Banking industry
As Europe grapples with its ongoing debt crisis, experts are warning that the situation is far from being resolved. Royal Bank of Scotland economist Silvio Peruzzo joins Bloomberg Surveillance to discuss the latest developments, including the recent Moody's downgrade of Portugal and the prospects of private sector involvement
Banking industry
The Philippines' economy is experiencing a boost from positive ratings actions from international agencies, driven by the government's efforts to improve revenue collection and strengthen its fiscal position. The upgrades are expected to attract more foreign investments to the country, which is facing a weak recovery in
Banking industry
Tom Porcelli, Chief U.S. Economist at RBC Capital Markets, joined Tom Keene on Bloomberg Surveillance to discuss the state of corporate cash flows and their impact on the economy. Porcelli emphasized that rather than harming the economy, corporate cash reserves are a sign of caution in an uncertain environment.
Banking industry
Masayoshi Son, chairman of Softbank Corp. and Japan's wealthiest person, has announced a 30-year plan to invest in and support the growth of Internet venture firms in South Korea, Japan, and China. This initiative, dubbed "Oriental Express," aims to help companies from these countries launch businesses
Prime ministers
The upcoming launch of the Malaysian Creativity and Innovation Year 2010 has sparked discussions about the country's need for innovation, particularly among the younger generation. According to Professor Dr Mohamed Shariff Mohamed Din, director of Universiti Putra Malaysia's (UPM) Innovation and Commercialisation Centre, the initiative is
Prime ministers
As Malaysian Prime Minister Najib Tun Razak embarks on his visit to India, relations between the two countries are poised for improvement. For over two decades, India has been overlooked by Malaysia, which has been focused on its "Look East" policy. However, India's economy has undergone
Prime ministers
Former Malaysian Prime Minister Dr. Mahathir Mohamad has emphasized the importance of developing countries maintaining a healthy savings regime to protect their economies from global shocks. Dr. Mahathir noted that a high savings rate enables countries to finance their economic development and recovery without relying on external forces, which can
Prime ministers
The Prime Minister's Economic Advisory Council (EAC) expects industrial output to grow at a double-digit pace through the remainder of 2009-10, with a projected 8.5% growth in the index of industrial production (IIP) for the year. This outlook comes just ahead of the Reserve Bank of India&
Prime ministers
Bangladesh's Prime Minister, Sheikh Hasina, has invited foreign investors to consider investing in the country in various sectors, including banking, energy, infrastructure, agriculture, and agro-based industries. At a business meet, referred to as the Investment Summit Bangladesh 2009, Sheikh Hasina emphasized that Bangladesh offers immense opportunities for new
Prime ministers
In a poignant address to the 64th United Nations General Assembly, Prime Minister Abhisit Vejjajiva stressed the need for multilateral cooperation to address the world's most pressing issues, including plague, poverty, terrorism, and oil supply crises. Thailand, as a major agricultural country, is willing to assist in solving
Prime ministers
Malaysia's Prime Minister Najib Razak has announced a significant partnership between the Abu Dhabi government and a new Malaysian sovereign wealth fund, 1Malaysia Development Berhad (1MDB), aimed at investing $1 billion in the energy, real estate, and hospitality sectors. This investment aligns with Najib's efforts to
Prime ministers
Malaysian Prime Minister Najib Tun Razak and his wife, Rosmah Mansor, departed from Saudi Arabia on Monday, marking the end of a five-day working visit. The visit, originally scheduled for four days, was extended to accommodate Najib's new schedule. During his stay, Najib met with King Abdullah Abdulaziz
