Hong Kong take-private deals set to pick up pace

HONG KONG: Deals to take Hong Kong-listed companies private are set to accelerate next year, having already hit a three-year peak in 2020, as family-owned and other businesses reel from economic downturn amid the Covid-19 pandemic, bankers and investors said.

LKL unit signs distributorship deal with Komark Mask

KUALA LUMPUR: LKL International Bhd’s (LKLIB) subsidiary, LKL Advance Metaltech Sdn Bhd (LKLAM), has signed a distributorship agreement with Komarkcorp Bhd’s subsidiary, Komark Mask (M) Sdn Bhd, to sell and distribute Komark Mask’s disposable medical grade face masks worldwide.

Philippines war chest not enough

MANILA: The Philippines’ war chest against Covid-19 may not be enough to bankroll the huge financial support needed to recover from the pandemic-induced recession as well as resume jobs and livelihood, according to an Asian Development Bank (ADB) report.

Insight - Is it time for reshoring?

Other agencies not expected to follow Fitch’s rerating step

PETALING JAYA: The move by Fitch Ratings to downgrade Malaysia’s sovereign rating will not be followed by other global rating agencies and this will not derail the country as a safe haven for the capital market.

Tesla’s Musk relocates to Texas from California

SAN FRANCISCO: Silicon Valley billionaire Elon Musk has relocated to Texas from California as he wanted to focus more on Tesla Inc’s new electric car plant and his SpaceX venture in the Lone Star state.

Higher Brent crude on recovering fundamentals

PETALING JAYA: Brent crude, the global oil benchmark, is expected to hover around US$45 per barrel by year-end and at a higher price of US$50 next year amid weak but recovering fundamentals.

Potential impact of Brexit without trade deal

LONDON/BRUSSELS: Britain and the European Union sought on Sunday to strike an elusive trade deal, with failure likely to end with trade in chaos, markets tumbling and a huge economic price to pay.

Do more, talk less

DO more, talk less is the advice given by Kevin Rudd, former Australian prime minister, to current Australian Prime Minister Scott Morrison, on his war of words with China.

Record China-Asean deals ignite optimism

Business deals worth US$40bil struck at China-Asean Expo are uplifting amid Covid-19 pandemic