Posts Categorized: Syndicated News

Manufacturing sector sees weakest growth since August

Activity in the country’s manufacturing sector grew for the tenth month in a row in December. The NCB Manufacturing Purchasing Managers index stood at 51.4 last month. This was down from November’s reading of 52.4 but still above the key level which signifies expansion.

Business activity gets stronger but firms cautious about future

Irish business activity strengthened over the final months of the year but firms remain cautious about what’s coming down the road, a survey has found. The winter KBC Bank Ireland/Chartered Accountants Ireland Business Sentiment study found that businesses were hesitant to ramp up spending and to take on new staff next year.

New Property Tax Bill gives Revenue more powers

The Government has published the Finance (Local Property Tax) Bill 2012, to give effect to the property tax announced in the budget. The new Bill is expected to be brought through the Dáil towards the end of next week. The Bill establishes who is liable to pay the new tax and how much they will… Read more »

Bank of Ireland set for return to bonds market

Bank of Ireland is set to become the first bailed-out bank to return to the bond markets, after saying it plans to raise funds secured on some of its pool of Irish mortgages. Bank of Ireland is set to become the first bailed-out bank to return to the bond markets, after saying it plans to… Read more »

Government to focus on small firms in EU presidency role

TheGovernment will put growth and competitiveness “at the top of the agenda” when it takes over the EU presidency, Jobs Minister Richard Bruton said yesterday. Speaking at an EU conference for small and medium enterprises in Dublin, Mr Bruton said the union would rely on small firms to drive future growth.

Markets sceptical over ‘cumbersome’ bailout fund

European Central Bank (ECB) governing council member Ewald Nowotny has admitted markets are sceptical about the new European rescue fund, because of cumbersome decision-making. Austria’s Nowotny said he sees scepticism about how quickly funds from the European Stability Mechanism (ESM) can be deployed when they are needed.