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Brazil's lower house approves 'war budget' to shield economy
SAO PAULO (Reuters) - Brazil's lower house of Congress approved a constitutional amendment late on Friday for a "war budget" to separate spending to shield the economy during the coronavirus outbreak from the government's main budget.
Asia update: S. Korea extends social distancing, China in mourning
South Korea has expanded a social distancing campaign by another two weeks to April 19 to stop the spread of the coronavirus as China came to a standstill to mourn the patients and medical staff who died because of the Covid-19 outbreak.
Hungary creates $4 billion fund to restart economy, working with central bank
BUDAPEST (Reuters) - The Hungarian premier's chief of staff said on Saturday the government had created a $4 billion (3 billion pounds) pool to help restart the economy amidst the coronavirus outbreak, using rerouted government ministry resources and the national employment fund.
MARC: Support from private sector crucial
KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) concurred with Bank Negara Malaysia’s (BNM) subdued outlook for the Malaysian economy in 2020. KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) concurred with Bank Negara Malaysia’s (BNM) subdued outlook for the Malaysian economy in 2020.
China showing signs of economic recovery
After defeating the domestic Covid-19 epidemic, China’s focus is now shifted to restarting its virus-battered economy.
Hope for the best, prepare for the worst
SINCE Malaysia went into a movement control order (MCO) on March 18, one of the familiar faces on the news networks is the Health Ministry director-general Datuk Dr Noor Hisham Abdullah.
Slowdown in investment growth
MALAYSIA needs to review its existing investment policies amid a rapidly-evolving environment to attract quality investments if it wants to successfully transition itself into a high-income nation.
How dividend stocks behave during a recession
Recessions and bear markets are almost a shoo-in for long-term investing. While we will never be able to guess its exact timeline, what’s certain is that it is around the bend, particularly after an 11-year bull run since the 2008 financial crisis.
Covid-19 pandemic test for financial resilience
A PROLONGED and severe impact from the Covid-19 pandemic remains a key downside risk to the economy and financial stability, Bank Negara says.
Bank Negara: Banking system can withstand ‘extreme shocks’
ALTHOUGH much uncertainty prevails amid the current global Covid-19 virus outbreak, the Malaysian banking system remains resilient, thanks to strong capital buffers - a result of prudent measures - undertaken over the years.