BIDV was among the largest bond issuers in November, with VNĐ8.6 trillion. — Photo BIDV Rising medium- and long-term capital demands to meet stricter regulations on credit safety limits and capital adequacy early next year were putting pressure on commercial banks to issue bonds in the final months of the year, experts said. The latest report from Saigon Securities Incorporation (SSI) released on Monday showed that banks continued to issue bonds worth nearly VND14.15 trillion (US$615.17 million) last month, bringing the total in the first eleven months of this year to VND94 trillion. The issuance made banks the main player in the corporate bond market in the period, accounting for 45.5 per cent of the market’s total bond value. In November, BIDV was among the largest bond issuers with VND8.6 trillion. The bank issued bonds worth a total of nearly VND12.82 trillion in the first eleven months with terms from six to ten years and variable rates to increase long-term … [Read more...] about Banks rush to issue bonds ahead of capital requirement deadline
Banking jobs recruitment 2018
About 70% of the physically challenged candidates who attended the job mela at the Andhra Loyola College landed jobs in 14 different companies on Sunday.The recruitment drive was organised by the College and Youth4Jobs, a skill training and placement firm for youth with disabilities. It was supported by A.P. State Skill Development Corporation and A.P. Differently-Abled & Senior Citizens Assistance Corporation (APDASCAC).The companies that recruited the candidates include Accenture, Kallam Textiles, Flipkart, Expert Solutions, Aegis and First Source.Over 100 candidates attended the recruitment drive and 70% of them landed jobs, according to ALC’s Higher Education for Persons with Special Needs (HEPSN) coordinator G. Sahaya Basakaran.Kallam Textiles alone recruited 14 candidates with hearing impairments. Candidates were recruited for the posts of data entry operators, office assistants, billing assistants, accountants, nursing assistants and others. Kallam Textiles … [Read more...] about Many challenged youth land jobs in mela at ALC
Professions linked with customized services becoming popular, says Zhaopin report New and unusual jobs are arousing the interest of young employees in China. Some of them have never been heard of by previous generations－home party manager, pet trainer, esports consultant, scalp therapist and photo-shooting tour planner, to name a few. It shows the Chinese service industry is undergoing a consumption upgrading as more customized services are created by the growing demands of customers and the booming internet, experts said. More than 90 percent of employees involved in emerging occupations in the service industry were born after 1980, of which half are from the 1990s and 22 percent were born after 1995, according to a report recently released by Chinese online recruitment platform Zhaopin and on-demand service provider Meituan Dianping, based on responses from 9,784 participants. Industries covered include catering, hospitality, entertainment, cosmetic medicine, training, … [Read more...] about Young employees turning to niche jobs
Globalisation is under attack. It was meant to be the unstoppable economic force bringing prosperity to rich and poor alike, but that was before the financial crisis ripped up the rulebook. For the past four years, international trade flows have increased more slowly than global GDP – “an outcome unprecedented in postwar history”, as analyst Michael Pearce of Capital Economics put it in a recent note. Crisis-scarred global banks are retreating from risky cross-border lending, and multinationals are casting a sceptical eye over foreign opportunities as geopolitical tensions simmer. Populist politicians in a string of countries, not least the UK, are playing on public fears about migrant workers undermining their pay. Global trade flows are still expanding: but they have never regained the breakneck pace of the 1990s and early 2000s. In the innocent days before the Great Recession, the dismantling of trade barriers between nation states often seemed inevitable. Yet more … [Read more...] about Borders are closing and banks are in retreat. Is globalisation dead?
The European Investment Bank has agreed to phase out its multibillion-euro financing for fossil fuels within the next two years to become the world’s first ‘“climate bank”. The bank will end its financing of oil, gas, and coal projects after 2021, a policy that will make the EU’s lending arm the first multilateral lender to rule out financing for projects that contribute to the climate crisis. The decision to stem the flow of capital into fossil fuel projects has been welcomed by green groups as an important step towards the EU’s aim to be carbon-neutral by 2050. The EIB, the world’s largest multilateral financial institution, described its decision as a “quantum leap” in ambition. “Climate is the top issue on the political agenda of our time,” said the bank’s president, Werner Hoyer. “We will stop financing fossil fuels and launch the most ambitious climate investment strategy of any public financial … [Read more...] about European Investment Bank to phase out fossil fuel financing