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JAKARTA, Jan 18 (Reuters): Indonesia's central bank will likely keep interest rates steady on Thursday but could cut them as early as the first quarter of 2021 as the country continues to grapple with the fallout of the Covid-19 pandemic, a Reuters poll showed on Monday.
PETALING JAYA: Malaysia’s overnight policy rate (OPR) has been at its all-time low at 1.75% since July last year as Bank Negara’s Monetary Policy Committee (MPC) sought to accelerate economic recovery post movement control order (MCO).
PETALING JAYA: The government does not expect the second movement control order to have a similar economic impact to the first MCO in March last year as economic activities have been allowed to operate this time, says Tan Sri Muhyiddin Yassin.
KUALA LUMPUR: Tan Sri Muhyiddin Yassin expects the impact of the current Movement Control Order (MCO) on the economy to be manageable as growth will continue to be supported by strong exports sector and the global trade recovery.
At the heart of the trio of phones in the range – Galaxy S21, S21+ and S21 Ultra – is the new Exynos 2100 processor built from the ground up using an advanced 5nm (nanometer) process.
PETALING JAYA: Prime Minister Tan Sri Muhyiddin Yassin has announced the "Perlindungan Ekonomi dan Rakyat Malaysia (Permai)" assistance package worth RM15bil on Monday (Jan 18).
China’s rich spent US$54 billion at home on luxury goods last year with coronavirus halting overseas trips
Sales of luxury goods in China soared 48 per cent last year to 346 billion yuan (US$53.5 billion) with overseas travel virtually impossible due to the coronavirusChina’s 1.58 million high net worth families, with at least 10 million yuan of investible assets, had an average annual household expenditure of 1.75 million yuan last year
SYDNEY: Asian shares pared early losses on Monday as data confirmed China's economy had bounced back last quarter as factory output jumped, helping partially offset recent disappointing news on U.S. consumer spending.
BEIJING, Jan 18 (Reuters): China's economy grew at a faster-than-expected pace in the fourth quarter of last year, ending a rough coronavirus-striken 2020 in remarkably good shape and remained solidly poised to expand further this year.
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.