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PHNOM PENH: Due to the Covid-19 (coronabvirus) pandemic, Cambodia's economy in 2020 is expected to register its slowest growth since 1994, contracting by between -1 percent and -2.9 per cent, according to the World Bank's latest Economic Update for Cambodia released on Sunday (May 30).
NAY PYI TAW: Myanmar's parliament has approved to receive US$200mil loans from the International Development Association (IDA) of World Bank to help farmers under the country's National Food and Agriculture System Project.
India quarterly growth worst in two decades as lockdown bites - Covid-19 cases surpass 170,000, death toll at 4,971
NEW DELHI: The total number of Covid-19 (coronavirus) cases in India surpassed 170,000-mark, reaching 173,763 on Saturday (May 30) and the death toll stood at 4,971, said the data issued by the federal health ministry.
MANILA: The World Bank Group approved a US$500 million loan for the Philippines to help it cope with the economic impact of the novel coronavirus pandemic, the Bank said
AMID a short working week due to Memorial Day, the US dollar witnessed a sell-off, losing 1.48% to 98.38, underpinned by global risk-on sentiment – which led to robust buying in the equity space with the Dow Jones rising 3.8% week-on-week (w/w) to 25,401 while the S&P 500 climbing 2.5% w/w to 3,030.
Developers have been using an overall headline price in the sale and purchase agreement (SPA) as opposed to the real price.
WHILE millions of Americans were losing their jobs, the stock market in April produced its best monthly return in over 30 years.
PETALING JAYA: Hong Leong Bank Bhd (HLB) has posted a lower net profit of RM534.7mil in the third quarter ended March 31, against RM633.8mil in the same period last year, due to operating expenses and allowance for impairment losses.