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KUALA LUMPUR: Gains from index-linked glovemakers propelled Bursa Malaysia to close higher alongside with the positive sentiment across the regional market on Wednesday.
KUALA LUMPUR: Bursa Malaysia edged higher at midday on Wednesday as the FBM KLCI was given the boost from continued buying of glove makers especially export-driven Hartalega and Top Glove as Covid-19 cases surged in the US.
KUALA LUMPUR: The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose sharply to 51.0 in June 2020 from 45.6 in May 2020, its highest since September 2018.
BEIJING: China's factory activity grew at a faster clip in June after the government lifted coronavirus lockdown measures and ramped up support steps, but the health crisis continues to pressure exports and jobs, a private business survey showed on Wednesday.
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.