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YANGON: About one million people may lose their jobs in Myanmar’s fisheries industry, with almost all exports ceasing since February as the spread of Covid-19 prompted major buyers, led by China and the United States, to halt orders.
BEIJING: Activity in China's services sector expanded at a faster clip in May as measures to contain the coronavirus outbreak were lifted, official data showed on Sunday, suggesting business and consumer confidence may slowly be improving.
NEW YORK: Investors are taking a closer look at the market’s consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for some of the sector’s hardest-hit names.
HONG KONG: Senior Hong Kong government officials lashed out on Saturday at moves by U.S. President Donald Trump to strip the city of its special status in a bid to punish China for imposing national security laws on the global financial hub.
KUALA LUMPUR: While business has been impacted by the ongoing pandemic, IOI Properties Group Bhd expects property sales to pick up post-conditional movement control order (CMCO).
WASHINGTON/HONG KONG: President Donald Trump on Friday ordered his administration to begin the process of eliminating special U.S. treatment for Hong Kong to punish China, but stopped short of calling an immediate end to privileges that have helped the territory remain a global financial center.
REVIEW: The easing lockdowns in many countries and hopes for a vaccine discovery remain the focal point of investor-buying, which has been driving up market valuations in what appears to be a strong, sustained recovery.
KUALA LUMPUR: Blue chips fell in early Friday trade as US-China tensions saw investors backing off and the FBM KLCI faced selling pressure.