Tue12062016

LAST_UPDATETue, 06 Dec 2016 5pm

Budget 2017 To Support Growth Amid Slower Fiscal Consolidation: RAM Ratings

LAI: To achieve its long-term fiscal balance target by 2020, the government would need to be more aggressive in its expenditure reduction or explore other revenue sources that had not been considered before. - www.rehdainstitute.comKUALA LUMPUR: RAM Ratings expects Budget 2017 to remain supportive due to the weak external environment and slower gross domestic product (GDP) growth of 4.2 percent as compared with 5.0 percent in 2015.

Read more: Budget 2017 To Support Growth Amid Slower Fiscal Consolidation: RAM Ratings

MITI Submits Proposals To Strengthen Economy In Budget 2017

MUSTAPA: MITI wants to do more to increase investments as well as support trading activities, especially among small and medium enterprisesKUALA LUMPUR: The Ministry of International Trade and Industry (MITI) has submitted proposals to the government for consideration in Budget 2017.

Read more: MITI Submits Proposals To Strengthen Economy In Budget 2017

Britain Looks At Paying Into EU Budget After Brexit To Get Market Access - FT

Pic: ReutersBritain might continue to pay billions of pounds into the European Union's budget after Brexit to maintain single-market access for the City of London and other sectors under plans being discussed by government, the Financial Times reported.

Read more: Britain Looks At Paying Into EU Budget After Brexit To Get Market Access - FT

Bank Of Japan Keeps Upbeat Economic View, Some Regions See Spending Slow

Pic: ReutersTOKYO: The Bank of Japan maintained its optimistic economic view on most of the country's nine regions in a quarterly report out on Monday, signaling its confidence a tightening job market will gradually push up wages and underpin a steady economic recovery.

Read more: Bank Of Japan Keeps Upbeat Economic View, Some Regions See Spending Slow

Chinese Official Who Hoarded Cash Convicted Of Corruption

BEIJING: A former senior Chinese energy official found to have more than 200 million yuan ($29.99 million) in cash at his home has been given a suspended death penalty after being found guilty of corruption, state news agency Xinhua said on Monday.

Read more: Chinese Official Who Hoarded Cash Convicted Of Corruption

Dollar Hits Seven-Month High After Upbeat U.S. Data, Rise In Yields

TOKYO: The dollar inched up to a seven-month high against a basket of currencies on Monday, retaining momentum from upbeat U.S. data last week that reinforced expectations of a December interest rate hike by the Federal Reserve.

Read more: Dollar Hits Seven-Month High After Upbeat U.S. Data, Rise In Yields

PepsiCo Sets Global Target For Sugar Reduction

LONDON: PepsiCo Inc has set a target for reducing the amount of sugar in its soft drinks around the world as part of a suite of goals aimed at tackling problems ranging from obesity to climate change.

Read more: PepsiCo Sets Global Target For Sugar Reduction

Airbus To Overtake Boeing On Aircraft Output Rates By 2020: CEO Tells Paper

Pic: ReutersEuropean aircraft maker Airbus aims to overtake arch rival Boeing in terms of annual plane deliveries by 2020, having fallen behind in recent years, Chief Executive Fabrice Bregier said in a German newspaper interview published on Monday.

Read more: Airbus To Overtake Boeing On Aircraft Output Rates By 2020: CEO Tells Paper

Watchdog Says About 15 Swiss Banks In Money Laundering ‘Red Zone’

GENEVA: Roughly 15 Swiss banks are in a “red zone” of lenders particularly exposed to money laundering risks, the head of Swiss banking watchdog FINMA said in a newspaper interview published on Sunday.

Read more: Watchdog Says About 15 Swiss Banks In Money Laundering ‘Red Zone’

Deal With Rosneft Is U.S. Sanctions-Compliant, Says Essar Group CEO

Pic: Reuters

The $12.9 billion sale of India's Essar Oil to a group led by Russia's Rosneft (ROSN.MM) does not run foul of U.S. sanctions imposed against the majority state-owned Russian energy firm, parent Essar Group's CEO said on Sunday.

Read more: Deal With Rosneft Is U.S. Sanctions-Compliant, Says Essar Group CEO