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BUMI Armada Bhd, the service provider to oil and gas companies, has provided for no less than RM5.8bil as impairments for its assets since the financial year 2016. The bulk of the provisioning was taken up at the group level.
WHILE millions of Americans were losing their jobs, the stock market in April produced its best monthly return in over 30 years.
KUALA LUMPUR (Bernama): Prime Minister Tan Sri Muhyiddin Yassin has conveyed his Kaamatan festival and Gawai Day greetings to the people of Sabah and Sarawak.
The coronavirus lockdown has accelerated a digitalisation drive in a global shipping and logistics sector that still routinely delivers many documents by bike messenger in some countries, according to industry leaders.
PETALING JAYA: Public Bank Bhd’s first quarter results for the 2020 financial year (FY20) of RM1.33bil were largely within analysts estimates although it did show some effects from the Covid-19 pandemic.
KUALA LUMPUR: Maybank Investment Bank Research sees Public Bank has one of the strongest fundamentals in Malaysia, but it sees little catalyst to rerate the stock.
KUALA LUMPUR: Foreign investors continued to exit Bursa Malaysia for the May 18-21 period, recording a total net outflow of RM394.34mil as the country entered the third week of its conditional movement control order (CMCO) enforcement amidst the Covid-19 pandemic.
KUALA LUMPUR: Foreign investors continued to exit Bursa Malaysia for the May 18-21 period, recording a total net outflow of RM394.34 million, as the country entered the third week of its Conditional Movement Control Order (CMCO) enforcement amidst the Covid-19 (coronavirus) pandemic.
PETALING JAYA: With Covid-19 infection clusters emerging in three immigration detention centres, Datuk Dr Noor Hisham Abdullah has said that negative sentiments against detainees must not be amplified and must not be a catalyst for discrimination in saving lives.