Kuala Lumpur: The government will need to focus on the digital economy and digital infrastructure as well as productivity in the 12th Malaysia Plan (12MP) to restore the country’s growth following the Covid-19 pandemic and hence realise the aim of becoming a high-income economy as early as 2024.

BEIJING: China’s central bank on Friday said all financial transactions involving cryptocurrencies are illegal, sounding the death knell for digital currencies in China after a crackdown on the volatile trade.

Kuala Lumpur: Bank Negara Malaysia (BNM) has introduced the Malaysia Overnight Rate (Myor) as the new alternative reference rate (ARR) for Malaysia.

Kuala Lumpur: The Employees Provident Fund’s (EPF) total investment income grew 25 per cent year-on-year to RM34.05 billion in the first half (H1) of 2021.

Kuala Lumpur: MIDF Research expects automotive demand to strengthen in the near-term, on the back of the tax holiday which runs till year-end, coupled with the reopening of showrooms nationwide.

BEIJING: Ratings agency Fitch on Thursday cut its growth forecast for China’s economy this year citing a slowdown in the country’s colossal property sector, which is also facing headwinds over faltering real estate giant Evergrande.

MANILA: The Asian Development Bank warned of “lasting scars” from the coronavirus pandemic as it cut its 2021 growth forecast for developing Asia on slow vaccination rates, surging infections and crippling lockdowns.

Kuala Lumpur: Malaysia remains competitive in attracting investments into the country, despite the challenging Covid-19 pandemic situation.

BEIJING: Embattled Chinese property titan Evergrande said Wednesday it had agreed a deal with domestic bondholders that should allow the conglomerate to avoid missing one of its interest payments and avoid default, but its deeper debt burden remains.

Kuala Lumpur: The Securities Commission (SC) envisions Malaysia transforming into a regional Sustainable and Responsible Investment (SRI) hub that aligns with the Islamic Capital Market (ICM) agenda to establish Malaysia as a regional centre for Shariah-compliant SRI.