China cuts short-term interest rate to kickstart economy
China has kept interest rates low compared with other major economies, but the near-zero inflation highlights challenges faced by policymakers as they try to stimulate growth. – AFP pic, June 13, 2023.
CHINA’S central bank today cut a key policy interest rate, in a surprise move to boost the country’s flagging economy. The People’s Bank of China said it was lowering the seven-day reverse repo rate to 1.9% from 2%, the first such move since August last year. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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Welcome! You are invited to join a webinar: Top In Tech Ep35: The Bursa Carbon Exchange: A Game Changer for Malaysian Businesses. After registering, you will receive a confirmation email about joining the webinar.Topic Brief: The Bursa Carbon Exchange (BCX) is Malaysia’s first government-backed voluntary carbon exchange. This is a platform that allows companies to purchase voluntary carbon credits from climate-friendly projects and solutions. It provides an opportunity for Malaysian businesses to reduce their carbon footprint and contribute to reducing carbon emissions. Hence, the launch of the Bursa Carbon Exchange is timely given the growing impact of global warming, and the important role voluntary carbon markets will play to support financing for climate-friendly projects and solutions. This latest episode will discuss how Malaysian businesses can benefit from the Bursa Carbon Exchange as we explore the opportunities for Malaysian businesses in the voluntary carbon market and how they can contribute to reducing carbon emissions. We will also discuss the challenges that Malaysian businesses face in reducing their carbon footprint and the benefits of reducing carbon emissions for Malaysian businesses. Discussion Angles: -How can Malaysian businesses benefit from the Bursa Carbon Exchange? -What are the opportunities for Malaysian businesses in the voluntary carbon market? -How can Malaysian businesses contribute to reducing carbon emissions? -What are the challenges that Malaysian businesses face in reducing their carbon footprint? -How can this help businesses meet their sustainability goals? Moderator: Karamjit Singh, CEO, Digital News Asia Speakers: -Tommy Lim, CEO, ICT Zone -Mohan Kumar D, Workforce Services and Solutions Head, Greater Asia, HP Inc
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