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PETALING JAYA: In the face of weakening oil prices, the ringgit could face some weakness in the short term before picking up to the RM4.30 to RM4.35 level against the greenback by year end.
PETALING JAYA: BIMB Holdings Bhd’s private placement to raise RM800mil, which it plans to undertake as part of a group-wide restructuring, will now take place when the market improves
IT is a sign of the times when banks are told to start being sympathetic towards their customers and clients.
THE extension of the movement control order (MCO) has put convenience store operators in a spot. Many are looking at ways to cut costs to stay afloat and remain sustainable amid the Coronavirus (Covid-19) pandemic. The country’s largest homegrown convenience store operator Mynews Holdings Bhd is no exception.
PETALING JAYA: Bank Negara has kept its 2020 economic growth forecast for Malaysia unchanged, even though experts think that the economy will be hit further as a result of the recent two-week extension of the Movement Control Order (MCO).
PETALING JAYA: The historic oil production cut by major producers failed to lift sentiment on the local bourse, with counters such as Hibiscus Petroleum Bhd and services firm Serba Dinamik Holdings Bhd closing lower.
KUALA LUMPUR: The abrupt and significant impact on traffic volume during the four-week movement control order (MCO) will translate to lower revenue, a credit negative for toll road issuers, Maybank Investment Bank Research says.
PETALING JAYA: Leong Hup International Bhd (LHI) is seeing stable domestic demand for its poultry products during the movement control order (MCO), but interestingly, their average selling prices (ASPs) have fallen.
PETALING JAYA: With the collapse in air travel demand due to the coronavirus (Covid-19) pandemic, Malaysia Airports Holdings Bhd (MAHB) is expected to report a loss this year and marginally break even the next.