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BEIJING: China will strengthen its economic policy and continue efforts to lower interest rates on loans, central bank governor Yi Gang said, reinforcing expectations of further support measures to revive an economy ravaged by the coronavirus pandemic.
BEIJING: Economic fallout from the coronavirus pandemic caused China’s government to avoid setting a formal GDP growth forecast for this year, while predicting a swelling budget deficit and setting a more modest target for employment expansion.
BEIJING (Reuters): China omitted a 2020 economic growth target for the first time and pledged government support for the economy in Premier Li Keqiang's work report on Friday (May 22), launching the country's annual parliament meeting.
PETALING JAYA: Foreign holdings of Malaysian bonds declined by RM2bil in April, but this was sharply lower than the RM12.3bil in March, RAM Ratings said.
KUALA LUMPUR: Foreign holdings of Malaysian bonds declined by RM2bil in April but this was sharply lower than the RM12.3bil in March, RAM Ratings said.
BEIJING (Xinhua): About 91 per cent of China's small and medium-sized enterprises (SMEs) had resumed operation as of Monday after disruptions caused by Covid-19, official data showed.
Rebound to be supported by fiscal and monetary stimulus
KUALA LUMPUR: Bank Negara will continue to monitor the prevailing economic and financial developments before deciding on further adjustments to the overnight policy rate (OPR) and statutory reserve requirement (SRR) in 2020.
Airports and roads have been emptied by the coronavirus pandemic but the Philippines will keep building them, banking on a US$160bil (RM693bil) infrastructure plan to revive an economy slammed by the outbreak.