Xinhua world economic news summary at 1100 GMT, Sept. 14

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GENEVA -- United Nations Secretary-General Antonio Guterres said on Monday that the possibility of a complete economic collapse in Afghanistan is "serious."

Guterres was here in Geneva on Monday to convene a high-level ministerial meeting on the humanitarian situation in Afghanistan. (UN-Chief-Afghanistan)

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NAIROBI -- Kenya has prioritized enhanced water management along the 480 km Mombasa-Nairobi Standard Gauge Railway (SGR) corridor to ensure the commodity is available to communities and manufacturing entities, officials said on Monday.

Stephen Okoth, principal Water Research Officer in the Ministry of Water, Sanitation and Irrigation said that sustainable access to clean drinking water is key to stimulate economic growth along the SGR corridor. (Kenya-Weather-Accidents)

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KUALA LUMPUR -- A total of 2,979 foreign affiliates were operating in Malaysia with a value-added of 241 billion ringgit in 2020, contributing 17 percent to Malaysia's economy, official data showed Tuesday.

The uncertain economic situation amid the COVID-19 pandemic throughout the year 2020 has disrupted the business activities of most companies in Malaysia including foreign affiliates which are controlled by its parent companies abroad with more than 50 percent of ownership, the Department of Statistics Malaysia said in a statement. (Malaysia-Foreign Affiliates-Manufacturing Sector)

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KUALA LUMPUR -- Banking institutions from Thailand and Malaysia have been invited to indicate their interest to be a Qualified ASEAN Bank (QAB) in Malaysia and Thailand, said Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) on Tuesday.

The bilateral arrangement and its commitments form part of the ASEAN Framework Agreement on Services (AFAS), they said in a joint statement. (Malaysia-Thailand-ASEAN Bank) Enditem

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