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RInggit opens lower on lack of buying interest
KUALA LUMPUR: The ringgit opened lower against the US dollar today on lack of buying interest ahead of Malaysia's fourth-quarter gross domestic product (GDP) data which is due to be released tomorrow, said an analyst.
Islamic finance industry growing
KUALA LUMPUR: The global Islamic capital market’s growth next year is hinged on the pace of policy revisions by major central banks and stable sukuk issuances, says Standard and Poor’s Global Ratings Islamic Finance global head Mohamad Damak.
Analysis-Colombia's Duque likely to get tax reform, but little else, in final year
BOGOTA (Reuters) - Colombian President Ivan Duque looks likely to win approval for a long-delayed tax bill in his final year in office, but other unpopular reforms have little chance to pass a divided congress, analysts and lawmakers say.
M&T Bank to acquire People’s United in a US$7bil deal
NEW YORK: M&T Bank Corp is set to acquire People’s United Financial Inc in an all-stock deal valued at more than US$7bil, according to a person familiar with the matter.
Strengthen reforms, transparency
AmBank Research said that the downgrade from A- ratings highlights the need to further strengthen Malaysia’s reforms, transparency and inclusiveness.Financial markets not likely to be affected by rating
Philippine central bank okays govt US$5.6 bil in foreign loans to fund pandemic fight
MANILA, Aug 17 (Philippine Inquirer/ANN) - The central bank has approved a large batch of foreign loans meant to help fund the government’s fight against the coronavirus pandemic, but the regulator was quick to point out that the country’s debt profile remains favorable despite the borrowing spree.
Indonesia among e-money drivers
INDONESIA is among the top drivers of e-money growth in South-East Asia alongside neighbouring Malaysia, Singapore, the Philippines and Thailand, according to an inaugural report commissioned by Standard and Poor’s (S&P) Global Market Intelligence.
S&P’s rating demonstrates confidence in Malaysia’s economic outlook
KUALA LUMPUR: The affirmation of Malaysia’s credit rating by Standard and Poor’s (S&P) last week demonstrates its confidence in Malaysia’s positive economic outlook, strong institutional profile, sound economic fundamentals and prudent debt management.
S&P's rating demonstrates confidence in Malaysia's economic outlook, says Guan Eng
KUALA LUMPUR (Bernama): The affirmation of Malaysia's credit rating by Standard and Poor's (S&P) last week demonstrates its confidence in Malaysia’s positive economic outlook, strong institutional profile, sound economic fundamentals and prudent debt management, says the Finance Minister.
We're not going bankrupt anytime soon, says S'wak Dep CM
KUCHING: Sarawak's budget does not depend on its reserves as it has steady revenue sources, says Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan, disputing Finance Minister Lim Guan Eng's prediction that the state could go bankrupt in three years.
