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World 15 Oct 2020 | 5:01 AM

Poorest countries in desperate need of support amid K-shaped recovery: World Bank

WASHINGTON, Oct. 14 (Xinhua) -- The global economy is experiencing a K-shaped recovery, as advanced economies have been able to provide support while the poorest countries are facing an increasingly desperate recession, World Bank Group President David Malpass said Wednesday.

Economy 10 Oct 2020 | 7:00 AM

Politics and pandemic – a test for the economy

THE acronym PEP often refers to Politically Exposed Person and those in the financial market or those in compliance or risk management would know that when dealing with a PEP, extra precautions are needed before entering into any form of transactions or dealings. A PEP has a higher risk factor when it comes to corruption or bribery. However, this week’s column is not about PEP in that sense, but in a different form.