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WITH the emergence of technology and changing customer behaviour, a new form of payment option, driven mainly by startups, is taking shape not only in Malaysia but globally.
CHINESE banks cut a key interest rate for long-term loans by a record amount, a move that would reduce mortgage costs and may help counter weak loan demand caused by a property slump and Covid lockdowns.
KUALA LUMPUR: KPS Consortium Bhd’s wholly-owned subsidiary, Hai Ming Marketing Sdn Bhd (HMMSB) has received the Money Lending Licence issued by the Registrar of Moneylenders of Housing and Local Government Ministry.
Philippines kicks off tightening cycle with first rate hike since 2018 and curb inflationary pressures
The Philippine central bank raised interest rates for the first time since 2018 on Thursday night (May 19), joining peers around world in a rush to stem intensifying inflationary pressures that could derail the country's economic recovery.
Japanese Prime Minister Fumio Kishida expressed resolve to continue economic cooperation with the Philippines during a telephone conversation on Friday with President-elect Ferdinand Marcos Jr, Japan's embassy in Manila said.
Emerging Asian equities and currencies gained after China cut a key lending rate to support the economy, and as the dollar and U.S. yields lost steam, while the Indonesian rupiah firmed after the government said it would lift an export ban on palm oil.
SHANGHAI: Asian shares jumped on Friday after China cut a key lending benchmark to support a slowing economy, but a gauge of global equities remained set for its longest weekly losing streak on record amid investor worries about sluggish growth.
KUALA LUMPUR: The FBM KLCI partially retraced earlier gains to end slightly higher at midday amid ongoing volatility in plantations stocks following Indonesia's scheduled lifting of its crude palm oil export ban.