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Economists divided on why central bank should maintain or cut rate
KUALA LUMPUR: OCBC Bank is expecting Bank Negara Malaysia (BNM) to turn more downbeat on the Overnight Policy Rate (OPR), noting a heightened chance of a rate cut of down to 1.5 per cent from the current 1.75 per cent in the upcoming meeting this Wednesday due to recent events.
THE pandemic dealt a fatal blow to many businesses last year yet the overall number of firms that went belly up defied expectations to fall to its lowest level in five years.
SINGAPORE, Jan 4 (Bloomberg): Singapore’s economy continued its slow recovery from the worst slump in the country’s history, with mainstays such as trade and tourism hammered by the coronavirus pandemic.
SINGAPORE: Singapore's economic contraction is expected to have moderated in the fourth quarter, as the city-state lifted more coronavirus-related curbs due to a drop in local infections.
SINGAPORE (The Straits Times/ANN): Hopes for a better 2021 are aplenty, but recovery for the labour market is likely to be protracted, experts say.
SINGAPORE (The Straits Times/ANN): Singapore's manufacturing output dropped for the first time in three months in October, with only the biomedical and precision engineering clusters seeing growth.
SINGAPORE (The Straits Times/ANN): Singapore’s economic growth will rebound in 2021 by the most in a decade, helped by a low base, but gross domestic product will probably not return to pre-Covid-19 levels until the end of next year.