The new Japan-Australia Economic Partnership Agreement (JAEPA), signed on 8 July 2014, will strengthen economic ties between the two nations. Japan is Australia’s third largest direct foreign investor with A$130 million worth of investment stock in Australia in 2013.

Ratings agency Standard & Poor's (S&P) has reaffirmed Australia's triple-A credit rating and stable economic outlook, stating that the sovereign credit ratings on Australia benefit from the country's strong institutional settings, its wealthy and resilient economy, and a high degree of monetary and fiscal policy flexibility. “These factors provide Australia with a strong ability to absorb large economic and financial shocks, as was demonstrated during the global recession in 2009,” S&P said.

One letter-writer realizes that many of his views could make him an enemy to Donald Trump.

Homebuilding sector analysts at Raymond James and Associates see mortgage rates remaining “higher for longer,” given the outcome of the election.

[Dabanga] Port Sudan -- Suliman Baldo, executive director of the Sudan Transparency and Policy Tracker (STPT), warns in a recently published report that the Sudanese Armed Forces (SAF) is positioning itself to dominate the country's post-war economy, particularly through control over reconstruction efforts.

[The Conversation Africa] Turmoil following presidential and parliamentary elections in Mozambique has been severe. Preliminary official results from the 2024 elections indicated a landslide win by the ruling party, Frelimo. These results are widely contested, with various reports of irregularities.

1. Jio Financial Services shares surge over 6% on inclusion in F&O segment  The Economic Times
2. Zomato Surges 5% On Inclusion In F&O Segment, Swiggy's Listing; Details  News18
3. NSE to introduce futures and options contracts on 45 stocks from November 29, here's the full list  Moneycontrol
4. Jio Financial, Zomato potential Nifty inclusion candidates? Here is what analysts said  CNBCTV18
5. Exchanges make 45 new additions in the F&O following new eligibility norms | News on Markets  Business Standard

COLOMBO, Sri Lanka — Sri Lanka began voting in a snap election on Thursday which will determine if the island nation wants to empower its new, leftist President Anura Kumara Dissanayake to push his pro-poor policies as it recovers from a financial meltdown. A little over 17 million Sri Lankans are eligible to elect lawmakers to the 225-member parliament for a five-year term. A record 690 political parties and independent groups are in the fray across 22 electoral districts. Marxist-leaning Dissanayake, 55, was elected president in September but his National People's Power (NPP) coalition had just three of 225 seats in parliament, prompting him to dissolve the legislature almost a year before its term ended and seek a fresh mandate. Over 7,000 police personnel have been deployed to ensure free and fair elections at the more than 13,400 polling stations set up across the country, police officers told Reuters. "The military is also on standby to assist the police but we do not expect any incidents," said Police Spokesman Nihal Thalduwa, adding that voting was proceeding smoothly. As polling opened in the early hours of the morning, people began trickling into temples, schools and other public buildings being used as polling stations. Among them was Umeshi Perera, 32, who lined up to cast her ballot at a school in Biyagama, a suburb about 15 km from the South Asian nation's largest city of Colombo. "I think we are seeing the first signs of a positive political change in Sri Lanka after the president was elected and we should give him the chance to continue that change," she said. Analysts say Dissanayake's coalition is expected to draw significant support, while a victory for a rival could lead to a policy logjam the country cannot afford. The Samagi Jana Balawegaya party of opposition leader Sajith Premadasa - who favors a mix of interventionist and free-market economic policies - is NPP's main challenger. The other key contender is the New Democratic Front, backed by previous President Ranil Wickremesinghe. "All arrangements are in place and we appeal to the public to work with us to ensure a free and fair election," Election Commission Chairman RML Rathnayake told reporters at a pre-election briefing on Tuesday. Votes will be counted soon after polling closes on Thursday and results are expected to be announced on Friday. A country of 22 million people just across the southern tip of India, Sri Lanka was crushed by a 2022 economic crisis triggered by a severe shortfall of foreign currency, causing the economy to shrink by 7.3% in 2022 and 2.3% last year. Boosted by a $2.9 billion bailout program from the International Monetary Fund, the economy has begun a tentative recovery, but the high cost of living is still a critical issue for many voters, especially the poor. Dissanayake wants to push anti-poverty policies including bigger welfare schemes and fight corruption as a political outsider in a country dominated by family parties for decades. He also aims to tweak targets set under the IMF program to reduce high income taxes and free up funds to invest in welfare for millions hit hardest by the crisis. The new government must deliver a budget to reach a crucial primary surplus target of 2.3% of GDP in 2025 set under the IMF program, deliver pro-poor policies, and put growth on a sustainable path. But investors worry Dissanayake's desire to revisit the terms of the IMF bailout could delay future disbursements, and make it harder for Sri Lanka to hit that primary surplus target. "In past elections, people did not have confidence in us but in September people gave us victory and proved that we are a winning party and we can form a government," Dissanayake said on Sunday as the campaign neared its conclusion. "The next task is to unite people from the four corners of this country and build a powerful people's movement," he said.

1. India has the highest number of diabetic people in the world, even more than China: Report  The Economic Times
2. Why Lancet study on diabetes is a red flag: A quarter of diabetics globally are Indians  The Indian Express
3. 800 million diabetics worldwide and most aren't getting treatment, finds study  The Times of India
4. Indians account for quarter of world’s adult diabetes patients: Lancet study  Hindustan Times
5. Why have diabetes rates doubled over the past 30 years – and what can be done about it?  The Guardian

[New Times] Achieving rapid private sector growth in Rwanda is unlikely without far-reaching reforms to economic policies, a new report released on November 13, by the World Bank has shown.

Scholars need incentives to tell the truth, not to hide it and promote socially acceptable ideas.

A silent crisis of ‘serial returns’ is eroding retail profit margins as uncovered in the Annual Returns Benchmark Report 2024 conducted by returns specialists ZigZag, in partnership with Retail Economics.

Austrian Post has published its Q1-3 results revealing revenue of the Group rose by 13.6%.

The Q2 2024 results for the DHL Hong Kong Air Trade Leading Index (DTI) have been published.

1. India tops global diabetes list with 212 million cases in 2022: Lancet Study  The Economic Times
2. Don’t follow self-healing methods to control diabetes, says diabetologists  The Hindu
3. Combat diabetes with urgent lifestyle changes: Experts  The Times of India
4. Indians account for quarter of world’s adult diabetes patients: Lancet study  Hindustan Times
5. Rice University’s ROGUE device implants a ‘living pharmacy’ to combat diabetes and obesity  Express Pharma

1. Rs 6.8 lakh crore wiped out: Sensex tanks 984 points. 6 key factors behind Wednesday's panic sell-off  The Economic Times
2. Bloodbath on D-street: Investors lose Rs 13 lakh crore in last 2 days- Top reasons why market is falling  The Times of India
3. Trading Plan: Can Nifty 50 decisively break 200 DEMA, Bank Nifty hit August low?  Moneycontrol
4. Ahead of Market: 10 things that will decide stock action on Thursday  The Economic Times
5. 'Everything is being cut,' says Basant Maheshwari as market goes into correction phase; key reasons behind today's fall  Business Today

1. Adani Group commits $10 bn in US energy, infrastructure projects  The Economic Times
2. 'Congratulations Donald Trump': Gautam Adani says his group will invest $10 billion in US energy, infra p  The Times of India
3. Adani commits $10 billion in U.S. energy, infra projects  The Hindu
4. Gautam Adani pledges USD 10 billion investment in US energy, infrastructure projects  India TV News
5. Video | Gautam Adani Commits $10 Billion To Energy, Resilient Infra Projects In US  NDTV

1. Modi regime sees five-fold jump in ITR filers with income above Rs 50 lakh; middle class tax burden falls  The Economic Times
2. Modi regime sees five-fold jump in ITR filers with income above Rs 50 lakh  Deccan Herald
3. Tax burden shifting to super-rich, but middle class barely growing  The Financial Express
4. Taxpayers with annual income of over ₹1 crore rose 323% to 350,000 in 10 yrs  Hindustan Times
5. More than 8 cr ITRs filed for FY 24, 74 pc in new tax regime  The Economic Times

1. Zomato welcomes rival Swiggy on Dalal Street  The Economic Times
2. Swiggy's dollar millionaires: 70 employees to pocket over $1 million each as company delivers IPO  Moneycontrol
3. Swiggy shares surge 17% on debut, market capitalization exceeds Rs 1 lakh crore  The Times of India
4. Swiggy Share Price & IPO Listing Highlights: Swiggy shares surge 10% after listing at premium on NSE, BSE  BusinessLine
5. Swiggy's IPO debut sees strong gains, but competition challenges loom  Business Standard

NEW DELHI — Indian political parties are increasingly targeting women voters with fiscally draining handouts of cash around the time of elections to counter wider worries about inflation and the lack of jobs, analysts say. A greater turnout of women voters in the past decade has reversed a trend of men easily outnumbering women. Political parties have competed to attract them, even as inflation hit a 14-month peak in October and unemployment stays high, at 8.9 per cent. Regional governments run by both Prime Minister Narendra Modi's party and the opposition are offering or planning such efforts to lure about a fifth of India's estimated 670 million women, the economic research division of Axis Bank says. "This is a substantial burden on the exchequer," its chief economist, Neelkanth Mishra, said in a report. "Where is the funding coming from? Some from higher deficits." Budgeted deficits for the current fiscal year for nearly all Indian states unveiling handouts for women were higher than five years ago, with many cutting capital expenditure to fund the populist measures.

Packing and transferring to new area using majority of items is not an simple task. It should be performed using excellent treatment and commitment to generate the shifting inconvenience free. A great many do the job must be performed...

Borro's team of accredited luxury asset experts and financing specialists tailor loans to meet individual and business needs, making Borro a trusted lender to over 15,000 clients since 2008.

Once upon a time, in a land far, far away – in Internet terms that’s about 10 years ago – a small business owner did not have to worry too much about macro-economics. Well, that was a nice trip down Memory Lane.

Today, Main Street business owners have to operate every day in their micro-economy, while keeping an eye on what is happening at the macro level. Alas, macro-economics is not easy to get your head around when your highest priority on Monday morning is to cover payroll on Friday.

complete article

MORE than 10.6 million Australians will receive cash bonuses under a $42b Government plan to boost the economy.

As the Reserve Bank prepares to announce another cut in official interest rates this afternoon, the Government has released details of its plan to support up to 90,000 jobs. It also revealed a $22.4 billion fiscal budget deficit will blow out to $33.3 billion by 2009-10.

Under the economic stimulus package:
FROM March, families eligible for Family Tax Benefit Part A will receive a $950 Back to School Bonus for each eligible child.One-off $950 payments will also be made to: AROUND 1.5 million single-income families who receive Family Tax Benefit Part B; FARMERS and rural-dependent small business owners receiving exceptional circumstances assistance;YOUTH Allowance, Austudy, Abstudy and Education Entry Payment recipients;FROM April, workers earning up to and including $80,000 will get a $950 tax bonus;THOSE earning $80,000 - $90,000 will get $650;PEOPLE earning between $90,000 - $100,000 will receive $300.

The Government will also: INSTALL free ceiling insulation in 2.7 million homes;CONSTRUCT 20,000 public and social housing dwellings and 802 Defence houses;DOUBLE the rebate to landlords who install insulation in rental properties to $1000 INCREASE the Solar Hot Water Rebate from $1000 to $1600;SPEND $850 million on fixing roads, building boom gates for rail crossings and building community infrastructure such as town halls, libraries and sport centres.

Schools will also benefit: ALL 9540 Australian schools will receive up to $200,000 for maintenance and building works; EVERY primary, special and combined Prep - Year 12 school will receive money for large-scale infrastructure such as libraries and multi-purpose halls;ABOUT 500 new science laboratories and language learning centres will be constructed in high schools.Meanwhile, businesses will be eligible for a share of $2.7 billion worth of investment tax breaks. Prime Minister Kevin Rudd and Treasurer Wayne Swan will hold a press conference this afternoon to discuss the plan and the budget and economic outlook.

Jan. 10 (UPI) -- World nations face escalating threats in the coming year from extreme weather, artificial intelligence, and geopolitical tumult,...

[Daily Trust] Stakeholders have decried the low representation of women in economic leadership, lamenting that despite the high percentage of women in the country, they are underrepresented in economic leadership.

January 19, 2006 – There is a lot of talk in the media about natural disasters. In the past year the United States has faced hurricanes, flooding, tornados and fires. The first thing on the mind of anyone who goes through a disaster is physical survival. But what very few people consider is economic survival. Just because you lose all of your physical possessions doesn’t mean that you have to lose everything that you have worked for all of your life. But in order to survive economically, you need to do some pre-planning.

Beyond the benefits of quick, oil free cooking, this device has another big advantage: it uses less electricity than a traditional oven.

Fr. Apostolos Hill homily about the parable of the unforgiving servant.

In the world of business, understanding unit economics is crucial for achieving scalability, profitability, and maintaining overall business health. It provides valuable insights into the financial performance of a company, allowing entrepreneurs and managers to make informed decisions about resource allocation, pricing, and profitability. I spend a decent amount of time talking about this in ... Read more

The post Scaling Your Business Requires Understanding Your Unit Economics appeared first on Chris Lema.

One of the more persistent criticisms I get these days is that by being public about my really rather normal experience of sex work, I am "silencing" people who label themselves a victims.

I'm not going to rehash the particular arguments regarding Happy Hookers vs. Abused Victims here, in part because Maggie McNeill has already done it. Suffice it to say that people who have read my writing know my experience of sex work, while useful, positive, and not abusive, was not quite the shopping-and-shoe-buying fantasy critics paint it as. But then most people who think that about me have never encountered my writing firsthand and are instead basing their impressions off a half-remembered advert featuring Billie Piper's tits. I understand. It's easy to get confused.

But it did give me a moment of pause: is my writing crowding out other voices in the market? I decided to examine this further.

Since many people purport to tell the story of sex workers for them, I excluded books that were either not written by or not straight biographies of a particular sex worker. I also excluded all that were fiction (such as my own Playing the Game) or deal with post-sex work life (such as Lily Burana's I Love a Man in Uniform).

Anyway, here are the results:


As you can see, my books are outnumbered by hooker memoirs that predate mine (Tracy Quan and Xaviera Hollander in particular). Outspoken strippers also chalk up plenty of contributions to the genre.

But outnumbering all of us by far are the 'misery memoirs' about prostitution. (Don't get angry at me for the sweeping generalisation. That is what the genre actually is called.) There are, to use the technical term, fucking shedloads of these books. You'll notice more than a few bestsellers in that stack as well. These were just the ones I could fit into the graphic; there are dozens upon dozens more. Many if not most of which were published after my books first came out.

It's probably fair to conclude that not only has my writing not stopped others from contributing their experience to the general debate on sex work, but that you're actually more likely to get noticed if you're unhappy with prostitution than generally satisfied with it.

With the swirling vortex of Kristof/trafficking/concern porn making the rounds, in fact, now might just be the right time to do it. If you were of a mind to write a book like that.

I encourage people with real firsthand views on the topic, whatever they are, to write. In fact moreso if you are not white, or not a cis woman, or not from the US or Western Europe. Women who look and sound approximately like me are already pretty well represented in the hallowed halls of sex worker lit. Let's diversify it all over the damn place until the orientalists and anti-migration-disguised-as-anti-trafficking types have to eat every last one of their words.

Just so long as we all understand that there is no such thing as one story of sex work - they are as diverse as the people in it. My story is my story. Your story is your story. None of us speak for all sex workers. And be honest. As Bob Dylan memorably put it “If you live outside the law you must be honest.” So long as we are all on the level, then getting as many true voices out there as possible is no bad thing.

Now back to the critics...

For pity's sake don't come crying to me if you're not as popular as you like. As the objective evidence shows, it categorically is not down to me whether or not people want to read your writing.

As regards writing as a career, it is dangerous to assume I or anyone else is getting "vastly rich" off of writing (as one bitter soul recently accused). Many people seem to think that writing a book, even a bestselling one, is a ticket to financial freedom and nets far beyond what even your common-or-garden escort can potentially make. I hate to break it to the dreamers, but that is not so.

If it was, do you think I'd still be writing? Hell, no. I'd be kicking back with J.K. Rowling and E.L. James in our secret volcano fortress warming my toes on a fire built by our minions entirely out of £50 notes and cackling madly. As opposed to the reality - sitting in my home office in a very average house in one of the poorest areas of the country. I'm not bankrolled by any grant-grabbing NGOs, my personal appearances usually only cover expenses, and nuisance legal threats from people with a lot of time on their hands cost more than all my living expenses combined. I've done better than most by writing and am still a long way off being a millionaire.

As it turns out, I hear the person who made that accusation supposedly comes from family money herself and spends her time as a dilettante poetess. If that's true, well, good luck with that. Whatever works amirite?

Best of luck, former fellow hos. This is not exactly the road less traveled but is no less bumpy for it.

One of the key attempts towards a collective African vision is the New Economic Partnership for African Development (NEPAD). Barnard and Vonk (2003) report that “53 countries have been urged to implement ICTs in three crucial development arenas: education, health and trade”. While NEPAD and other initiatives have contributed to the provision of ICT infrastructure with positive results as seen in the growth of Internet uses, the disparities in development across Africa are enormous. The challenge to Higher Education Institutions in Africa has been summarised by Colle (2005): “central to creating digital resources and academic infrastructure is the question of universities’ relevance to the world around them, and especially to the challenge of being an active player – ‘an anchor of a broad-based poverty alleviation strategy’ in an increasingly knowledge-based economy”. It can be inferred from Colle that the activities of HEIs in Africa ought to be geared towards contributing to the realisation of the Millennium development goals.

The burgeoning economic inequality between the richest and the poorest is a cause of concern for social, political, and ethical reasons. While businesses are both implicated and affected by growing inequality, business schools have largely neglected to subject the phenomenon to sufficient critique. This is, in part, because far too many management educators rely on orthodox economic perspectives—often represented by neoliberal capitalism—which have dominated the curricula and the teaching philosophy of business schools. To address this issue, this article underscores the need for business schools to critically examine the relationship between neoliberal capitalism and economic inequalities, and to overtly engage with this nexus in pedagogical practice. The article concludes by revisiting the concepts of relationality and answerability as paths by which to address the current predicament. Relationality and answerability collectively offer: i) conceptual and reflexive tools by which to re-imagine business school education, and, ii) space for business schools to debate important questions about the taken-for-granted, but problematic, assumptions underlying the ideology of neoliberal capitalism

DONALD Trump’s victory in the 2024 US presidential election has raised global concerns about how his economic policies may impact countries like Malaysia.

With an “America First” approach focused on protecting domestic interests, the Trump administration is expected to reshape international trade, shift investment flows and influence geopolitical relationships.

For Malaysia, this outcome presents not only challenges but also opportunities in key economic sectors, including trade, foreign investment and commodities.

Trump is anticipated to continue protectionist policies that prioritise US jobs and domestic production. His proposal to impose a 10% import tariff on all goods entering the US aims to reduce reliance on foreign products and bolster domestic manufacturing.

Additionally, Trump’s plan to impose tariffs as high as 60% on Chinese products could have significant implications for Malaysia, one of the major exporters of electronic products and components to the US. If high tariffs are applied to Chinese goods, Malaysian products incorporating Chinese components could also be impacted, potentially diminishing US demand for Malaysian exports.

While this situation presents risks, it also provides opportunities as companies diversify supply chains away from China. Malaysia benefitted from the “China+1” strategy during Trump’s first term, as exports to the US increased amid US-China trade tensions.

Malaysia’s semiconductor industry, a focus of large investments from multinational companies such as Intel and Infineon, may continue to attract interest as a stable manufacturing base.

Currently, Malaysia holds around 13% of the global market in chip packaging and testing, making it a favourable location for companies seeking to expand operations outside of China. These conditions indicate Malaysia’s potential to further establish itself as a manufacturing hub if it can maintain political stability and investor-friendly economic policies.

The energy sector is also likely to be affected. Trump’s pro-oil stance could lead to increased US production and exports of fossil fuels. Should global oil prices rise, Malaysia, as an oil exporter, stands to benefit from higher national revenue.

However, rising oil prices also carry inflationary risks, as increased energy costs could drive up production costs and consumer prices domestically. While the energy sector may gain, higher energy costs could pressure consumer purchasing power and escalate operational costs for local industries.

To maximise these potential gains, Malaysia will need to balance these impacts on the consumer sector and ensure monetary policies support price stability.

The Malaysian commodity sector, particularly palm oil, faces potential challenges as well. During Trump’s first term, the US imposed import restrictions on Malaysian palm oil companies such as FGV Holdings and Sime Darby Plantation over allegations of forced labour. These restrictions affected Malaysian palm oil exports to the US, reducing revenue and harming the country’s image as a responsible producer.

Should similar policies persist, Malaysia will need to strengthen sustainable labour practices and meet international standards to retain access to global markets and protect its reputation as an ethical producer.

Trump’s policies could bring added uncertainty to Malaysia’s capital markets and the ringgit’s value. With US interest rates currently at 4.75%-5.00%, any influence Trump may exert on the Federal Reserve to raise rates could lead global investors to favour US assets, potentially causing capital outflows from Malaysia.

In 2023, Malaysia saw a 6.8% decline in foreign equity inflows, and the ringgit depreciated by around 8% against the US dollar. This shift reduces liquidity in local capital markets, and foreign investors may approach Malaysian equities with greater caution, especially if Trump’s policies introduce additional tariffs or trade restrictions.

As demand for the US dollar rises, the ringgit may face continued downward pressure. A weaker ringgit could increase import costs, particularly in vital sectors like food and technology, compounding domestic inflationary pressures, which currently stand at 2.8%.

To address these challenges, Malaysia needs a strong risk management strategy to maintain market stability and support the ringgit amid growing uncertainties.

In addition, Trump’s protectionist stance may directly impact Foreign Direct Investment (FDI) into Malaysia. As a manufacturing hub in Southeast Asia, Malaysia could see reduced FDI if the US pursues an aggressive stance on countries with significant trade surpluses.

Trump’s emphasis on protecting US jobs and domestic economic interests may lead to decreased investment from US companies in Malaysia.

Concurrently, prolonged US-China trade tensions could make investors more cautious about Malaysia, which may be perceived as politically and economically vulnerable. Any decline in FDI could affect job creation, technology growth and Malaysia’s long-term economic stability.

Furthermore, Trump’s victory raises concerns about the future of the US-led Indo-Pacific Economic Framework (Ipef). Trump has previously expressed a desire to withdraw from trade agreements like Ipef, which he sees as “another TPP”. If this happens, Malaysia may face challenges in maintaining market access and regional economic integration.

To prepare, Malaysia must diversify its trade partnerships, strengthen local industries and foster growth in resilient sectors. Malaysia’s involvement in Ipef reflects its commitment to regional economic integration, which could help mitigate the negative effects of US protectionist policies.

In summary, Trump’s victory could have significant implications for Malaysia’s economy. Protectionist policies and prolonged trade tensions could disrupt global supply chains, increase market uncertainty and challenge Malaysia’s economic growth.

Malaysia must be prepared with sustainable and adaptable strategies to tackle these challenges while capitalising on emerging opportunities to maintain economic resilience amid an increasingly complex global landscape.

The writer is a researcher and Islamic Finance consultant.
Comments: letters@thesundaily.com

Shehbaz expresses optimism that interest rate cut will boost investor confidence and increase investments in Pakistan