palm Oil Industrial Cluster (POIC) Container Terminal here today has raised Sabah’s hope of becoming the Rotterdam of the East Deputy Chief…


GLCs urged to give stronger support to SMEs

SUNGAI PETANI, Sept 5 — Government-linked companies are urged to give stronger support to the small and medium enterprises (SMEs) rather than relying on imported products to fulfil their needs. Deputy Finance Minister Datuk Wira Ir Amiruddin…


EasyJet ready to respond to any demand impact from Brexit, says CEO

LONDON, Sept 5 — British budget airline easyJet will adjust its fleet and switch volumes to react to any changes in demand if the British economy is impacted by a possible no-deal Brexit, Chief Executive Johan Lundgren said today. Prime Minister…