Coface Updates Sector Risk.
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Saudi Arabia's non-oil businesses recorded an increased activity in November. This came after the sector struggled in September to October. Compared to the previous month's PMI record of 53.2, the sector gained momentum as it recorded 55.0 in November.
Observing the overall stock markets, a report identified the five stock market sectors best for investment in 2017. Predicted to continue the upward trend and have lots of potential for profits are the automobile industry, building and construction, industrial machinery, toys sector, and water sector.
The government revealed its intention to invest in the country's early childhood sector. This move is in line with the government's aim to achieve sustainable educational development.
The Parliament passed the new VET Student Loans program with the aim to overhaul the vocational education sector which faced scandals over the past years. The new scheme is a replacement to the troubled VET FEE-HELP scheme.
The Caixin/Markit PMI revealed a slight drop on China's manufacturing sector for November, with a 50.9 index compared to October's 51.2.
Prime Minister Narenda Modi had scrapped off the Rs 500 and Rs 1,000 notes, hurting different sectors of the economy. The move resulted to decreased sales and slowed operations on sectors like automobiles, tourism, banking and e-commerce.
After the US Election and after Trump has won, the market especially the sector has been in total swirl and twirl as it rotates regularly.
South Africa Tourism Minister Derek Hanekom said in the Meeting Africa 2016 forum that the boost in tourism could benefit the local economy. Tourism has been increasing phenomenally in recent years as the government aims to invest more in the sector.
PSPIB and Segro partnered to form new venture.
