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WASHINGTON DC: The International Monetary Fund approved the disbursement of US$488mil to Angola and reiterated its confidence that Africa’s second-biggest oil producer will rein in public debt to sustainable levels.
MANILA: The worst is over for the pandemic-hit Philippine economy, and a “remarkable rebound” is expected this year, according to the central bank chief, adding that the current accommodative monetary stance is sufficient for a revival in growth
BEIJING: Macroeconomic observers see China maintaining a moderate and consistent monetary policy this year.
Rate likely to be reduced by 25 basis points to 1.50%
PETALING JAYA: The fresh round of movement restrictions in Malaysia is expected to slow the country’s economy and weigh on corporate earnings in the first quarter of 2021. But analysts view the setback as temporary, and they are optimistic that the impact will be more manageable this time around.
KUALA LUMPUR: CGS-CIMB Equities Research estimates the daily economic losses due to the second round of Malaysia’s Movement Control Order (MCO), which takes effect from Jan 13 to 26, at RM750mil.
KUALA LUMPUR: OCBC Bank Research expects Bank Negara Malaysia to likely reduce the Overnight Policy Rate (OPR) by 25 basis points to 1.50% at its Jan 20 monetary policy committee meeting due to the weaker economic outlook.
WHILE little exists intrinsically to judge the fair value of a digitized currency, comparing Bitcoin to other high-momentum assets of the past shows how heated its rally has become -- why it’s vulnerable to swoons like Monday’s.
WASHINGTON: Two senior House Democrats overseeing aviation issues urged the head of the Federal Aviation Administration on Monday to work with U.S. airlines to prevent civil unrest from jeopardizing safety, according to a letter seen by Reuters.