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Concept play, low interest rates and excess liquidity drive up Bursa
THE United States, which is the epicentre of the Covid-19 pandemic, is the base for some of the world’s largest healthcare companies. These companies are in the race to find a vaccine for the virus and have from time to time disclosed the progress of finding a wonder drug to prevent the spread of the virus.
BANKS are in a lose-lose situation. Borrowers frown upon them for making millions and expect them to make less money in tough times.
KUALA LUMPUR: The earnings of banks will come under pressure following a government-initiated move to get financial institutions to waive the accrued interest on hire-purchase (HP) loans for six months.
AMONG government departments, the land office is one of the most crowded places. It is widely used by legal firms and ordinary people to go about their business, which range from ordinary payment of quit rent to undertaking a search on information of properties.
THE government handing out financial assistance to companies is a path strewn with minefields that can explode on its face if not handled well.
THE capital expenditure (capex) of Petroliam Nasional Bhd (Petronas) of RM25bil per annum is easily more than the budget of most ministries in the federal government. Probably, only the Prime Minister’s Department gets a bigger allocation.
Active politicians on board of statutory bodies and GLCs with big capex and large assets bring more harm than good
THE owner of a double-storey corner shoplot got the response he had just expected from his long-time tenant last week. The tenant, who runs a tyre-shop catering for cars and commercial vehicles, said he was unable to pay his monthly rental of RM6,500.