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KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade higher next week, ranging between RM2,350 and RM2,500 per tonne, on better market outlook amid lower stockpiles.
NEW YORK: In the span of a few hours on Friday, Amazon.com Inc banned and then unbanned the TikTok video sharing app from employee mobile devices, calling the move a mistake
REVIEW: Concerns over a growing health crisis in the world’s largest economy is largely being offset by expectations that markets will be awash with liquidity as major central banks pull out all the stops in reinvigorating the global economy.
MANILA: Two groups are interested in upgrading the Philippines’ main airport in Manila after a consortium of tycoons said its 102 billion-peso (US$2.1bil) proposal was no longer bankable amid the pandemic.
DUBAI: Emirates laid off more pilots and cabin crew this week in another round of job cuts as the Gulf airline shrinks its workforce due to the coronavirus pandemic, four sources said.
KUALA LUMPUR: Malaysia’s sovereign wealth fund Khazanah Nasional Bhd. plans to increase its exposure to developed markets as the impact of the pandemic has pressured valuations.
LONDON: Chancellor of the Exchequer Rishi Sunak will unveil a £2bil (US$2.5bil) programme to pay the wages of more than 200,000 young workers as he tries to pull the UK economy out of the deepest slump in centuries.
KUALA LUMPUR: The moratorium on loan repayments by financial institutions, which took effect on April 1 as part of the PRIHATIN Rakyat Economic Stimulus Package (PRIHATIN), is estimated to have reached RM51.4 billion as at July 6.
WASHINGTON: U.S. President Donald Trump's administration touted its $660 billion small business pandemic aid program this week as a "wild success, " unveiling data that showed the initiative saved 51 million jobs.