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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.
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.
Loan applications will increase but disbursements will be low, says an economist
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
KUALA LUMPUR: Bank Negara Malaysia's monetary policy committee has cut the overnight policy rate (OPR) rate by 25 basis points to 1.75%
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.
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.
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.
KUALA LUMPUR, June 27 (Bernama): Bursa Malaysia is likely to continue to trade in a cautious mode next week on the back of weak external development, including the resurgence of Covid-19 in the United States, as well as bearish economic outlook on the local and global fronts.
COMPETITION is heating up between food delivery players in Malaysia as plans are afoot by restaurants to shrink and rationalise its store space due to the Covid-19 pandemic.