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Lower interest rates, sales tax holiday provide further support
KUALA LUMPUR: New volume-driven launches in Malaysia's automotive sector in the final quarter of the year could offset cautious consumer sentiment from the ending of the loan moratorium on Sept 30, says Kenanga Investment Bank Research.
NEW YORK: Stocks across the world hit their lowest in seven weeks and other risk assets also sold off on Monday on concerns over renewed lockdown measures in Europe and Britain, as well as the United States' inability to agree on fiscal stimulus that would support millions of unemployed.
PETALING JAYA: Total vehicle sales continued its upward trajectory for the third consecutive month this year in August, rising 3% to 52,800 units from 51,148 units in the previous corresponding period, as the government’s tax exemptions and aggressive promotional campaigns by automotive companies continued to drive sales.
KUALA LUMPUR: Poh Huat Resources Holdings Bhd sees strong orders for home furniture from customers in the US ahead of the year end holidays. KUALA LUMPUR: Furniture maker Poh Huat Resources Holdings Bhd said pent up demand is driving up sales to the US, its key export market, as more American stay and work from home.
Local tourism expected to surge as it celebrates national day and mid-autumn festival in October
HONG KONG: Country Garden, China's top property developer, and smaller real estate firms are weighing offering bigger discounts on home buys after rival Evergrande unveiled its steepest ever discount this week, analysts and a source said.
DESPITE imposing one of the world’s longest and strictest lockdowns, coronavirus cases in the Philippines have now surged past 230,000, with Indonesia eclipsed as the region’s biggest outbreak.
For those who travel to the United Kingdom, Malaysians who arrived after Aug 11 do not need to self isolate as Malaysia is now considered a “safe” country. Countries with low Covid-19 infection rates are rated accordingly but the decision can be reversed when the infection rates go up like they did in France and Spain.