Tag: Economy
IMF set to provide $2.9 billion to help crisis-hit Sri Lanka
COLOMBO, Sri Lanka: The International Monetary Fund has reached a preliminary agreement to provide Sri Lanka with $2.9 billion, over four years to help...
S&P downgrade indicates Russia headed for historic default
BOSTON USA: The credit rating agency Standard & Poor’s has downgraded its assessment of Russia’s ability to repay foreign debt. Signaling rising prospects that...
The U.S. reinstates 352 product exclusions from China tariffs.
WASHINGTON USA: The U.S. Trade Representative's office said on Wednesday it has reinstated 352 expired product exclusions from U.S. "Section 301" tariffs on Chinese...
Singapore core inflation cools while acceleration risks loom
SINGAPORE: Core inflation in Singapore cooled slightly last month. But is expected to pick up further in the near term, setting the stage for...
World Bank official says war-driven oil price hikes to slash growth for big importers
WASHINGTON: Persistent high oil prices prompted by Russia's invasion of Ukraine could cut a full percentage point off the growth of large oil-importing developing...
Global Sukuk issuance to stop growing for the first time in five years –...
Moody’s said on Tuesday that higher crude prices have reduced the financing needs of oil-rich Gulf governments. Due to this, Global Sukuk issuance will...
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...
INVESTOR CONFIDENCE RETURNS TO BURSA
The start of the year 2021 proved to be significantly good for the stock market as investors were confident of a global economic recovery....
Indonesia exits recession with 7% GDP growth in Q2, but virus clouds recovery
JAKARTA: Indonesia showed great signs of improvement as it effectively pulled out of recession in the second quarter of the year. The country reported...
Singapore economy grows 1.3% in Q1 but no change to GDP forecast for 2021
Singapore: The economy of Singapore has been observed to increase at a much faster pace during the first quarter of the year as estimated...
