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Laos PM: Reform state investment, act to avert economic crisis
VIENTIANE (Vientiane Times/ANN): Prime Minister Thongloun Sisoulith has told authorities in charge to reform state investment and ensure spending is effective, as part of measures to strengthen the macro-economy and prevent a crisis in the coming years.
Handal plans private placement
PETALING JAYA: Handal Energy Bhd has proposed a private placement to raise up to RM11mil for debt repayment and working capital.
Ukraine's budget deficit amounts to 7.6 bln USD in 2020
KIEV, Jan. 5 (Xinhua) -- Ukraine's Ministry of Finance announced that the state budget deficit in 2020 amounted to 215.5 billion hryvnia (about 7.6 billion U.S. dollars) with maximum deficit approved by the budget law to be 274.5 billion hryvnia (about 9.7 billion U.S. dollars), Ukrinform news agency reported on Tuesday.
Experts mull fiscal stimulus withdrawal
BEIJING: A mechanism to withdraw special fiscal stimulus measures smoothly and gradually in the post-pandemic period is needed to stabilise market expectations and minimise shocks from policy shifts, said fiscal management experts.
Thai minister admits Covid-19 exposed cracks and faults in economy
BANGKOK (The Nation/ANN): The Covid-19 outbreak that hit Thailand since April has exposed the fragility of the economy and shed light on the fact that we rely too much on export and tourism, Deputy PM Supattanapong Punmeechaow said.
Bank earnings expected to rebound next year
PETALING JAYA: Banks are expected to outperform the market in 2021 as the economy recovers with better availability of Covid-19 vaccines in the second half of 2021, says RHB Research.
AmInvest Research keeps overweight call on oil and gas firms
KUALA LUMPUR: AmInvestment Research is maintaining its overweight call on the oil and gas sector with Yinson, Petronas Gas, Dialog and Serba Dinamik among its top picks as crude oil has stabilised.
Banks demonstrate resilient credit portfolios, S&P Ratings says
KUALA LUMPUR: Malaysian banks are demonstrating resilient credit portfolios as they transition out of the blanket six-month moratorium in the country, S&P Global Ratings said.
