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JAKARTA (Jakarta Post/ANN): Indonesia’s economy is expected to contract sharply in the second quarter this year as trade data show that both exports and imports nosedived in May amid a coronavirus-induced global economic slowdown.
LONDON: BP Plc will make the biggest writedown on the value of its business since the Deepwater Horizon disaster a decade ago, as the coronavirus pandemic hurts long-term oil demand and accelerates the shift to cleaner energy.
PETALING JAYA: The resurgence of the coronavirus (Covid-19) infection in Beijing and the drop in oil prices are back as a tag team to batter global markets as they shatter confidence among investors.
PETALING JAYA: Serba Dinamik Holdings Bhd’s proposed acquisition of a fabrication yard at Teluk Ramunia in Johor for RM320mil is seen as fair and would enable it to expand vertically into the upstream segment of the oil and gas sector.
YANGON (Xinhua): Investment capital of over US$4.10 billion from permitted foreign enterprises have entered Myanmar in eight months of present fiscal year (FY) 2019-2020 stating in October, according to figures issued by the Directorate of Investment and Company Administration (DICA) on Monday (June 15).
JAKARTA: Indonesia posted a bigger-than-expected $2.09 billion trade surplus in May, while exports and imports plunged the most since 2009 as the coronavirus pandemic hammered global trade, data from the statistics bureau showed.
KUALA LUMPUR: The sell-off on Bursa Malaysia continued on Monday as fears over a second wave of coronavirus infections in Beijing continued to grow.
KUALA LUMPUR: Bursa Malaysia and key Asian markets fell in early Monday trade as worries about a second wave of Covid-19 infections weighed on investor confidence while oil prices fell.
TORONTO: Canadian oil sands companies have shelved nearly C$2bil (US$1.47bil) in green initiatives in a cost-cutting drive to weather the coronavirus pandemic, a reversal in some of their commitments to reduce emissions and clean up their dirty-oil image.
BANGKOK (Reuters): State-owned Thai oil and gas company PTT Pcl said on Saturday (June 13) that it would cut its investment budget across the group by 10-15% this year and some projects will be delayed as partners face challenges from the Covid-19 (coronavirus) pandemic.