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BEIJING: Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence.
Move may result in potential foreign direct investments into Malaysia
KUALA LUMPUR: Sime Darby Property Bhd posted lower net profit of RM14.20mil in the first quarter ended March 31,2020, down by 94.7% from the RM265.07mil a year ago in the absence of a one-off gain.
KUALA LUMPUR: Petron Malaysia Refining and Marketing Bhd (PMRMB) recorded a net loss of RM83.68 million in the first quarter ended March 31,2020 (Q1 2020), from a net profit of RM57.52 million in the same period last year.
BANGKOK: Japanese appliance-maker Panasonic Corp on Thursday said that next year it will move its Thai-based production of refrigerators and washing machines to Vietnam, laying off some 800 workers.
WASHINGTON: The Senate overwhelmingly approved legislation Wednesday that could lead to Chinese companies such as Alibaba Group Holding Ltd. and Baidu Inc. being barred from listing on U.S. stock exchanges amid increasingly tense relations between the world’s two largest economies.
KUALA LUMPUR: Shares in Supermax Corp Bhd surged to its highest in at least ten years after reporting that its net profit doubled in the third quarter ended March 31 amid overwhelming glove demand.
TOKYO: One in five Japanese companies are worried they may not have sufficient capital if the coronavirus crisis persists, a Reuters poll showed on Thursday, underscoring how even some of the world's biggest cash-hoarding firms are bracing for prolonged pain.