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KUALA LUMPUR: Global edible oil prices are nearing their peak but may be slow to decline to previous levels due to low stocks, a slow recovery in output and higher global use in biofuel production, leading analysts said on Wednesday.
MADRID: Zara owner Inditex said on Wednesday its net profit fell 70% in 2020 to 1.1 billion euros ($1.31 billion), a steeper drop than expected, after a year of global lockdowns and dampened demand caused by the coronavirus pandemic.
HANOI: January started on a positive note, with city hotels seeing increased MICE and event bookings, while in some resorts corporate bookings started to return, according to Savills Vietnam.
BANGKOK: Investor confidence in Thai financial markets over the next three months has improved slightly on optimism over vaccines and capital inflows, but has been capped by a new wave of coronavirus cases, a capital market association said yesterday.
KUALA LUMPUR: Brokerage firms are positive on Tune Protect Group Bhd’s (Tune) three-year transformation plan, which encompasses diversification into new areas of growth to reduce exposure to its travel insurance business following the Covid-19 pandemic.
LONDON: Over two decades, Africa-focused Randgold Resources Ltd earned a reputation for running efficient operations in tough places, with lustrous shareholder returns and a premium valuation to match.
SINGAPORE: Singapore marked its worst ever recession in 2020 due to the Covid-19 pandemic, although contraction moderated in the fourth quarter as the city-state lifted more coronavirus-related curbs, putting the economy on path to a slow and patchy recovery.
FOR sure, 2020 is a year we would all like to forget. The Covid-19 pandemic has taken more than 1.75 million lives around the world, more than 20,000 Indonesians among them, and the fear it has caused has cast a pall over the world.