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Digital connections vital for growth
WHILE the Covid-19 pandemic has had a socio-economic impact on the world, it certainly has accelerated digitalisation — changing the way we live, work and communicate.
Saudi Aramco reorganising its businesses
DUBAI: State energy giant Saudi Aramco said yesterday that it will be reorganising its downstream business to support its global growth strategy, aiming to complete it by the end of this year.
China Daily: Bright spot amid economic gloom
In its editorial, the paper says that as China contributes to more than 30 per cent of global growth, the quick recovery of its economy should instil confidence that the global economy can get back on its feet.
Moratorium – targeted approach the way forward
KUALA LUMPUR: The higher the rate of unemployment, the higher the level of non-performing loans (NPLs). That is the simplest hypothesis to explain the hike in NPLs especially in times of crises.
Banks remain prudent
Loan applications will increase but disbursements will be low, says an economist
Cheaper loans
PETALING JAYA: Bank Negara has gone full-throttle to accelerate Malaysia’s economic recovery after it slashed the benchmark interest rate to 1.75%, an all-time-low since the central bank adopted the overnight policy rate (OPR) framework in 2004
Bank Negara cuts overnight policy rate by 25bps to 1.75%
KUALA LUMPUR: Bank Negara Malaysia's monetary policy committee has cut the overnight policy rate (OPR) rate by 25 basis points to 1.75%
Wall Street jumps on strong services sector, hopes of China recovery
NEW YORK: U.S. stocks rose sharply on Monday as a rebound in U.S. services industry activity in June and expectations of a revival in China's economy boosted optimism, helping investors look past a surge in new coronavirus cases in the United States.
IMF official urges boosting intra-Asia trade amid anti-globalisation sentiment
WASHINGTON (Xinhua): Anti-globalization sentiment will rise due to the Covid-19 pandemic, and intra-regional trade will become very important for Asian countries, said an International Monetary Fund (IMF) official, urging them to further open up their markets to each other.
World shares end stellar quarter but still down in 2020
NEW YORK: A global stocks index rose on Tuesday and marked its largest quarterly gain since 2009 as investors continued to look for signs of an economic recovery while shrugging off data showing a rising number of COVID-19 cases.