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Proposals to lower Employees’ Provident Fund contributions as a way of cushioning the impact of the Covid-19 outbreak on businesses and workers can be both a boon and a bane.
SINGAPORE/RIYADH: The guardians of the world economy are convening amid mounting fears that the Covid-19 (coronavirus) outbreak poses a greater threat to global growth than first envisaged.
PETALING JAYA: The Employees Provident Fund (EPF) has declared a dividend of 5.45% for Conventional Savings in 2019 and 5% for Syariah Savings 2019.
KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trade in a tight range of between 1,525 and 1,535 next week, with the fiscal stimulus package by the government to be the focus among local traders
BEIJING/SEOUL (Reuters) - The new coronavirus has infected hundreds of people in Chinese prisons, authorities said on Friday, contributing to a jump in reported cases beyond the epidemic's epicentre in Hubei province, including 100 more in South Korea.
BEIJING (AP): Global stock markets followed Wall Street lower Friday (Feb 21) after a spike in new virus cases in South Korea refuelled investor anxiety about China's disease outbreak.
JAKARTA: Indonesia’s central bank cut its benchmark interest rate after a three-month pause as the spread of the coronavirus threatens growth in South-East Asia’s biggest economy.
SINGAPORE (Bloomberg) -- Gold reached a new seven-year high as investors sought safety assets on concerns the coronavirus outbreak will hurt global growth and amid speculation the Federal Reserve will ease monetary policy before year-end.
SINGAPORE: Gold traded near a seven-year high on concern that the coronavirus outbreak will retard global growth, coupled with speculation the Federal Reserve will ease monetary policy before the year-end.
SHANGHAI/BANGKOK: Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung.