TOKYO: Japanese shares closed higher on Friday, as cyclicals and technology stocks tracked a strong finish on Wall Street, although the gains were capped by concerns over the country's economic recovery and amid a cautious outlook of U.S. equities. The Nikkei share average rose 0.66per cent to close at 29,066.18, while the broader Topix advanced 0.80per cent to 1,962.65. For the week, the Nikkei gained 0.35per cent to climb just above the 29,000-mark, which market participants said has become a psychological barrier as Japan's outlook of an economic recovery remains uncertain. The Nasdaq and the S&P 500 closed at record highs overnight, while the Dow jumped almost 1per cent after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal. "Today's (Friday) market is tracking Wall Street's strong gains. But investors, particularly in Japan, are getting wary of U.S. markets taking a pause anytime soon," Shoichi Arisawa, general manager of the investment ... » Learn More about Japan stocks track Wall Street’s solid finish to close week higher
The announcement came at the end of a long night in which the media waited for the outcome of the UMNO Supreme Council meeting. At around midnight, it went out -- the party would continue to support the Perikatan Nasional government headed by Bersatu's Muhyiddin Yassin. In an official statement, UMNO said it wanted political consensus and "respect", and that it did not wish to work with opposition parties PKR or DAP. The political ceasefire continues . https://t.co/1BXoxsDTZp pic.twitter.com/dV0FnFi7nC — Melissa Goh (@MelGohCNA) October 26, 2020 Muhyiddin to remain prime minister The announcement ended intense speculation over Muhyiddin's future as prime minister. Earlier, UMNO leader Ahmad Zahid Hamidi said that he could not stop some of his members from supporting PKR's Anwar Ibrahim if they wanted to, with the opposition leader, Anwar, claiming he had a strong majority in parliament, and that Muhyiddin should resign . Ahmad Zahid also suggested ... » Learn More about Najib asked UMNO to support Anwar, but party backs Muhyiddin as PM
Follow us on Telegram for the latest updates on Covid-19: https://t.me/mothershipsg Prime Minister Lee Hsien Loong addressed the nation on Monday (Dec. 14), providing Singaporeans an update on the current Covid-19 situation. In his speech, PM Lee thanked Singaporeans for complying with the various Covid-19 measures, and announced that Singapore will be entering Phase 3 in two weeks' time, on Dec. 28, 2020. Government will ease capacity limits in public places The government will ease capacity limits in public places, such as malls and attractions, as well as places of worship. More significantly, groups of up to eight people will now be able to congregate during Phase 3, up from the current maximum of five. This means that eight people can dine out together, or visit someone's home, according to PM Lee. PM Lee said that further details on Phase 3 will be explained by the Ministerial Task Force in a follow up press conference. Phase 3 is possible due to ... » Learn More about Phase 3 to begin on Dec. 28, groups of 8 will be allowed to congregate
Follow us on Telegram for the latest updates: https://t.me/mothershipsg Thailand's King Maha Vajilongkorn, in a rare interaction with civilians, was seen commending a man who held up a portrait of his father, the late King Bhumibol Adulyadej, while facing off against pro-democracy protesters. The man, 49-year-old Thitiwat Tanagaroon, later took to Facebook to post a video of the encounter, which became widely circulated on social media. "Very brave" man The king and Queen Suthida were meeting a crowd of supporters who gathered near Dusit Royal Palace on Friday night, Oct. 23. The queen then spotted Thitiwat and pointed him out to the king, who then patted him on the shoulder a couple of times. According to Khaosod English , the king told him: "Very well done, very brave, I thank you." After they moved on to greet the other well-wishers, a jubilant Thitiwat punched his hand in the air and signed "I love you". On his Facebook post, Thitiwat said he was ... » Learn More about Thai king praises supporter & pats him on shoulder in rare exchange, man says he’ll frame his shirt
AT A GLANCE Only 56% of the flagship infrastructure projects in the government's revised list are expected to be completed by 2022, Duterte's last year in office The government counts on Build, Build, Build to fuel the country's economic recovery from the pandemic, but it will rely on loans to fund many of the projects DOTr and DPWH, the two agencies that are implementing most of the projects, have been underspending their respective budgets. This led to the slow execution of the program Are we anywhere near the touted "golden age of infrastructure" now that 4 years of the Duterte administration have gone by? President Rodrigo Duterte and his economic managers launched the ambitious P8.4-trillion infrastructure program in 2017 to reduce poverty, stimulate economic growth, and reduce congestion in Metro Manila. The messaging was clear: Build, Build, Build will be Duterte's legacy . Since then, the government has repeatedly boasted of the program's ... » Learn More about With 2 years left in Duterte’s term, where are we on Build, Build, Build?
To celebrate the unsung heroes who contributed and continue to help the Philippine economy thrive and survive amid the challenging times, Globe Business strengthens its support for Filipino micro, small, and medium business owners by kicking off this year’s Saludo SMEs campaign. With the message “Tuloy Tayo”, Saludo SMEs aims to empower and enable Pinoy entrepreneurs who have exerted undying efforts to adapt and move forward despite the challenges brought by the pandemic. Recognizing the valuable efforts of MSMEs June 27th has been declared by the United Nations as MSME Day. With MSMEs accounting for about 99.5% of all registered business in the country, consequently, the Department of Trade and Industry celebrates the last week of June as National MSME Week. From these MSMEs, more than 250,000 surround the Ayala Group’s ecosystem in 2020. This celebration, according to Fernando Zobel De Ayala, President and CEO of Ayala Corporation, is in recognition of the ... » Learn More about Tuloy tayo: Globe Business launches ‘Saludo SMEs’ campaign to honor, equip Pinoy entrepreneurs