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BANDAR SERI BEGAWAN, Jan 2 (Borneo Bulletin/ANN): The domestic economy grew by 2.6 per cent year-on-year in the first half of 2020, Autoriti Monetari Brunei Darussalam (AMBD) stated in its bi-annual policy statement for the second half of 2020.
FOR sure, 2020 is a year we would all like to forget. The Covid-19 pandemic has taken more than 1.75 million lives around the world, more than 20,000 Indonesians among them, and the fear it has caused has cast a pall over the world.
KUALA LUMPUR: Bank Negara Malaysia has issued a policy document on licensing framework for digital banks following a six-month public consultation.
(Reuters) - Activist hedge fund Third Point LLC is pushing Intel Corp to explore strategic alternatives, including whether it should keep chip design and production under one roof, according to a letter it sent to the company's chairman on Tuesday that was reviewed by Reuters.
BEIJING (China Daily/ANN): China's financial watchdogs have required Ant Group, the financial technology arm of the country's e-commerce giant Alibaba, to rectify its major business lines to comply with laws and regulations, in order to ensure fair market competition and protect consumers' due interests, according to the central bank on Sunday (Dec 27).
Writer Michael Spencer says that it will be important that the government transition quickly from Covid-19 emergency stimulus back to the forward-looking policy stance of 2019.
BEIJING: China has asked state-owned financial institutions to remain focused on their main business and eliminate unnecessary operational hierarchies, while stepping up efforts to prevent risks from the inappropriate transactions of affiliates and false capital injection, according to the Finance Ministry.
BEIJING (China Daily/ANN): China has asked state-owned financial institutions to remain focused on their main business and eliminate unnecessary operational hierarchies, while stepping up efforts to prevent risks from the inappropriate transactions of affiliates and false capital injection, the Ministry of Finance said on Wednesday (Dec 16).
NEW YORK: US and global stocks hit record highs on Wednesday as growing hopes of deals on U.S. fiscal stimulus and Brexit and the Federal Reserve's pledge to keep its benchmark interest rate near zero offset concerns over the economic impact of COVID-19