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Covid-19 is causing economic damage to China, but experts believe it will emerge stronger economically when the epidemic is overcome. They are also confident that troubled Asean countries can come out of the doldrums.
PETALING JAYA: Sunway Construction Group Bhd (SunCon), which has reported a higher profit before tax margin of 8.9% for the financial year of 2019 (FY19), has upped its order book target to RM2bil for 2020.
KUALA LUMPUR: Sunway Construction Group Bhd (SunCon) is aiming for RM2bil new contract win this year driven by ongoing expansion of its business overseas and a steady pipeline of in-house projects.
KUALA LUMPUR: Berjaya Land Bhd (BLand) has raised the gross development value (GDV) of its real-estate project in Myanmar's largest city after a subsidiary secured the concession agreement (CA) with the government to start the project.
Malaysia recorded RM1.84 trillion in total trade last year
SINGAPORE/KUALA LUMPUR: "Do not wear a mask if you are well" read a warning plastered across the front of Singapore's main newspaper on Friday, as authorities around the world sought to calm panic buying of masks seen as a guard against the fast-spreading coronavirus.
BANGKOK/HONG KONG: A number of Thai banks have looked to expand their international operations in recent weeks, highlighting a trend towards rising risk appetite among banks in Asia, says Fitch Ratings.
SINGAPORE: Singapore’s sovereign wealth firm GIC Pte Ltd has bought a substantial stake in Myanmar’s Yoma Bank Ltd as the country seeks to attract more foreign capital from across the region
OSLO: Norway's Telenor posted higher-than-expected fourth-quarter operating profits on Wednesday and said it expects its underlying earnings to rise in 2020 after last year's decline.
KUALA LUMPUR: Ahead of the official visit of Chinese President Xi Jinping to Myanmar on Jan 17 and Jan18, there was a resurgence of warnings by analysts on the risk of debt trap that could be created by mega projects under China’s Belt and Road Initiative (BRI) for developing countries.