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Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Tuesday (March 16)
Bursa Malaysia is expected to trade in a cautious tone next week as investors track the US bond yields performance and the People's Bank of China (PBoC) meeting outcome.
SHANGHAI: China's benchmark lending rate is expected to stay steady for the 11th straight month at its March fixing on Monday, a Reuters survey showed, as authorities show no rush to tighten policy even as the economy builds on a post-pandemic recovery.
BEIJING (Xinhua): The People's Bank of China, the central bank, will not make any major policy shifts this year and will instead deploy more financial resources to support the real economy, a senior official said ahead of the official release of broad money supply and credit growth, both of which surged in February.
KUALA LUMPUR: The ringgit opened flat against the dollar Wednesday, as investors stayed on the sidelines, awaiting fresh local catalysts.
Shenzhen’s cross-border yuan payments rose 46 per cent to 2.5 trillion yuan (US$386 billion) last yearThe rise bodes well for Beijing in its efforts to boost the use of the currency in international transactions
BEIJING (China Daily/ANN): China will support the efforts made by the G20 members to forge an international deal on digital taxation by the middle of this year and expects it to help the digital economy develop in an open and fair manner, a top government official said.
China’s ‘two sessions’: leaders must decide whether to scale back economic stimulus as other risks loom
World’s second-largest economy rolled out huge economic relief last year, but domestic debt and ‘grey rhino’ risks could threaten China’s financial systemChina is expected to set an economic growth target of about 6 per cent for 2021, but some say it should skip setting a numeric goal for second consecutive year
BEIJING (China Daily/ANN): China has joined a multilateral central bank digital currency project in Asia for real-time cross-border transactions like cross-border fund transfers, international trade settlements and capital market transactions, amid renewed global efforts to promote the use of digitalised legal tenders.