IMF, World bank express readiness to lend amid virus crisis
The International Monetary Fund (IMF) and the World Bank have already developed contingency plans to be able to provide funding to the global fight against the coronavirus (COVID-19). IMF spokesman Gerry Rice said that the institutions are willing to lend capital should any state government requests for assistance. “We have various financial instruments that could […]
Asian shares rise ahead of Fed decision on rate hike.
TOKYO Japan: Asian shares rose as investors awaited a widely anticipated decision by the U.S. Federal Reserve on interest rate policy.
Japan’s benchmark Nikkei 225...
Malaysia to increase efforts to address semiconductor backlog orders.
KUALA LUMPUR: Malaysia is trying its best to reduce the backlog of orders in the semiconductor industry over the past 12 months following the...
China’s Ant Financial applies for banking license in Singapore, joining Grab and Razer
Shortly after Razer and Grab, world’s highest-valued FinTech company “Ant Financial” applied for a digital wholesale banking license in Singapore in its aim to promote...
ECB hawks press case for more rate hikes to fight inflation
Two prominent hawks on the European Central Bank’s (ECB) policymaking Governing Council predict that the bank will likely need to hike interest rates further....
‘No city anymore’: Mariupol survivors take train to safety.
LVIV, Ukraine: The heat on the train was as thick as the anxiety. Ukrainian survivors of one of the most brutal sieges in modern...
Maybank introduces financing solution for EV, hybrid users
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has unveiled a groundbreaking integrated auto finance solution that addresses all facets of owning an electric vehicle (EV)...
Chinese Warship Provokes US Navy in High-stakes Maritime Encounter: Tensions Ignite in Taiwan Strait!
In an audacious display of brinkmanship, a Chinese warship darted alarmingly close to the US destroyer USS Chung-Hoon in the Taiwan Strait, threatening international peace and escalating already heated tensions. The US military described this as a risky and unprofessional move by China, which only serves to ignite conflict in the area.
Japan, US hold navy drills off Koreas amid nuke test worry
TOKYO Japan: U.S. and Japanese warships, led by the USS Abraham Lincoln carrier strike group. Is conducting their joint naval exercise in waters between...
Sarawak targets revenue of RM11bil by 2023
Sarawak aims to earn more than RM 11 billion in income the following year, which would be a record. Approximately 48%, or RM5.25 billion,...
