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KUALA LUMPUR: The world production of four vegetable oils, namely palm oil, sunflower oil, soybean oil and rapeseed oil, is expected to increase by about seven million tonnes for the 2021/2022 period, the biggest growth in four years, according to Oil World.
Moody’s Analytics upbeat on AsiaPac, including Malaysia as travel curbs ease, stronger domestic demand
KUALA LUMPUR: Moody’s Analytics is more positive on Asia-Pacfic economies as movement controls ease while there is stronger domestic demand in these countries, also pointing outfactories in Malaysia ramp up production and benefits from commodity exports.
BENGALURU: The Federal Reserve will wait until 2023 before raising interest rates, according to a majority of economists in a Reuters poll who nonetheless said the greater risk for the U.S. economy was persistently higher inflation over the coming year.
PETALING JAYA: As the economy picks up steam in the current quarter, banking sector earnings are expected to extend their recovery going into 2022 while loan growth is set to be fuelled by household loans.
PETALING JAYA: Fujitsu is optimistic that there will be plenty of technological opportunities to leverage on in the post-Covid-19 era.
KUALA LUMPUR: The Malaysian telecommunications sector is expected to grow 9% year-on-year to RM5.23bil in 2021, driven by top-line growth from fixed-line players.
LONDON: SoftBank Group Corp chief operating officer Marcelo Claure has advocated for a spinoff of the company’s Latin American investment fund, putting him at odds with founder Masayoshi Son, who disagrees with the move, according to people familiar with the discussions.
BEIJING: China Evergrande Group’s onshore real estate unit has yuan bond interest due today, in another test for the beleaguered property developer whose debt crisis threatens the outlook for Asia’s biggest economy.