the us is a little bit further along than us, and rba, our central bank, generally is a lot more conservative and always looks to the us for guidance. what are the key factors driving the current interest rate movements in australia and how do they impact the economic outlook for the year? the economic outlook at this point is looking at a real gdp growth about 2% with inflation sitting at about mid single digit level. with the rate currently most economists expect no rise today and potentially three cuts by the end of this calendar year. our inflation rate, the last report was actually a lot better or undershot our central bank s forecast and hopefully that will be on its way down in the next few prints. how resilient is the australian economy then expected to be? you sound very optimistic about it. what are the key areas of strength but also areas perhaps of vulnerability? the australian economy s holding out well because consumers are still doing quite well, and with the r
IPOH: A 36-year-old businessman in Taiping lost over RM400,000 after falling victim to a scammer who seemed to know his personal and banking information.
Yes, I know it might sound like a stretch since you probably don't have any ties to the mafia and have purposely never put a hotel on Boardwalk when playing Monopoly, but a recent study by QuestionPro commissioned by BadCredit.org has revealed that over 1 in 5 (23% of) benefactors who have extended financial assistance to someone they know did so under egregious terms, including 21% of those surveyed in Washington State.
KUALA LUMPUR: Desperately needing RM12,000, an IT executive ended up having to repay almost six times that amount to loan sharks – all within a period of about a month. It all started in early December when Yap Wai Fong sought to borrow the amount from four loan shark companies after seeing their advertisements on Facebook.
SINGAPORE: A total of 117 people, aged between 13 and 74, are being investigated for their suspected involvement in unlicensed moneylending activities, the police said on Dec 4.