Japans manufacturing index on a 3 month high, PMI
The Dollar Business Bureau Japan has secured new orders, prompting a 3 month manufacturing high in May supported by stronger increases in output, a survey reported. This is a clear sign that its economy is gaining in momentum in the second quarter of 2017. Japan Manufacturing Purchasing Managers Index rose to 53.1 in May stronger than the readings 52.0 and 52.7 recorded in April. This was the highest level recorded since February the survey said. Improvement in operating conditions has been linked to accelerated rises in both manufacturing output and new orders. This has prompted Japanese companies to increase hiring since production increased for the tenth consecutive month. Companies are reported to have said, that growth was supported by a demand both domestically as well ...
Min of Commerce, World Bank discuss ease of doing business rankings
The Dollar Business Bureau The Ministry of Commerce had discussions with the officials of the World Bank in Washington, conveying its concerns over the methodology used by the Bank in ranking countries in terms of ease of doing business. The index rates the top economies among 189 countries. The commerce ministry was joined by officials from the Department of Industrial Policy and Promotion (DIPP) in its discussions. DIPP secretary Ramesh Abhishek shared in a tweet that the detailed interaction with the team in Washington DC resulted in creating better awareness about reforms in India. "The Bank team also sensitized on various concerns on methodological and other issues. All departments/agencies made excellent presentations," Abhishek quipped in his tweet. The annual ratings exercise has been a ...
IT-BPM industry to slow down its hiring this year
The Dollar Business Bureau The Indian IT-BPM industry could continue to witness a fall in hiring this year, largely due to automation of customary processes in the industry, Nasscom predicted on Thursday. “Fresh hiring is static or is generally declining. Due to automation, we are not hiring at same pace,” said R Chandrashekhar, President, Nasscom. Chandrashekhar noted that although hiring is currently low, the IT-BPM industry would need about 1.2 -2 million additional staff to meet the industry’s set revenue target of $100 billion by 2025. The industry currently employs 3.7 million people, and it would need to up-skill 60-70% of its staff by 2025 to keep pace with the technological advancement undertaken across all industries, he said at the 13th Nasscom HR Summit 2016. “Employees in this ...
Global CEOs bullish on biz growth, hiring prospects over 3 yrs
Source: PTI Global CEOs are confident about the growth prospects of their businesses over the next three years and 80 per cent of them have bullish hiring outlook for this period, says a KPMG study. According to a study released by KPMG International, chief executives of global businesses are confident about the ability of their companies to grow over the next three years and are expressing confidence about the prospects for the global economy. “The overall message we've gotten from CEOs around the globe, is that they are positive about their prospects over the next three years, and importantly that they are looking to hire more people,” KPMG International Global Chairman John Veihmeyer said. Most importantly, CEOs globally are set to ...
