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Better than you think
OVER the recent holidays. I met up with many friends, most wearing a protective face mask in a rather relaxed observance of social-distancing guidelines.
IMF to disburse US$488mil to Angola
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.
Stability remains watchword for monetary policy in 2021
BEIJING: China’s monetary authorities will maintain consistent policies and ensure financial stability in 2021, leaving space for conventional measures to fuel robust economic growth, according to analysts.
Concern about applying tariffs on Vietnamese exports
HANOI: In December 2020, the US Trade Representative (USTR) office organised a hearing to gather opinions from US businesses and organisations regarding suspicions that Vietnam’s increasing trade surplus with the US was caused by deliberate undervaluation of the Vietnamese dong.
Realising the potential of a resilient Malaysia
TWENTY twenty was truly exceptional. What many envisioned as the year of transformation for Malaysia unfolded into an annus horribilis of economic contraction, exposed systemic issues and the vulnerable made more fragile by the Covid-19 pandemic.
Russia to scale down state support for the economy
MOSCOW: Russia will scale down its state support of the economy in 2021, eyeing rising costs on servicing burgeoning state debt in the fallout of its response to the Covid-19 pandemic and the collapse of oil prices, Finance Minister Anton Siluanov said.
Currency devaluation may not be enough to salvage sinking economy
BAGHDAD: Iraq’s currency devaluation will add inflation to the list of hardships facing a population recovering from a devastating war with Islamic State.
Global economic outlook for next year
IT will be Christmas in a few more days and then 2021 begins. At this time, the globally economic outlook doesn’t look so good. Slowly but surely, the Covid-19 pandemic is taking its toll.
Global lenders raise pressure on Nigeria to reform currency
ABUJA: The International Monetary Fund (IMF) and World Bank have intensified calls on Nigeria to speed up currency reforms without which Africa’s largest economy may fail to achieve the growth it needs to prevent millions more from falling into penury.
China’s economy set to remain on steady keel
BEIJING: China will maintain the consistency, stability and sustainability of its macro policies and strive to keep its economic performance within a reasonable range, premier Li Keqiang said on Tuesday.
