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KUALA LUMPUR: Malaysia can expect a firm recovery in the second half of this year as economic activities pick up and provided there is no second wave of the Covid-19 pandemic outbreak, the Statistics Department said.
KUALA LUMPUR: Malaysia's economy shrank 17.1% in the second quarter ended June 30 as it was seriously impacted by the movement control orders, especially in April, which was a much deeper contraction compared with a Bloomberg survey of 10.9%.
KUALA LUMPUR: Foreign funds accelerated their selling of equities on Bursa Malaysia to RM937.5mil last week against RM226.1mil in the preceding week, according to MIDF Research.
KUALA LUMPUR: Foreign funds remained net sellers at Bursa Malaysia in the week ended July 24 at net RM910.2mil, which was the 23rd consecutive week of foreign net selling, MIDF Research says.
AMID a short working week due to Memorial Day, the US dollar witnessed a sell-off, losing 1.48% to 98.38, underpinned by global risk-on sentiment – which led to robust buying in the equity space with the Dow Jones rising 3.8% week-on-week (w/w) to 25,401 while the S&P 500 climbing 2.5% w/w to 3,030.
KUALA LUMPUR: Malaysia is expected to see softer economic growth in the months ahead after the Leading Index (LI), which gauges economic direction, showed a slower year-on-year growth of 0.7% in January this year compared to 1.9% in December 2019, said the Statistics Department.
HONG KONG: Hong Kong will avoid the kind of property market crash that followed previous economic slumps in the finance hub, according to Financial Secretary Paul Chan. "We do not see the risk of an off-the-grid type of downfall,” Chan said in an interview on Monday (March 2) with Bloomberg Television’s Yvonne Man.
The reason for the low returns of the provident fund is due to the poor performance of the capital markets as a whole.
IT is that time of the year again when the Employees Provident Fund (EPF) declares its dividend to its 14.59 million contributors.