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Economy 03 Nov 2018 | 12:00 AM

New line-up and leaner structure at MoF

AMONG government ministries, easily, the Treasury has seen the most number of changes with a mixture of old and new blood being placed in crucial decision-making positions.

Economy 04 Jul 2016 | 6:44 AM

Political uncertainty to weigh on Australian economy

SYDNEY: Economists warned on Monday a hung parliament risks Australia’s coveted AAA credit rating with the inconclusive result of weekend elections seen as bad news for the economy and investment markets.

Analyst Reports 17 Jun 2016 | 3:15 AM

New property cooling measures in Australia

KUALA LUMPUR: The cooling measures announced in several states in Australia to curb speculation by foreign property buyers is expected to dampen buyers’ sentiment in the short term.

Business 04 Jan 2014 | 8:13 PM

Boeing machinists approve contract securing 777X jet

SEATTLE/NEW YORK: Boeing's machinists on Friday narrowly approved a crucial labor contract that secured thousands of jobs and billions of dollars of economic activity for Washington state but will cost workers their pensions.

Business 01 Nov 2013 | 9:53 AM

Double whammy for buyers

THE recent budget dropped a double whammy for property buyers — an increase in real property gains tax (RPGT), ranging from 30% to 15% within five years, and the prohibition of Developer Interest Bearing Schemes (DIBS) where developers pay for interest on buyers’ loans during construction.