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BATU KAWAN: Malaysia’s economy is on the right track for recovery in 2021, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
NEW YORK: Some investors are worried the U.S. response to the coronavirus pandemic is dealing a body blow to the dollar, potentially accelerating what has so far been a slow erosion in the greenback's status as the world's dominant reserve currency.
RECENT decades have been glorious for developing countries, where rapid growth has lifted millions of their citizens out of crushing poverty. But the coronavirus pandemic is threatening to halt their gains. And in the long term, the decline of the United States may pose an even bigger obstacle for developing nations.
A global trend toward “de-dollarisation” has already begun. The last piece of “load-bearing wall” of the “US Empire State Building” has cracked, in other words
WASHINGTON: The International Monetary Fund is exploring additional tools to provide financing to the world's poorest countries and others hit hard by the coronavirus pandemic, Managing Director Kristalina Georgieva said on Saturday.
CONVENTIONAL wisdom has it that the Covid-19 pandemic started to spread from Wuhan, China.
Although the Coronavirus recession has started to rear its ugly head everywhere, including in Malaysia, it is not expected to leave a wound as deep as that which was left by the Asian Financial Crisis (AFC) of the late 1990s.
KUALA LUMPUR: Foreign buyers made a strong return to the Malaysian bond market in June as they mopping up RM11.6 bil in domestic bond securities, according to RAM Ratings.