lets start with the reasons behind this. things like bank holidays strikes, how important are they? they are important and they can have a push and pull impact on these figures. we tend to see a boost to pub and restaurant although that wasn t the case in may, on the other hand, we tend to see it has a negative impact on manufacturing and construction activity because of those extra days off which is exactly what we did see in may. there is no doubt that the bank holidays had an impact and resort services was pretty much flat in may. we saw human health was a bit stronger because there weren t any strike day byjunior doctors but there was an increase in the output for arts and entertainment. that s partly because of the bank holidays. it was a bit of a mixed report but as you say, we saw a contraction in may, a bit better than expected. but matt lets pick up on those pay deals. , . ., ., matt lets pick up on those pay deals. , . . . , deals. they have agreed a pay rise, what
In england rose by 40 in the past week. Now on bbc news all the latest Business News live from singapore. Uberand uber and softbank finally reach a deal. The Japanese Firm is then largest stakeholder in the firm now. And is President Trump following through on his promise to bring jobs back to the us as he wraps up his first year in office . Welcome to Asia Business report. The deal is finally sealed. A group of investors led by the Japanese Firm softbank is taking a large stake in uber. The arrangement will make the ridesharing compa nys co founder arrangement will make the ridesharing companys co founder and ceo of very rich man. Earlier i asked our north American Technology reporter why it had taken so long to get a deal. There were a number of moving parts. On the one hand we had ubers continuing controversies about information breaches, sexism and various lawsuits they were involved in and there was a lot to work through when it came to the nature of the deal. For example, Softban
Last week. Selloffs outweigh bids by 600 to one haidi . Toshiba said to be near a winner. Incj are ahead in the field. Rishaad hong kong want to ensure it does not miss out on the next big thing. A reading on house prices in china. We are seeing pier 1 city house prices just inexorably rise. We have had this absolute runup of late. Expecteing how you bad loans at the same time. Nonperforming loans. Quite the reverse since march orer december of march december of 2015. People are not getting themselves into huge amount of debt. We have those numbers coming out in about half an hour. Haidi always interesting to look at that breakdown between the big cities and the second, third, or even fourth tiered cities. This is a recovery we have been seeing it we are watching policymakers potential reaction. It is a big week for china. We are expecting msci, their decision on whether chinese equities will be added to their global indices. If they do, it will be fourtime finally lucky. Huge implicat
In a long X platform post, Finance Minister Nirmala Sitharaman said GST contributes significantly to state revenues as they stand to receive 50 percent of IGST and 42 percent of CGST
Finance Minister Nirmala Sitharaman highlighted the significant impact of GST on the economy, praising its role in benefiting the poor by lowering taxes on essential items and improving tax buoyancy across states.