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China's economy picks up speed in Q4
BEIJING: China's economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and remained poised to expand further this year even as the global pandemic raged unabated.
Philippine banks' virus rebound to be faster than post-Asia crisis
MANILA, Jan 18 (Bloomberg): Philippine banks will recover faster from the impact of the coronavirus pandemic than they did from the Asian financial crisis due to record-low interest rates, higher capital and a stable economy, the head of the nation’s bankers group said.
Last week's news summary (Jan 11 - 17)
PETALING JAYA: From BPN 2.0 payments to BitCoin plunges, check out The Star's top stories from Jan 11 to Jan 17,2021.
China economy grows 2.3% in 2020 as rebound from virus gains
BEIJING, Jan 18 (AP): China’s economy grew 2.3% in 2020 as a recovery from the coronavirus pandemic accelerated while the United States, Europe and Japan struggled with disease flare-ups.
Ringgit dips as greenback rises on safe haven demand
KUALA LUMPUR: The ringgit opened slightly lower vis-a-vis the US dollar on Monday due to the strengthening of the greenback as a safe-haven demand for the currency among investors kicked in.
Bank stocks fall on speculation over further OPR cut
KUALA LUMPUR: Bursa Malaysia opened the week lower, led by a fall in bank stocks as speculation over a further interest rate cut by Bank Negara weighed on sentiment in the sector.
Stricter rules for India shadow banks likely
NEW DELHI: India’s central bank is likely to propose tightening rules on “shadow banks” in a bid to strengthen solvency and sustainability of a sector that has been showing signs of stress in recent years, two sources said.
Price stability is key priority for China’s central bank
BEIJING: China’s inflation is likely to see moderate growth this year, but a consistent pickup is unlikely, given the constrained consumption of services, a senior central bank official said.
The week ahead - Bank Negara, China data, BoJ,
THE week opens with Bank Negara’s decision on the overnight policy rate (OPR). The monetary policy committee (MPC) of Bank Negara is expected to meet on Wednesday.
Ringgit may test psychological level of 4.00 against US dollar
PETALING JAYA: The ringgit may test the psychological level of 4.00 against the US dollar next week amid anticipation that Bank Negara would maintain the overnight policy rate at 1.75% at its meeting on Wednesday.
