Money Briefs: Creating jobs in Asia via key development goals

Creating jobs in Asia via key development goals

BANGKOK • Businesses in Asia could unlock at least US$5 trillion (S$6.9 trillion) in market opportunities and create 230 million jobs by 2030 by implementing a few key development goals, global business and finance leaders said.

Asia's unprecedented economic growth has helped to reduce poverty but future growth, prosperity and stability "are all under threat from the impact of a swelling list of environmental and social burdens", according to a report released on Monday by the Business and Sustainable Development Commission.

Asia is extremely vulnerable to weather-related disasters, which could worsen as a result of climate change.

REUTERS

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Steepest drop in London home rents in 8 years

LONDON • The cost of renting a home in the United Kingdom capital fell the most in eight years last month as a glut of rental properties came onto the market, and affordability issues led Londoners to seek cheaper accommodation.

The average monthly rent paid last month for new lettings in Greater London was £1,502 (S$2,680), a 3 per cent decline from a year earlier, HomeLet, the UK's largest reference-checking and rentals insurance company, said in a statement yesterday yesterday.

Rents across the UK fell 0.3 per cent from a year earlier, the first annual decline since December 2009, according to the data.

BLOOMBERG

A version of this article appeared in the print edition of The Straits Times on June 07, 2017, with the headline 'Money Briefs'. Print Edition | Subscribe