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PETALING JAYA: Sarawak-based construction company Hock Seng Lee Bhd’s net profit fell by 46.3% to RM7.57mil in the first quarter ended March 31, compared with RM14.11mil a year ago as it was impacted by the onset of the movement control order (MCO).
KUALA LUMPUR: Sarawak-based construction company Hock Seng Lee Bhd’s net profit fell by 46.3% to RM7.57mil in the first quarter ended March 31,2020 compared with RM14.11mil a year ago as it was impacted by the onset of the Movement Control Order (MCO).
BERLIN: European car sales showed first signs of a tepid recovery in May as showrooms reopened after a two-month shutdown because of the coronavirus pandemic.
Oil prices aren’t recovering as the bulls had hoped. Yes, there is a rebalancing of supply and demand in the offing, but consumption hasn’t picked up quite as much as they hoped it would by now.
JAKARTA: Indonesia's trade balance likely turned positive in May, with falls in exports and imports probably deepening as the coronavirus pandemic depressed global demand, a Reuters poll showed on Friday.
KUALA LUMPUR: Maybank Investment Bank Research estimates the cumulative impact of demand shortfall and customer discounts sustained by Tenaga Nasional during the three-month long movement control order (MCO) at just 4% of 2020 earnings.
VIETNAM is pulling ahead in the race to reopen South-East Asia to city-hoppers and sunseekers.
THE US dollar witnessed a sell-off, down 1.7% to 96.677, marking a two-month low as risk-on sentiment permeates global markets after US-China tension dwindled as President Donald Trump’s measures were seen not as severe as feared.