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Realising the potential of a resilient Malaysia
TWENTY twenty was truly exceptional. What many envisioned as the year of transformation for Malaysia unfolded into an annus horribilis of economic contraction, exposed systemic issues and the vulnerable made more fragile by the Covid-19 pandemic.
Oil edges higher, but posts 20% annual drop in tumultuous 2020
NEW YORK: Global crude prices edged higher on Thursday but lost more than a fifth of their value in 2020, as lockdowns to combat the novel coronavirus depressed economic activity and sent oil markets reeling.
Concerns looming over larger economic impact
BANGKOK: The Bank of Thailand (BoT) has listed three concerns for economic recovery now that Thailand and other countries have been hit by a new surge in Covid-19 cases.
O&G to make gradual recovery
Brent crude oil prices likely to hover around US$45 to US$60 per barrel
Buffett says Congress must help small businesses
NEW YORK Warren Buffett said on Tuesday the United States is fighting an "economic war, " and that Congress must step up quickly to help struggling small businesses that have become "collateral damage" in the coronavirus pandemic.
A historic oil price collapse
NEW YORK: This year was like no other for oil prices. Even as global prices end the year at about US$51 a barrel, near the average for 2015-2017, it masks a year of volatility.
EU signals support to complete China investment deal
EUROPEAN Union governments signaled support on Monday for completing work on a long-sought agreement with China to open the Chinese market further to EU investors, bringing closer a major economic and political victory for both sides.
Baht’s rally stalls as Thailand battles virus pandemic fallout
BANGKOK: A tug-of-war is building for Thailand’s baht as concern about the nation’s virus outbreak counters the support from its current-account surplus.
Japan factory output growth stalls after rising for five months
TOKYO: Japan’s industrial output growth stalled in November after rising for five months, underscoring the fragile nature of the global economic recovery due to a recent resurgence in Covid-19 infections.
Vanguard wins ETF flow war as state street slips further behind
NEW YORK: There’s a new champion in the battle for bragging rights atop the US$5.3 trillion exchange-traded fund industry, while a familiar laggard is seeing its slice of the US market shrink toward a record low.