Daily Industry News Update (12 December 2020)


Low interest rates: How long will they stay low?

LIQUIDITY is plentiful – money is cheap. The Federal Reserve signalled that benchmark, short-term interest rates “would likely be held near zero until 2023.” I am reminded of the period following the last recession, when super-low rates lasted for seven years. We live in a bizarre

E-commerce & brick-and-mortar to co-exist for economic vigour

According to latest statement, Malaysia’s economy is on the path of recovery with a projected rebound of 6.5% to 7.5%* in 2021, the journey is expected to be uneven and dependent on the resurgence of COVID-19 cases. Shopee, at the launch of its 12.12 birthday sale, today

After Singapore awards digital bank licences, all eyes now on Malaysia

With Singapore having just approved four digital bank licences to non-bank players, the focus turn s to Malaysia as the country is anticipate d to be the next in the region to hand out such licenses. Bank Negara Malaysia is widely expected to invite applications for the licenses early….

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