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BENGALURU: The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre US economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second Covid-19 coronavirus shock.
KUALA LUMPUR: Kenanga Investment Bank Research is retaining its outperform on Gamuda Bhd with an unchanged target price of RM4.10 after its subsidiary was officially appointed to oversee the Penang Transport Master Plan (PTMP).
KUALA LUMPUR: The ringgit opened higher against the US dollar on Wednesday after overnight crude oil prices jumped on a major draw in crude oil inventory reports.
KUALA LUMPUR: Bursa Malaysia started the third quarter on Wednesday on a firmer footing, underpinned by gains in glove makers which enabled the FBM KLCI to chalk up slight gains.
WASHINGTON/SEATTLE/CHICAGO: Boeing Co failed to submit certification documents to the U.S. Federal Aviation Administration (FAA) detailing changes to a key flight control system faulted in two fatal crashes, a long-awaited government report seen by Reutershas found.
KUALA LUMPUR: ACE Market-bound Ocean Vantage Holdings Bhd’s net profit and revenue are likely to be flat in the financial year ending Dec 31,2020 (FY20) compared with last year amid the onslaught of the Covid-19 pandemic.
LONDON: Royal Dutch Shell on Tuesday said it will write $22 billion off the value of its assets after sharply lowering its oil and gas price outlook in the wake of the coronavirus pandemic.
WASHINGTON: The Federal Reserve (Fed) on Sunday released a list of roughly 750 companies, including Apple, Walmart and ExxonMobil, whose corporate bonds it will purchase in the coming months in an effort to keep borrowing costs low and smooth the flow of credit.
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.