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KUALA LUMPUR: Bursa Malaysia opened the week lower, led by a fall in bank stocks as speculation over a further interest rate cut by Bank Negara weighed on sentiment in the sector.
BEIJING: China's economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and remained poised to expand further this year even as the global pandemic raged unabated.
KUALA LUMPUR: The FBM KLCI closed off lows after the prime minister announced another assistance package worth RM15bil to ease the pressure following the pandemic.
PETALING JAYA: A total of 1,383 employees of furniture manufacturer Lii Hen Industries Bhd who have recovered and are clear of Covid-19 will be allowed to resume work by the Health Ministry.
PETALING JAYA: Analysts remain upbeat on SKP Resources Bhd as the temporary shutdown of its facility in Johor Baru is expected to have little impact on its financial year 2021 (FY21) earnings.
TOKYO: Japan's biggest business lobby shrugged off on Tuesday calls for wage hikes as it braced for key spring salary negotiations with labour unions, calling blanket pay rises "unrealistic" as companies are hit by fallout from the COVID-19 pandemic, officials said.
PETALING JAYA: Most sectors on Bursa Malaysia are likely to see double-digit earnings growth this year, lending further support for the FBM KLCI to breach the 1,800-point level by year-end as market optimism improves.
China likely to use strong policy tools to achieve this
KUAL A LUMPUR: Pipes and valve supplier Pantech Group Holdings Bhd said earnings declined in the third quarter ended Nov 30, 2020 on lower contribution from its trading division.