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Xinhua world economic news summary at 0930 GMT, Jan. 24

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LA PAZ — The state-owned oil company Yacimientos Petroliferos Fiscales Bolivianos (YPFB) and its subsidiaries are planning an investment of 756 million U.S. dollars this year to reactivate the sector in exploration, exploitation and production, Bolivian minister of hydrocarbons, Franklin Molina, said Saturday.

“The main challenge of these investments is to increase and replace the hydrocarbon reserves of both natural gas and oil. This will allow us to direct our exports and guarantee the domestic market,” the official told a local radio network. (Bolivia-Energy-Investment)

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MUSCAT — Oman recorded a 14 percent increase in the number of small and medium-sized enterprises in 2020, said the official Oman News Agency on Saturday.

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“SMEs registered with the Small and Medium Enterprises Development Authority during 2020 increased by 14 percent, to reach 48,669 by the end of December 2020, compared to 42,698 by the end of December 2019,” the sultanate’s National Center of Statistics and Information (NCSI) was quoted as saying. (Oman-SMEs)

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NEW DELHI — Petrol and diesel prices have touched the all-time high in India, after rates were increased on Saturday, for the fourth time this week alone, according to local media.

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According to a price notification from oil marketing companies, petrol and diesel prices increased by 0.25 Indian rupee (around 0.003 U.S. dollar) per liter on Saturday. (India-Fuel-Prices)

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BEIJING — The total assets of China’s banking sector saw steady expansion in 2020, data from the country’s top banking and insurance regulator showed.

By the end of last year, the total assets of China’s banking institutions had climbed 10.1 percent year on year to 319.7 trillion yuan (about 49.5 trillion U.S. dollars), according to the China Banking and Insurance Regulatory Commission. (China-Banking Sector-Asset)

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