The Bank of Japan has introduced a negative interest rate in a surprise move. The benchmark rate of -0.1% means that the central bank will charge commercial banks 0.1% on some of their deposits. It's hoped the moves will encourage banks to lend, and counter the ongoing economic slump in the world's third-largest economy. Investors cheered the surprise stimulus as Japan's share prices rose 476.85 points to close at 17,518.30 points at the Tokyo Stock Exchange, after the plans were unveiled.
Warsh wins confirmation as Fed chair, with inflation on the march
The US Senate on Wednesday voted to confirm Kevin Warsh as the chair of the Federal Reserve, paving the way for the lawyer, financier and former central-bank governor to take the reins of the Fed.
Dubai Taxi Company to acquire National Taxi
Dubai Taxi Company (DTC) has announced a major expansion deal, signing an agreement to acquire National Taxi, one of the UAE’s established taxi operators, in a transaction valued at AED 1.45 billion.
Dubai Holding becomes largest shareholder of Emaar Properties
Dubai Holding has acquired a 22.27 per cent equity stake in Emaar Properties from the Investment Corporation of Dubai (ICD), becoming the company's largest shareholder with a total 29.73 per cent stake.
Abu Dhabi gets AED55 billion boost for 24 infrastructure projects
Abu Dhabi has greenlighted 24 infrastructure projects under a new AED55 billion public-private partnership that will see the development of roads, flood control systems and education campuses among others.
Abu Dhabi aims for 80% local materials in housing projects
Abu Dhabi plans to increase the use of locally manufactured building materials in housing developments to as much as 80 per cent under a new agreement between two government entities.
Di Na
Earl Agustin
Pinky Up
Katseye
Emoji
Sb19, Jolin
Pinoy Expat Corner
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Pinoy Expat Corner
How did Lightning Scientific Arnis International Dubai begin here in the UAE? What are the main skills and disciplines learned in Arnis training? #pinoytribe #TagPuyatanNa
