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SAN SALVADOR (Reuters) - El Salvador has become the first country in the world to adopt bitcoin as legal tender after Congress approved President Nayib Bukele's proposal to embrace the cryptocurrency.
HONG KONG: Cathay Pacific Airways Ltd said yesterday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8bil (US$1.01bil or RM4.16bil) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.
NEW YORK: (Bloomberg) -- Goldman Sachs Group Inc inked a partnership with Visa Inc as it builds out its newly formed transaction-banking arm.
MILLIONS across Asia have lost their jobs since the Covid-19 pandemic broke out early last year. One year on, the uneven and weary path to economic recovery continues to cast a shadow on the prospects of the labour market.
PETALING JAYA: The banking sector’s loan growth is expected to hover between 4% and 5.2% this year, underpinned by improvement in economic activities from wider vaccination rollouts.
KUALA LUMPUR (Bernama) -- AirAsia X Bhd (AAX) has received approval from its shareholders for the proposed corporate restructuring to progress as planned, following the voting process at the AAX extraordinary general meeting today.
SHANGHAI: The May 20 global launch of a new environmental, social and governance (ESG) bond index simultaneously in Beijing and Luxembourg will increase transparency in the domestic green bond market and improve the level of internationalisation of the market, industry professionals said.
TAIPEI: Taiwan’s parliament has approved an extra 420 billion new Taiwanese dollars (US$15.20bil or RM62.87bil) in stimulus spending to help the economy deal with the Covid-19 pandemic, as the island curbs business activity to counter a spike in domestic infections.
A strengthening world recovery from the Covid-19 pandemic risks leaving behind many regions, fuelling inequalities across and within borders, the Organisation for Economic Cooperation and Development (OECD) said.
CGS-CIMB Equities Research estimates the two-week “total lockdown” Phase 1 will entail aggregate capacity cuts of 25% of GDP or economic losses of RM1bil a day, milder than MCO 1.0 (RM2.4bil a day) in March last year.