World Economic Outlook, May 1995: Global Saving: A Survey by the Staff of the International Monetar
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China close to becoming the world's largest aviation market. Fonterra looks close to home for revival.
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Australian Energy Market Commission wants grid for renewables. CEOs pocket millions per year while workers' wages stagnate.
Global economy must be ready for downturn, says new IMF boss. Afterpay defends disclosure as ASX queries share price spike. Ryanair urge UK pilots to transfer overseas or face job losses. Meet two former Atlassian employees striking out on their own. Aussie businesses share what they're doing to fight climate change. WeWork's new CEOs want to sell three of its businesses. Thomas Cook directors could have bonuses seized. Customers say blinds icon pulling shutters down on them. Australia 'naive' to rely on US, after Morrison's comments on trade.
Wesfarmers chairman swings back at government over role of business. Impeachment inquiry into Trump rattled global markets.
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Guzman y Gomez has launched a clean menu, free of additives. JPMorgan Australia named as prosecution witnesses in bank cartel case. NZ stops Australian beekeepers from 'stealing' manuka honey. You should be running your own LinkedIn profile. Why Coles share price just surged to a record-high.
Jetstar plans to cut regional NZ routes. CEO survey found businesses are not doing enough for sustainability. Winemakers should create fairer contracts for grape growers, ACCC says. Saudis are exporting less oil to the world, shipping data shows. Thomas Cook collapse leaves some asking, are travel agencies dying? Donald Trump re-ignites trade war with China.
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RBA expected to cut interest rates next week. Investigation alleges Nutella could be made with Turkish child labour. China's two-track economy: developed nation or not? Australia can tame the tech giants: Communications Minister Paul Fletcher. India's surprise tax cut spurs questions about offsetting lost revenue. Australian mining lobby launches advertising blitz urging reforms. Mitigation key to cheaper insurance: APRA. PayPal investigating potential abuse as regulator orders audit.
Major household item buying index slumps. Former Thomas Cook bosses under fire for excessive pay. Arafura signs with Chinese magnets maker.
RBA being forced down an interest rate path it doesn't want to take. Ken Henry re-elected to ASX board.
Moving overseas for work? You'll struggle to return, report. Atlassian commits to net zero emissions by Qantas asked to help , stranded tourists. Ex-employees of WA dining chain speak out: Abuse and unpaid overtime. ASX to fall, European stocks fall as German recession deepens. KFC and Hungry Jack's face questions over super. Company directors find creative way to profit from insider trading. Thomas Cook ceases trading, one million travelers affected. Thomas Cook ceases trading, 9k job cuts and k customers abroad. New Seven CEO to restructure company with job cuts.
ASX expected to open flat. Wrecking yard that supplied Mad Max movie for sale.
Investment group to restore abandoned Queensland tropical island resort. WA's Kimberley bring shine back to Australian pearling industry. The good news is also the bad news in Sydney's property conundrum. Why western Sydney hopes to see an urban farming boom. Since early , domestic debt increased by 12 percent and external debt by 25 percent. The bank also reported that the country's government had agreed that there was a need for reforms "in the areas of fiscal operations, competitiveness and governance" and if fully implemented, "these could help the country reach Upper Middle Income status in the medium term" according to the bank.
The agency's evaluation was cautiously optimistic about the future: "While inflation has abated, credit growth remains strong. The central bank indicates its readiness to tighten the monetary policy stance further if inflationary pressures resurge or credit growth persists.
The authorities intend to continue building up reserves through outright purchases while allowing for greater exchange rate flexibility. The banking sector is currently well capitalized. Steps are being taken to find a resolution mechanism for the distressed financial institutions.
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Going forward, there is a need to strengthen the supervisory and regulatory framework, and identify and mitigate vulnerabilities in the financial sector, particularly with regard to non-banks and state-owned banks. As part of the debt management program the Sri Lankan government carried out several reforms which including the implementation of a new Inland Revenue Act as well as an automatic fuel pricing formula. Tax reforms also increased VAT rates and narrowed exemptions and the third review by the IMF noted that performance was on track regarding fiscal consolidation, revenue mobilization, monetary policy management, and reserves accumulation.
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