The Indonesian economy has been described as a “phoenix rising”, according to a recent report published by Nomura on June 7, 2011.
In its report, Nomura stated its belief that Indonesia will see GDP growth averaging over 7 percent in the next five years, where “current momentum will be augmented by incremental reforms and progress on infrastructure development”.
This interview is part of a series of discussions with Singapore-based thought leaders on the art of communication, carried out by Andrea Edwards, CEO of SAJE, a content, communication and events agency. You can see the full series at the SAJEideas blog.
Looking for a job in times of high unemployment and few good job opportunities takes a massive tool on families and individuals. But things will get better in the economy – they always do. If you’re unemployed and stressed out looking for a job, it pays to take a break, and a laugh. Here are some funny unemployment jokes to cheer you up!
The trouble with unemployment is that the minute you wake up in the morning you’re on the job.
The way things are going the only people who will have jobs are those in the unemployment office.
The US government’s snapshot of the labour market showed only 54,000 jobs were created in May. The lowest since September. Employers are spooked by a volatile economy and are hitting the brakes on hiring.
Two unrelated global crises are benefitting Russia. As the primary gas exporter to Europe, Russia stands to gain from the rise in energy prices as a result of unrest in the Middle East.
Secondly, the country benefit from sourcing nuclear power in Germany and Italy due to the Fukushima nuclear power plant disaster.
According to the Financial Times,
Chinese oil giant Sinopec has stopped exporting oil products to maintain domestic supplies amid disruption concerns caused by Middle East unrest and Japan’s earthquake.
The state-run Xinhua news agency did not say how long the suspension would last but it reported that the firm had said it also would take steps to step up output “to maintain domestic market supplies of refined oil products”.
Egyptian Foreign Minister Nabil Elaraby said in an interview with Al Jazeera and discussed that Cairo was working to permanently open the Rafah border crossing with the Hamas-controlled Gaza Strip.
China has posted its first quarterly trade deficit in seven years, as it continues efforts to rebalance its economy.
The deficit for the first three months of the year was $1.02bn, according to the latest data by the General Administration of Customs. For the month of March, the country reported a tiny trade surplus of $140m.
Ares is an investment firm which has $37 billion of funds invested in private equity, high-yield bonds and other corporate debt. Canyon Partners, an alternative-investment firm that manages $18 billion. Imperial Capital, is a boutique investment bank.
So what do these investment firms have in common?
All three firms can trace their origins to Drexel Burnham Lambert, an investment bank that collapsed into bankruptcy in 1990, fatally wounded by an insider-trading scandal.
Following a modest 3.9% quarter on quarter (q-o-q) seasonally-adjusted annual rate (saar) rise in Q4 2010, Singapore’s GDP growth accelerated in Q1 2011, recording a 22.5% sequential expansion. While services had recovered more quickly in Q4 last year, the manufacturing sector caught up in Q1 2011, boosted by an improvement in end demand.
Related: Singapore Economy
