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AGAINST a highly challenging global economic outlook, a global recession looks imminent. The Malaysian economy is expected to see a contraction of -2% at its worst and growth of 0.5% at its best in 2020, compared with 4.3% in 2019.
KUALA LUMPUR: MISC Bhd’s petroleum shipping unit, AET Tanker Holdings Sdn Bhd (AET), has taken delivery of Eagle Petrolina, the first of four Suezmax dynamic positioning (DP2) shuttle tankers purpose built for long-term charter to Brazil’s state-controlled oil giant Petróleo Brasileiro SA (Petrobras).
Semiconductor player to help overcome shortage
Manulife Insurance steps up to introduce a range of special measure
TO assist small and medium-sized enterprises (SMEs) mitigate the impact of the movement control order that was implemented to stem the spread of the Covid-19 pandemic, the Malaysia Productivity Corporation (MPC) has successfully adopted a variety of online platforms to support SMEs in their productivity and business growth.
TOKYO: The coronavirus pandemic buffeting the auto industry may prove to be a watershed moment for the alliance between Renault SA and Japanese partners Nissan Motor Co and Mitsubishi Motors Corp as they prepare deep cost cuts to survive.
MUMBAI: As I checked in for one of the first flights in India in two months, the baggage-tag dispenser spat out five boarding passes for me. Given the morning I’d had, this latest glitch wasn’t much of a surprise.
TOKYO: Japan is considering a fresh stimulus package worth over $929 billion (£764 billion) that will consist mostly of financial aid programmes for companies hit by the coronavirus pandemic
BEIJING: China's efforts to resolve risks among high-risk financial institutions have been hampered by slower economic conditions caused by the outbreak of the new coronavirus, the head of a provincial branch of the central bank told Reuters.
NEW YORK: The more than a century old car rental firm Hertz Global Holdings Inc