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BEIJING (Bloomberg): China revised down its official GDP growth rate for 2019 to 6 per cent from 6.1 per cent, mainly due to a lower estimate for manufacturing output, a change that will make it slightly easier for officials to report economic expansion this year.
KUALA LUMPUR: UEM Sunrise Bhd is selling 169.8 acres of industrial plots in Iskandar Puteri to AME Elite Consortium Bhd’s subsidiaries for RM434.30mil under a proposed strategic collaboration between the two companies.
Millions of sidelined motorcycle taxi drivers in Indonesia are bracing for a long recovery as the country’s coronavirus outbreak shows no signs of abating.
HANOI (Vietnam News/ANN): Representatives from Vietnam and the United Kingdom signed a free trade agreement between the two countries in London on Dec 29.
KUALA LUMPUR: Bursa Malaysia was higher at midday on Wednesday, with steady buying seen in smaller capitalised stocks, as investor sentiment perked up following the better showing by key Asian markets.
The writer Hendi Yogi Prabowo says that economic pressures have tempted officials authorised to manage government aid to abuse their authority to enrich themselves.
TOKYO: The dollar slumped to multi-year lows against many currencies on Wednesday as currency traders looked past a new delay in U.S. stimulus cheques and maintained bets additional financial aid was still likely.
HONG KONG (AFP): Asian markets mostly enjoyed more gains Wednesday (Dec 30) following the previous day's advances, with vaccine and economic recovery optimism helping investors look past a frightening surge in virus cases around the world.
LOS ANGELES (Reuters) - Strict stay-at-home orders were renewed indefinitely on Tuesday for much of California, a leading U.S. hot spot of the COVID-19 pandemic, as the state's top health official said that many hospitals were teetering on the brink of crisis.
NEW YORK (Bloomberg): Economic shocks like the coronavirus pandemic of 2020 only arrive once every few generations, and they bring about permanent and far-reaching change.