Saturday, May 15, 2021
In early 2021, the U.S. government rolled out another massive round of economic stimulus aimed at offsetting the damage done by the Covid-19 pandemic. There's a potential side effect that some investors and economists fear could actually hurt the economy even more: inflation. Inflation is the rise in cost of goods...
Lumber prices soared above $1600 for the first time in history this week. The rise comes amid falling supply and increased demand for new homes and renovations. Lumber-related stocks are soaring in response and the average price of a new single-family home has jumped by $35,872. Lumber prices topped $1,600...
The legend goes that Masayoshi Son wanted to fund the future's ideas, so he created a $30 Billion Dollars fund. That's right, $30 Billion Dollars! But just before he met with potential investors, he fiddled with the slides and changed the amount. The fund wouldn't be $30 Billion Dollars. It...
Brief: U.S. and global buyers view Vietnam and India as alternative sourcing locations to China, according to a recent Q2 Barometer report by Qima, a provider of supply chain compliance solutions. Respondents listed both countries among their top three "buying geographies." Roughly a third of global buyers and 38% of...
Google’s digital advertising network has shifted back into high gear, with its corporate parent reporting profit that more than doubled after an unprecedented setback during the early stages of the pandemic. The robust first-quarter advertising growth announced Tuesday provides the latest sign that advertisers are expecting the economy to roar...
Hong Kong and Singapore have announced a start to their highly anticipated two-way air travel bubble. Flights under the agreement – which allows people to travel quarantine free between the financial hubs – will begin from May 26. The number of flights will be increased by June 26 if there...
China’s economy continued to boom in April from the record growth in the first quarter, with strong exports and rising business confidence supporting the recovery. That’s the outlook of an aggregate index combining eight early indicators tracked by Bloomberg, which remained unchanged from March in strong expansionary territory. Some of...
Japanese Economy Minister Yasuhisa Nishimura crossed wires, via Kyodo News, while boosting chatters over the return of the coronavirus-led emergency in the Asian major economy. ''The Japanese government plans to put Tokyo and three western prefectures of Osaka, Kyoto and Hyogo under a state of emergency from Saturday to May...
As COVID-19 vaccine roll-outs boost recovery hopes at home and abroad, businesses see improving prospects for Hong Kong and other cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Their stronger performance showed up in the GBA Business Confidence Index (GBAI), based on quarterly surveys of more than 1,000 companies...
Aid workers and activists are warning Myanmar’s political upheavals risk causing a regional refugee crisis as the strife following a February coup displaces growing numbers of people who have lost their livelihoods. Tom Andrews, the UN special rapporteur for Myanmar, said violence has left nearly 250,000 people displaced. As Myanmar’s...
70 percent of businesses in Malaysia plan to make COVID-19 vaccinations mandatory for their staff, a new survey has found. HR tech firm Employment Hero conducted a survey of more than 1000 Malaysian employers examining the impact of COVID-19 on business owners and employees. Of all the countries surveyed on the...
Said to be one of the most significant endeavors that Microsoft has embarked on in Malaysia since establishing its operation here in 1992, the company today has unveiled its new Bersama Malaysia initiative. Involving an investment of USD 1 billion (RM 4.1 billion) over the next 5 years, the initiative will also include...

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