• Sun, December 1, 2024

by: Bill Williamson

Cenbank extends usance term for capital machinery imports

by: Bill Williamson

Joe Biden begins long-awaited Africa trip to secure win against China

At stake are vast supplies of minerals like copper and cobalt, which are found in Congo and are a key component of batteries and other electronics, and China is the top player in Congo as of now

by: Bill Williamson

KKR Real Estate Finance: Look For Further Yield Compression On The Preferreds

KKR Real Estate Finance's Series A Preferreds offer an 8% yield. Learn more about KREF stock and its preferred stock, KREF.PR.A.

by: Bill Williamson

Budget 2025: S'poreans can share their views from Dec 2 to Jan 12

The Government's feedback unit Reach - which facilitates whole-of-government efforts to engage and connect with Singaporeans on national and social issues - will also be organising a physical Listening Point on Jan 9, 2025, from 11.30am to 2pm, at One Raffles Place to gather public feedback.

by: Bill Williamson

Hasina's allies have properties worth Tk 6,000cr in UK

A joint investigation by British newspaper The Observer and Berlin-based anti-corruption organisation Transparency International has revealed that close associates of ousted prime minister Sheikh Hasina,

by: Bill Williamson

Bank lands in hot water over apparently hypocritical business practices: 'It's indefensible'

Despite warnings from the International Energy Agency, banks including NatWest continue to finance harmful developments. Bank lands in hot water over apparently hypocritical business practices: 'It's indefensible' first appeared on The Cool Down.

by: Bill Williamson

XRP Tops $100B Market Cap, Reaches 2018 Levels, as Ripple's RLUSD Close to Approval

by: Bill Williamson

Budget 2025: Singaporeans can share their views from Dec 2 to Jan 12

The Government's feedback unit Reach, which facilitates whole-of-government efforts to engage and connect with Singaporeans on national and social issues, will also be organising a physical Listening Point on Jan 9, 2025, from 11.30am to 2pm at One Raffles Place, to gather public feedback.

by: Bill Williamson

Profit From The Past: Lessons from history for investing in cyclical stocks

Investors who have direct exposure to capital goods companies, or through sectoral / thematic mutual funds, should be aware of the cyclical nature of the sector

by: Bill Williamson

Trump names two of his in-laws, one Jewish and one Arab, to key diplomatic roles

Charles Kushner, a convicted felon who received a pardon from Trump at the end of his first term, is likely to play a pivotal role in engaging with the French government. France is a key partner in enforcing the ceasefire in Lebanon and a vital ally in countering Iran's nuclear ambitions.

by: Bill Williamson

Over a year on, how is Capital Brief going?

Capital Brief was once described as 'if the AFR was written for people without grey hairs'. Is that a sustainable business model, one year on?

by: Bill Williamson

Tencent-backed WeDoctor revives Hong Kong IPO plan, sources say

by: Bill Williamson

Major Adani investor GQG shares fall 13% after analyst downgrade

Shares of Australian-listed GQG Partners fell 13% on Monday after UBS analysts downgraded the stock and estimated the firm could have lost A$600 million ($390 million) in funds under management following the Adani Group indictment.

by: Bill Williamson

Australia news LIVE: House values tumble as economy struggles; Michael Rowland leaves ABC News Breakfast

Australian businesswoman Robyn Denholm, who succeeded Elon Musk as chair of Tesla in 2018, has been appointed to lead a review of Australia's research and development. Industry and Science Minister Ed Husic joined ABC's RN Breakfast to discuss the appointment, where he denied that building a relationship with Musk was a factor in choosing Denholm.

by: Bill Williamson

Anthony Albanese reveals the alarming reason why Aussies are poorer in 2024

Prime Minister Albanese has cited the timing of inflationary pressures as the reasons Aussies are poorer than their counterparts around the world.

by: Bill Williamson

HSBC starts search for next chairman: report

HSBC's board has appointed headhunters to start the recruitment of its next chairman, Sky News reported on Saturday (Nov 30), with incumbent Mark Tucker due to stand down by 2026. Read more at The Business Times.

by: Bill Williamson

Trump taps billionaire family member Massad Boulos for senior presidential adviser on Arab affairs role

Donald Trump is once again relying on family to run the country, announcing Sunday that Tiffany's father-in-law Massad Boulos will be a senior advisor on the Middle East.

by: Bill Williamson

ABIR To Sponsor Free Insurance Course

The Association of Bermuda Insurers and Reinsurers [ABIR] will sponsor a free foundational course for the fifth consecutive year, providing Bermudian students and the public with free access to education about Bermuda's re/insurance industry.

by: Bill Williamson

Integrating ESG into risk management

by: Bill Williamson

How do we spend less but still travel well?

Two avid travellers reveal their top hacks, where to sit on the plane and how to cut the budget while having fun. Read more at straitstimes.com.

by: Bill Williamson

COP29 shows South-east Asia's energy transition needs private finance; effective policies will catalyse that

WHAT can you do with US$300 billion? For South-east Asian nations trying to fund the construction of solar plants or wind farms, the answer is: not that much. The recent conclusion of the COP29 climate talks tells us that the region cannot wait for developed nations to raise that bar.

by: Bill Williamson

Asean governments face risk of fiscal strain from climate change without policies to attract private capital

WITH the United Nations' climate talks failing to secure the US$1 trillion climate finance target needed for developing countries to cut their emissions and cope with natural disasters, emerging markets in South-east Asia are now under greater pressure to develop the right policy framework to catalyse private capital into climate-focused investments.

by: Bill Williamson

Your money, the economy, taxes might change in 2025: Experts offer predictions

He assigns a 50% probability that the stock market could gain ground in 2025 despite what happens with tariffs, a 25% probability that stocks could surge for other reasons such as artificial-intelligence optimism, a 15% probability of a downside tariff shock and a 10% chance that stocks could fall sharply but mainly for other reasons.

by: Bill Williamson

African Bank has public servants in its sights

African Bank is targeting middle to high-income public servants for home loans and vehicle finance in line with its strategic shift towards lending offerings that go beyond traditional unsecured personal loans.

by: Bill Williamson

Live updates: ASX primed for new record after Wall Street rally rolls on, key retail sales, construction and Chinese data due this morning

The ASX is primed for a 0.2 per cent rise this morning after another record close on Wall Street, but the markets will be watching this morning's releases of key retail and building data. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

by: Bill Williamson

UBS capital requirements should be proportionate, minister says

Capital requirements set for UBS under new banking regulations should be "proportionate", as Switzerland attempts to strike a balance between financial sector competitiveness and protecting taxpayers,

by: Bill Williamson

Stock Radar: Maruti Suzuki, Hyundai Motor, Escorts, Cipla, Home First Finance, Aster DM, DLF, Greaves Cotton in focus on Monday

Stocks like Tata Motors, Eicher Motors, TVS Motor Company, Biocon, Cochin Shipyard, KEC International, RBL Bank, Bajaj Finance, GP Petroleums, Lemon Tree Hotels, Bharat Petroleum Corporation, and ONGC will also be in focus on December 2.

by: Bill Williamson

Arror, Kimarwer dams back in Adani-type deal

The listing of the dams under PPP projects signals that Kenya is losing interest in funding the multi-billion shilling projects using loans amid concerns about the commercial viability of the dams.

by: Bill Williamson

Women face higher NCD risks

It also reveals that 18.3 percent of women also get too little physical activity, compared to 11.3 percent of men. The report states that this is causing health problems, including diabetes, high blood pressure, and complications during pregnancy.

by: Bill Williamson

How a cousin's disability inspired a drive for inclusive housing

by: Bill Williamson

After losing her job, a boomer is 'walking a tightrope' between retiring early and searching for work

Andrea, 64, was laid of from her corporate job. If she takes Social Security too early, she's worried about draining her savings.

by: Bill Williamson

The hidden side of business school rankings

Rankings have become a powerful tool for both schools and students, growing in number and influence. However, this has sparked a performance-driven competition that sometimes compromises teaching quality and ethics.

by: Bill Williamson

Diversifying exports: Non-RMG sectors face 11 challenges

by: Bill Williamson

Whitcomb: Carson and Rest of Us Actors; Hospitals Into Housing; Witch Doctor; Canadian Fish Story

How the Jews Conquered Christmas (ask Philip Roth) Share Watch on

by: Bill Williamson

How China will strike back at Trump

Over the past year China has rejected claims it is exporting batteries and solar products at artificially low prices. Cuts to rebates are the first time officials seem to have taken action to lessen the force of such accusations,

by: Bill Williamson

Stock market's record run sets stage for December gains, pros say

The market's record year may have more room to run, with sentiment buoyed by recent outperformance and historical trends.

by: Bill Williamson

Silver is the new gold for asset investment platform Goldie

New Zealand gold investment platform Goldie is expanding into new materials and assets as it builds on a strong first year in business. Launched in November last year, the platform allows investors to purchase fractions of shares of physical assets.

by: Bill Williamson

UN climate summit in Baku leaves the developing world with crumbs

Unusually for a UN climate summit, COP29 was mainly about climate finance, and yet the finance mandarins were missing

by: Bill Williamson

GDP Growth 2024: Six Largest Sectors of the Nigerian Economy

The National Bureau of Statistics (NBS) has released its latest Gross Domestic Product (GDP) report and provided insight on the sectors performing.

by: Bill Williamson

Former Carlisle United frontman announces retirement

by: Bill Williamson

JPMorgan Rejects Transition-Finance Trend Gripping Wall Street

Rather than design a transition-finance framework, JPMorgan has built what it calls a Center for Carbon Transition. The goal, according to Wall Street's largest bank, is to provide clients with "the insights and firm-wide expertise needed to navigate the challenges of transitioning to a low-carbon future."

by: Bill Williamson

Govt plans to curb operating expenditures amid economic challenges

  • Mon, December 2, 2024

by: Bill Williamson

Sales of homes above Rs 4 cr surge 38%, driven by Delhi-NCR and Mumbai

by: Bill Williamson

ASB cuts fixed mortgage rates, and term deposit rates, signaling a final December push for precious housing sale transactions

ASB cuts fixed mortgage rates, and term deposit rates, signaling a final December push for precious housing sale transactions

by: Bill Williamson

Post-COVID life and China's tough economy pushes a 95-year-old jewelry brand to embrace 'wearability' and a more casual consumer

Everyone is a lot more casual. You have a lot fewer galas and things to go to," said Nicholas Lieou, Chow Tai Fook's design lead for high jewelry.

by: Bill Williamson

RBL Bank shares sink as partnership on co-branded credit cards with Bajaj Finance ends

by: Bill Williamson

Finance capital increases its domination of healthcare

Private equity firms are spearheading an avalanche of mergers and consolidations as hospitals and healthcare systems align to cut costs, increase market share and maximize revenue streams at the expense of healthcare workers and patients.

by: Bill Williamson

Singapore cenbank fines JPMorgan $1.8 mln over misconduct by relationship managers

Singapore's central bank said on Monday it fined U.S. lender JPMorgan Chase S$2.4 million ($1.79 million) for failing to prevent and detect misconduct committed by its relationship managers.

Govt plans to curb operating expenditures amid economic challenges

The operating expenditures are projected to account for 58.7% of public expenditure in the 2025-26 fiscal year and 58.4% in 2026-27
The Bangladeshi government is planning to reduce its operating expenditures in response to ongoing economic challenges, as reported by TBS News. This decision comes in the wake of a significant increase in public expenditure, particularly in subsidies and social safety nets, which have strained the national budget. The government aims to cut down on non-essential spending to manage the fiscal deficit better, especially as the country faces issues like inflation, currency depreciation, and dwindling foreign reserves. Key areas targeted for reduction include travel allowances, fuel allocations for government vehicles, and unnecessary office expenses. This strategy is part of a broader economic stabilization plan to ensure sustainable development and fiscal responsibility amidst global economic turbulence.

Read the Full tbsnews Article at:
https://www.tbsnews.net/economy/govt-plans-curb-operating-expenditures-amid-economic-challenges-1007151