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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.
WILMINGTON, Del./WASHINGTON: U.S. President-elect Joe Biden is expected to tap former Federal Reserve Chair Janet Yellen as U.S. Treasury Secretary, putting a woman in the job for the first time, according to two Democratic allies.
GEORGE TOWN: The Northern Corridor Implementation Authority (NCIA) has praised Budget 2021’s effort to give priority to Malaysians’ well-being and emphasis on reviving the national economy.
PETALING JAYA: Under Budget 2021, measures were announced to stop the tobacco black market and disrupt the supply of illegal cigarettes which have resulted in billions in lost tax revenue.
JAKARTA: The United States has praised the Indonesian government’s effort in addressing the issues of regulatory roadblocks, corruption and non-transparency in the business sector as it seeks to strengthen economic ties with the archipelagic country.
SHENZHEN, China: Shenzhen will strengthen property rights and protection of entrepreneurs, China's President Xi Jinping said Wednesday in a speech to marking the establishment of the country's first economic zone in the southern city four decades earlier.
MEXICO CITY: SoftBank-backed used-car platform Kavak has become Mexico’s first tech “unicorn” after reaching a US$1.15bil valuation in its latest funding round last month, chief executive Carlos Garcia told Reuters.
JAKARTA: An Indonesian parliamentary committee overseeing the drafting of a central bank law amendment yesterday heard recommendations from experts who called for the expansion of Bank Indonesia’s (BI) mandate, but insisted it must remain independent.
THE growing likelihood that Yoshihide Suga will succeed Shinzo Abe as Japan’s new premier may be a mixed blessing for the country’s central bank.