LONDON: Scientists have found multidrug-resistant "superbug" bacteria lurking on cash machines, escalators and handrails in London's underground rail system, shopping centres and hospitals and say they pose a potential risk to public health.Research published in the journal Nature Research on Thursday found "disturbing" and "worrisome" levels of antibiotic resistance, said Hermine Mkrtchyan, a specialist in biomedical sciences at the University of East London, who co-led the work."General public areas, which are part of our everyday life, can be reservoirs for multidrug resistant bacteria," she said. The levels found were "further evidence that infection control measures, both in the hospitals and in public places, fail to limit the spread of resistant bacteria," Mkrtchyan said.The research team collected a total of 600 samples of a bacteria known as staphylococci from public places and public areas of hospitals in East and West London. Of the 600, 281 were found to be multidrug … [Read more...] about Superbugs found lurking in London underground and hospitals
Chinese underground banking system
BEIJING/HONG KONG: China is sharpening its scrutiny of small banks' shareholders amid fears that loans from the lenders to big investors could prove a weak point in the country's financial system, jolted by the state's weekend rescue of one lender and recent takeover of another.While nominally small, China's numerous small city commercial banks risk having outsized significance because of their close ties to the rest of the banking system as well as with bigger shareholders, many of whom are giant companies.Earlier this month, the China Banking and Insurance Regulatory Commission (CBIRC) asked banks and some other financial firms for details of any investor building up stakes of 5per cent or more without required regulatory approvals.The regulator also asked the firms if they had disclosed all business transactions with their main owners, according to a regulatory notice seen by Reuters.Regulators have also conducted spot checks at some smaller banks in the last two months to probe … [Read more...] about China probes small bank shareholdings as risk worries persist
The Thai Bankers' Association (TBA) has instructed commercial banks to set up an alert system to notify other banks' customers in the event of a digital banking system crash.The move, considered a measure to alleviate problems, comes as several banks' mobile apps continue to suffer glitches, particularly on the final business day of the month when money transfer transactions surge considerably from other days as paychecks become available for withdrawal. This is the TBA's latest measure to avert outages of several banks' digital banking systems at the same time, said Predee Daochai, chairman of the TBA and president of Kasikornbank (KBank). With the alert system, banks that are suffering glitches must notify the TBA's central system and other banks' customers to warn about sending money to recipients who have accounts at the troubled bank, Mr Predee said. "The system will send notifications to customers' mobile phones to warn them that the money in their account is at risk of being … [Read more...] about TBA has bank apps warn each other of system crashes
Their early days there were rough. They had no language skills in either Tagalog or English, and Xu says the authorities frequently shut down businesses in Chinatown, partly because many were evading taxes. He found himself in a police station on more than one occasion. "I would get in there and everyone arrested would be Chinese. I was scared. I was so young at the time," he says. Now the owner of a range of businesses offering services from rice imports to printing, Xu believes Chinese immigrants must adjust and integrate into the local culture, which he says includes small but significant idiosyncrasies such as the tendency for Filipinos to dislike Chinese bosses disciplining staff in front of other workers. He does not see a great deal of anti-Chinese sentiment outside of a small group of Filipinos he believes are seeking to incite hatred. Fellow immigrant Ken Hong, 43 and also from Fujian, has done almost every job imaginable since he arrived in Manila nine years ago. He went … [Read more...] about Why are Chinese workers so unpopular in Southeast Asia?
PETALING JAYA: Malaysia’s banking system remains stable despite slower economic growth, according to Moody’s Investors Service. In a statement released yesterday, the rating agency said strong loss-absorbing buffers should mitigate a potential rise in credit costs and moderating profitability over the next 12-18 months. “The banks are well positioned to manage the challenges associated with Malaysia’s weakening economy and the vulnerable oil and gas, real estate and construction sectors, supported in particular by strong loan-loss reserves and solid capital ratios,” said Moody’s vice-president and senior credit officer lka Anbarasu. Although a slowdown in trade, private investment and government spending will result in a moderation in gross domestic product growth to 4.4% in 2019 and 4.3% in 2020, it noted that domestic private demand will remain supported by stable employment conditions and wage growth. Malaysia’s economic growth moderated to … [Read more...] about Local banking system stable despite slow growth