KUALA LUMPUR (April 19): Allianz Malaysia Bhd has pledged to support the #RasuahBusters movement in empowering the society to reject corrupt practices.
Its chief executive officer Zakri Khir said through the “Kami Anti Rasuah” slogan, it was time for corporates and individuals to reject all forms of graft and demand greater accountability from those in positions of power.
“Corruption exists in every society and industry including insurance. The fight against corruption desperately needs momentum and commitment.
“Through our involvement with Rasuah Busters, we hope to make a collective stand in rejecting all forms of corruption; to lend our voice towards fighting corruption and pave the way as industry leaders so that others may follow suit,” he said at the Allianz Malaysia and Rasuah Busters Collaboration launch today.
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Brief Analysis
Whoever winds up spearheading the reconstruction effort, Washington should stay on top of them to ensure that international prerequisites for reform and monitoring are enforced and to keep China from exploiting Lebanon’s struggles.
On April 8, a delegation of German companies presented the Lebanese government with an initiative to underwrite reconstruction of Beirut port. The proposal had been mentioned days earlier by German diplomats, who indicated that it would be contingent on Lebanon’s formation of a new government and implementation of reforms. Rebuilding the port is critical to the state’s recovery its destruction last August was the coup de grace to Lebanon’s already teetering economy, triggering massive currency devaluation, hyperinflation, and an unemployment spike. A major shortage of much-needed consumer goods followed as well, since the devastated site had been the entry point for 80 percent of the state’s imports.
Nigeriaâs Oil Curse Could Become an Opportunity
Apr 08 2021, 5:33 AM
April 08 2021, 3:30 AM
April 08 2021, 5:33 AM
(Bloomberg Opinion) Third in a four-part series on oil-dependent economies and their transition to a zero-carbon future. Read part one on Saudi Arabia here and part two on Russia here. Part four, on Canada, will be published tomorrow.
(Bloomberg Opinion)
Third in a four-part series on oil-dependent economies and their transition to a zero-carbon future. Read part one on Saudi Arabia here and part two on Russia here. Part four, on Canada, will be published tomorrow.
Oil can be both a blessing and a curse. In Nigeria, it has mostly been the latter.
Oil can be both a blessing and a curse. In Nigeria, it has mostly been the latter.
Just a decade after crude was first discovered in 1957, it was already tearing apart the young country in civil war.
Production has never far exceeded the 2.3 million barrels a day hit in 1979, and won’t in the foreseeable future.
Nigeria’s oil output was insufficient to spark a Middle Eastern-style economic miracle back then; now, with a population three times larger, it’s woefully inadequate.
Imagine a Nigeria where oil had never been discovered, and it’s not clear its economic picture would be any worse now. Ghana and Cote d’Ivoire, neighbors less blessed with oil wealth, have been pulling ahead in terms of per-capita gross domestic product in recent years.