Saturday , August 17 2019

Thailand unveils $10b stimulus package to ease trade war pain

Bloomberg Thailand plans a 316-billion-baht ($10.2 billion) package of government spending and loans to counter an economic slowdown caused by the US-China trade war and currency strength. The package includes help for farmers and people on low incomes, as well as initiatives to bolster consumer spending and investment, Finance Minister ...

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Private funding needed for Asia infra: Singapore

Bloomberg Governments in Asia are seeking to tap private investment for the region’s substantial infrastructure needs as the current rate of public financing is “insufficient and unsustainable,” said Indranee Rajah, Singapore’s second minister for finance and education. Globally, government financing accounts for 40% of infrastructure expenditure, and 70% in emerging ...

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Hiring in Australia soars as new jobs defy forecast

Bloomberg Australia’s labour market surged in July, adding almost three times the forecast number of jobs, while unemployment remained stuck at 5.2% as the workforce swelled to a fresh record. The economy added 41,100 roles from the previous month, with more than three-quarters of them full-time, the statistics bureau said ...

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