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KUALA LUMPUR: Although Malaysia has made considerable progress in the application of financial technology (fintech) towards financial inclusion, the government will consider reviewing its existing policies to address several issues in the sector, says Deputy Finance Minister Mohd Shahar Abdullah.
KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has assigned a preliminary rating of A+IS to Sunsuria Bhd’s proposed RM500mil Sukuk Wakalah programme. The rating outlook is stable.
KUALA LUMPUR: Malaysia’s bond market is a key source of fund raising for corporates, with corporate bonds constituting RM714bil of the outstanding amount as at Sept 30, 2020.
SHANGHAI: Shanghai tops 35 major Chinese cities in consumption expenditures per capita in 2019, with 45,605 yuan (US$6781.46) spent, followed by the three other first-tier cities of Shenzhen, Beijing and Guangzhou.
MANILA: Philippines President Rodrigo Duterte has lifted the moratorium on petroleum exploration in the South China Sea, paving the way for three projects to resume, including a possible joint venture with China.
SIAK, Indonesia: Setiono Ono pauses his morning wildfire patrol near the northeastern coast of Sumatra island at a small timber dam between a logged area and an oil palm plantation.
ZURICH: Robots will destroy 85 million jobs at mid-sized to large businesses over the next five years as the COVID-19 pandemic accelerates changes in the workplace likely to exaggerate inequalities, a World Economic Forum (WEF) study has found.
HANOI: AES Corp will sign a deal with PetroVietnam Gas to develop a US$2.8bil liquefied natural gas (LNG) import terminal and a power plant in Vietnam, according to US secretary of state Mike Pompeo.
Apart from labelling the global banking Basel Accords as an “old people’s club, ” Ma said “systemic risk” is not the issue in China. Rather, China’s biggest risk is that it “lacks a financial ecosystem.”