WEEKLY NEWS | 13 FEBRUARY 2023 | 185
THE MARKET WATCH
It’s another CYS bonding session for the month. Our office was filled with food, drinks, lucky draw prizes, and complimentary gifts from CEO Ann S.K. Wee. All of us had great fun and laughter along with our KTV sessions. We will back for more team bonding in CYS, so watch this space!
Special Feature News
CYS Karaoke Night
Bank of England aggressive rate hikes send chill through UK construction economy
The Bank of England’s ten successive interest rate rises have sent a chill through the UK’s construction economy, a closely watched survey out today shows.
Potential home buyers are shunning purchases due to mortgage rates flying higher, prompting house builders to rein in spending.
S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) latest purchasing managers’ index (PMI) for the construction industry dropped to 48.4 points last month, down from 48.8 points in the previous month and below analysts’ predictions.
Output among Britain’s house builders collapsed to 44.8 points, plunging the sector deep into the PMI’s contraction territory of anything below 50 points.
“Construction output reportedly fell in January at the fastest rate since ......
Turkey's lira hits record low but rebounds after quake, stocks slip
LONDON, Feb 6 (Reuters) - Turkey's lira briefly dipped to a record low and its main stock market fell 1.35% on Monday as a major earthquake added to pressures from a strong dollar and the war in Ukraine, as well as a surprise inflation reading.
TI Executive Director Examines Suboptimal US Corruption Index Score
Although it slightly improved in 2022, partisanship in the political arena, its blatant uses of gerrymandering, and its inadequate countermeasures against money laundering keep the United States’ global corruption perception ranking close to its historic low, a top official of the global anti-corruption organization Transparency International told OCCRP......