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NEW YORK: Asian stocks were set for a bumpy start to the second half of the year on Wednesday as optimism about a global economic recovery from the pandemic jousted with signs in the United States the health crisis may not yet be past its peak.
KUALA LUMPUR: Insurance provider Allianz Malaysia Bhd is looking to post better results for the current financial year ending Dec 31,2020 with a single-digit top-line growth in revenue.
KUALA LUMPUR: Petronas Dagangan and glove makers helped push the FBM KLCI above the key 1,500 level early Tuesday, which was the last trading day of the second quarter, as investor sentiment was emboldened by the firmer Wall Street closing.
THE World Health Organisation declared the outbreak of Covid-19 as a pandemic on March 11 2020. As at June 20, more than 8.6 million confirmed cases have been reported worldwide, while in Malaysia the number of infections was 8,535 with 8,070 recoveries.
THE Covid-19 pandemic has placed additional strain on the government’s financial resources. In such times, it is timely to re-look at privatisation of infrastructure projects as it allows for the reallocation of financial resources for the social sector without straining national coffers.
WASHINGTON: The U.S. Federal Reserve bought US$428 million in bonds of individual companies through mid-June, making investments in household names like Walmart and AT&T as well as in major oil firms, tobacco giant Philip Morris International Inc, and a utility subsidiary of billionaire Warren Buffett's Berkshire Hathaway holding company.
SYDNEY/BEIJING: The death toll from COVID-19 reached half a million people on Sunday, according to a Reuters tally, a grim milestone for the global pandemic that seems to be resurgent in some countries even as other regions are still grappling with the first wave.
AGAINST fears of a second wave of coronavirus in the US and other countries, some companies in the semiconductor supply chain are tapping on the upcoming trends in 5G and artificial intelligence.
KUALA LUMPUR: Malaysia has called for cohesive economic measures among Asean member states to build socioeconomic resilience in mitigating the impact of Covid-19, said the International Trade and Industry Ministry (Miti).