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Rising interest rate fallout unlikely
Upward inflation pressures, economic recovery may see rates climb again
RM20.15bil channelled via wage subsidy scheme
KUALA LUMPUR: The government has channelled RM20.147bil to 357,429 employers through its wage subsidy programme (PSU) that has helped to keep 2,951,854 jobs in an effort to reduce unemployment rate.
Where is Malaysia heading?
THE start of 2022 is an eerie echo of 2021. Omicron, the new variant of coronavirus, has raised infections in all parts of the world, threatening economic prospects for the year ahead.
Goldman, JPMorgan award bumper bonuses to top bankers
NEW YORK: Goldman Sachs and JPMorgan Chase, Wall Street's premier investment banks, this week informed staff of bumper bonuses for 2021, following a record-breaking year for Wall Street dealmaking.
Goldman bankers win big, investors aren’t pleased
GOLDMAN Sachs’ workers have been the big winners from the recent boom in dealmaking and trading compared with both its shareholders and peers at rival banks.
Beijing cuts key rates, steps up monetary stimulus
SHANGHAI: China stepped up its monetary easing efforts to prop up a slowing economy this week by lowering a set of key policy rates and lending benchmarks, and markets believe Beijing could ease further before growth bottoms out.
Asean News Headlines at 10pm on Thursday (Jan 20, 2022)
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Thursday (Jan 20)
Poland gets formal EU demand to pay fines over judicial regime
BRUSSELS (Reuters) - The European Commission has sent Poland formal notice to pay some 70 million euros in fines for failing to reverse an illegal disciplinary regime for judges, a spokesman said, an escalation in a row between Warsaw and the European Union over democracy.
Asian stocks rise after China rate cuts, Japan export gain
Asian stock markets rose on Thursday after China cut interest rates to shore up flagging economic growth and Japan reported a double-digit rise in exports.
China cuts key rates, steps up monetary stimulus to boost economy
SHANGHAI: China lowered mortgage lending benchmark rates on Thursday as monetary authorities step up efforts to prop up the slowing economy, after data earlier in the week pointed to a darkening outlook for the country's troubled property sector.
