Latest
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Auto
Intelligent auto sector gains more momentum
BEIJING: China is vrooming to shape the future of intelligent connected vehicles, with creation of a new industry road map underway, and is aiming for greater advancements in autonomous driving, high-end supply chains and global cooperation, according to government officials, company executives and industry experts.
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Auto
Mixing hotpot with horsepower to juice sales
Paris: China’s electric vehicle (EV) makers have been known to push the envelope when it comes to dreaming up new functions to attract buyers.
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Banking
UBS bankers under pressure to rethink ESG labels
ZURICH: UBS Group AG is asking its bankers to rethink the way they discuss some sustainable products in public following advice from its lawyers, according to sources.
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Economy
Hauser: Encouraging market response to data
SYDNEY: The response of interest rate traders to Australia’s recent economic data suggests the Reserve Bank of Australia’s (RBA) policy reaction function is being understood, says deputy governor Andrew Hauser.
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Economy
More nations commit to carbon neutrality goals
Beijing: As of May, 151 countries have committed to carbon neutrality targets, with 120 of them enshrining their dedication through laws or policy documents, according to a recent report by Tsinghua University.
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Business
Teo Seng Capital to sustain robust earnings growth
PETALING JAYA: Teo Seng Capital Bhd is expected to sustain strong earnings through cost efficiencies and steady demand driven by population growth and tourism going forward.
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Banking
China banks slash lending rates to bolster economy
Beijing: China cut its benchmark lending rates after the central bank lowered interest rates at the end of September as part of a series of measures aimed at reviving economic growth and halting a housing market crash.
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Economy
Calls for reset in energy transition policies
SINGAPORE: Progress in the energy transition in Asia is far slower, much less equitable and more complicated than many have expected, according to the head of Saudi Aramco who is calling for a reset in policies for developing countries.
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Economy
Interest rate forecast to remain unchanged in Vietnam
HANOI: The State Bank of Vietnam (SBV) may find it difficult to reduce the policy interest rate in 2024 as it must consider many factors related to economic growth and inflation, say experts.
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Economy
Communication skills lacking among graduates
THE biggest frustration faced by employers when they interview prospective job applicants, especially fresh graduates, is the lack of competencies like communication, innovation and leadership skills.
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Property
Woodlands project is best performing
SINGAPORE: The Woodlands residential project Norwood Grand is selling 292 units, or 84% of its 348 units, over its launch weekend, at an average selling price of S$2,067 per sq ft.Almost all the home buyers, at 99.7%, are Singaporeans or permanent residents, project developer City Developments Ltd (CDL) said on Sunday.
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Banking
DBS CEO Gupta says only half of banks making enough tech progress
SINGAPORE: The head of Singapore’s biggest lender says only about half of companies in the banking industry have made sufficient progress in transforming their businesses to embrace digitalisation and artificial intelligence (AI).
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Business
Vietnam sees potential for medicinal herb ecotourism
HANOI: Experts have pointed out the significant untapped potential for combining cultivation of medicinal herbs with ecotourism in Vietnam, thanks to the country’s rich diversity of medicinal resources.
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Economy
McKinsey, BCG’s hard road to partner may be eased by Gulf boom
DUBAI: The famously difficult road to partnerships and promotions at some of the world’s largest consulting firms can run through the Middle East these days.
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Economy
Exporters have full orders for this year
HANOI: In contrast to a lack of export orders at this time last year, textile and footwear enterprises have so far received full orders until the end of this year – and some enterprises even have orders for the first quarter of next year.
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Economy
Reviving dead capital key to Indonesian prosperity
THE “emerald of the equator”, a popular tagline for Indonesia, conjures the vision a nation rich in natural beauty and abundant resources.
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Economy
Egypt’s IMF deal comes up against cost pressures
Cairo: Egypt’s president suggested its International Monetary Fund (IMF) programme might need to be reviewed if economic pressures place an intolerable burden on the country’s more than 106 million people.
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Markets
S&P 500 set to grind higher toward 6,000 mark
New York: This year’s furious rally in US stocks is poised to extend into the final stretch of 2024, even as the US presidential election looms as a major wild card, according to the latest Bloomberg Markets Live Pulse survey.
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Property
Budget nerves mute UK’s house prices in autumn
LONDON: Buyer “jitters” ahead of chancellor of the exchequer Rachel Reeves’ first budget this month are muting a typical autumn bounce in house prices, according to property website Rightmove.
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Economy
Reeves to boost UK health service funding
LONDON: UK chancellor of the exchequer Rachel Reeves will set aside billions of pounds for the National Health Service (NHS) in her budget next week as the institution kicks off an extensive programme of reform.