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Success in containing pandemic key to economic progress
THIS holiday-shortened week will see the Statistics Department releasing the external trade statistics for December 2020 on Friday. The market will be closed on Thursday in conjunction with Thaipusam celebration.
AS we now welcome the era of Bidenomics over the next four years, one cannot help but to review the impact of the previous US president’s tenure which ended just three days ago.
KUALA LUMPUR: The ringgit was higher versus the US dollar at opening on Wednesday, pushed by the US President-elect Joe Biden's stimulus rally, coupled with the comfortably trading Brent crude oil above US$55 per barrel.
WASHINGTON: President Donald Trump's administration said on Friday Vietnam's actions to push down the value of its currency are "unreasonable" and restrict U.S. commerce, but did not take immediate action to impose punitive tariffs.
China's 2020 trade performance robust despite pandemic disruptions
KEY economic data for this week will be the growth of industrial production and unemployment rate that will help investors and economists gauge the recovery of the economy.
HANOI: In December 2020, the US Trade Representative (USTR) office organised a hearing to gather opinions from US businesses and organisations regarding suspicions that Vietnam’s increasing trade surplus with the US was caused by deliberate undervaluation of the Vietnamese dong.
SEOUL: South Korea’s exports climbed at the fastest pace in more than two years in December, buoyed by a pickup in global demand as vaccines raised hopes for a recovery.