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(Reuters) - The day the military seized power in Myanmar three weeks ago, Phyu delved into her company's emergency funds and gave her staff a one-month advance on their salaries.
WASHINGTON: Between deep wounds to the labor market and weak inflation, Federal Reserve Chair Jerome Powell delivered a simple message to investors fixated on rising U.S. bond yields and price risks: watch the data, and don't expect any changes in monetary policy until the economy is clearly improving.
Jobseekers face challenges in staying relevant to meet the needs of the labour market. LS Training Solutions training provider Asnawi Yusof, in saying this, advised them to adapt by using technology and improving their skill sets.
WELLINGTON: New Zealand’s central bank held its official cash rate at a record low of 0.25% yesterday, as expected, saying the current levels of monetary stimulus were needed to meet its consumer price inflation and employment remit.
KUALA LUMPUR: The second movement control order (MCO2.0) in key states with bustling economic activities will pose an impact on Malaysia’s economic growth this year, according to financial intelligence company Moody’s Analytics.
JAKARTA (The Jakarta Post/ANN): The government has issued a regulation containing a so-called priority list that promises potential investors fiscal and nonfiscal incentives and scraps some restrictions on foreign investment to spur inflow of investment to the recession-hit country.
KUALA LUMPUR: The second Movement Control Order (MCO2.0) in key states with bustling economic activities would pose an impact on Malaysia’s economic growth this year, said financial intelligence company Moody’s Analytics.
SYDNEY: The Australian and New Zealand dollars extended their rapid rally on Wednesday as relatively high local yields drew buyers, and New Zealand's central bank sounded upbeat on the local economy even as it signalled rates would stay low.
WASHINGTON: Federal Reserve Chair Jerome Powell, pushing back on suggestions that loose monetary policy risked unleashing inflation and financial risks in what may be an emerging economic boom, said the central bank would keep its attention focused on getting Americans back to work as a vaccine-related recovery proceeds.
QUITO (Reuters) - Hundreds of Ecuadorean indigenous protesters arrived in the capital Quito on Tuesday to demand a recount of the Feb. 7 presidential election after official results showed indigenous activist Yaku Perez did not advance to the runoff vote.