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TODAY, the world’s financial rhythm remains American. The US dollar assumed the role of the world’s dominant reserve, payment and settlement currency after WWII. The country’s position as the sole financial superpower gives it extraordinary influence over the destinies of nations
JOHANNESBURG: Mining on the sea floor should not begin before a full assessment of likely environmental impacts can be made, a report commissioned by the High Level Panel for a Sustainable Ocean Economy (Ocean Panel) said on Wednesday.
PETALING JAYA: To turn financial technology (fintech) into a competitive advantage, companies should go beyond digitalisation, that is, the implementation of digital technologies, and embrace digital transformation, that is, digitalisation and organisational changes, says Yen Teik Lee, assistant professor of finance at Asia School of Business & International Faculty Fellow at MIT.
SINGAPORE: More traditional companies in Hong Kong and Singapore are set to benefit from a “new business cycle” globally, as their economies recover from the pandemic, according to Citigroup Inc’s private-banking arm.
WASHINGTON: With a full three months of responding to a global pandemic under their belt, United States Federal Reserve (Fed) officials have united around one point: lasting progress on the economic front will be dictated by success in containing the spread of the coronavirus.
HONG KONG: China's plans to impose national security legislation in Hong Kong are expected to lead to the flight of capital and talent from the Asian financial hub, bankers and headhunters said.
PETALING JAYA: The Phnom Penh Court has granted a judgement against Parkson Holdings Bhd’s Cambodian unit, Parkson (Cambodia) Co Ltd (PCCO), to pay damages amounting to US$144.50mil (RM630mil) for terminating a lease agreement with Hassan (Cambodia) Development Co Ltd (HCDC)
KUALA LUMPUR: Singapore-listed Parkson Retail Asia Ltd's (PRA) Cambodian unit has been ordered to pay US$144.50mil as damages to Hassan (Cambodia) Development Co., Ltd as rental fee over the whole period of the lease under the agreement.
Provide a legal ‘shield’ to Covid-19 events. Time-freeze and temporarily suspend contractual convenants to avoid legal entanglements,
KUALA LUMPUR: Sectors hit hardest by the COVID-19 pandemic are likely to see the strongest recovery as pent-up demand is released and production ramps up, but this is provided the supply chain is fixed, according to a report by Baker McKenzie and Oxford Economics.