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LONDON: When much of the global economy locked down last year, insurers, facing estimated losses of more than US$100bil (RM410bil) globally, reached straight for their red pens to strike pandemic cover from all new business policies.
NEW YORK: The unprecedented oil inventory glut that amassed during the coronavirus pandemic is almost gone, underpinning a price recovery that’s rescuing producers but vexing consumers.
Consumption seen returning to pre-Covid levels by July
Success in containing pandemic key to economic progress
SEOUL: South Korea probably ended 2020 with less economic scarring than its developed peers and comparable income levels, as exports helped drive a recovery even with multiple waves of the coronavirus making consumers reluctant to spend.
Undoubtedly, the goods and services tax (GST) in Malaysia is a polarising issue. However, as noted by the OECD, Malaysia’s tax structure may need to be adapted for a post-Covid-19 era to restore public finances and fund future growth.
SEOUL: South Korea will take the smallest hit to growth of any advanced economy this year after it was able to limit the spread of the coronavirus without imposing severe lockdowns, according to the Organisation for Economic Co-operation and Development (OECD).
KUALA LUMPUR: US companies in Malaysia have resumed operations and are adjusting to the post Covid-19 recovery phase - with a focus on mitigating the risks that emerged while driving efficiency and productivity.
IT’S hard to find an investor who hadn’t already assumed some form of second wave of Covid-19 when economies reopen, so why did stock markets panic at the hint of a relapse last week?