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KUCHING: Japan, which has drastically cut imports of Malaysian plywood in the past two years due to sluggish sales, has stepped up buy orders of hardwood plywood due to a strong demand for reconstruction works after the recent devastating Hagibis typhoon.
INDONESIA’S rupiah has been one of the biggest losers in Asian currencies from the coronavirus sell-off in risk assets – but there are signs the currency is set to strengthen later this year.
KUALA LUMPUR: FGV Holdings Bhd, the largest crude palm oil (CPO) producer in the country, warned its palm oil output is poised to drop this year, as the movement control order (MCO) since March 18 limit the strength of its plantation workforce.
LONDON: Copper prices reached their highest since February 2013 on Wednesday as Democrats who want increased economic stimulus edged closer to control of the U.S. Senate and a blockade threatened to halt operations at a major mine in Peru
BENGALURU: Gold prices fell on Thursday as investors flocked to the safety of the dollar after global equity markets slipped and the Federal Reserve raised concerns about the pace of economic recovery in the United States.
THE outbreak of the Covid-19 pandemic in 2020 has delivered a brutal hand to the country’s economy, bringing unprecedented challenges to the general public and corporate sector.
NEW YORK: The S&P 500 ended lower on Wednesday after the U.S. Federal Reserve held interest rates and its monthly bond-buying program steady and gave no sign it was ready to reduce its support for the recovery.
BEIJING: The Chinese central government delivered more than 2.5 trillion yuan (US$389bil or RM1.6 trillion) of directly funnelled fiscal funds to primary-level governments in the first four months through a normalised transfer mechanism to support employment, people’s basic needs and market entities, officials said.