KUALA LUMPUR: Malaysia is expected to maintain its economic growth forecast of 4.8% this year, mainly driven by consumer spending, according to Standard Chartered Bank Malaysia Bhd (StanChart). "We see consumer spending moderating as labour-market conditions soften but expect it to remain the primary driver," said StanChart economist Jonathan Koh and chief economist Edward Lee in...
Standard Chartered Bank has revised its forecast for Bitcoin’s price, anticipating a significant surge in value up to $150,000 by the end of 2024. Previously predicting a milestone of $120,000, this upward revision follows a period of “sharper-than-expected price gains” for Bitcoin (BTC). Furthermore, the bank envisions even more substantial gains in the following year, with a forecasted...
Standard Chartered on Thursday (Oct 20) announced the appointment of James Lye as its global head of international banking with effect from Nov 1. In this newly created role, Lye will be based in Singapore where he will lead the group's international banking team and drive "focused execution to turbocharge the bank's international banking business". He will...
