Agency also predicts sharp decline in demand for commodity in next three decades

France’s Bernard Arnault of LVMH Moet Hennessy-Louis Vuitton takes up mantle

Measure aims to combat price increases in domestic market, govt says

Investors bet on global recovery as traders build on broadly positive previous day

On global level, OECD studying reforms to modulate corporate tax according to profits made in each country, regardless of nation of origin

Quarterly fall comes after world’s third-largest economy records growth for 2 quarters to December

Meanwhile, ringgit strengthens against greenback

Next annual meet will be held in first half of 2022, with final location, date to be determined based on assessment in coming months

CEO warns fares will climb next year as capacity remains capped by restrictions

Ride-hailing company Gojek and e-commerce firm Tokopedia to form GoTo Group

Local arm of international fast food giant says it does not contribute, support, nor get involved in any political or religious conflicts in any countries

It rises to record US$24 trillion last year, a new high of 366% of global GDP

Economic council says country’s gross domestic product shrank 2.6% on-year in the same period