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MEITUAN Dianping’s shares soared after it reported a smaller than expected 13% slide in revenue that drove hopes the world’s largest meal delivery business is starting to recover as China emerges from Covid-19 lockdowns.
KUALA LUMPUR: UOB Asset Management (Malaysia) Bhd launched its UOBAM Invest, a robo-advisory service that provides customised investment portfolios online to help companies meet their investment goals.
KUALA LUMPUR: AirAsia Group has implemented new travel policies for its passengers in light of the COVID-19 pandemic, including requiring guests to bring and wear their own face masks before, during and after their flight, as well as during check-ins and bag collection.
From the time tensions over trade between the United States and China began in 2018, China’s furniture exports to the United States became subject to tariffs of up to 25% by 2019, prompting many manufacturers to shift their positions to set up factories in Malaysia, followed by numerous buyers who have transferred orders to Malaysia.
STOCKS on Bursa Malaysia have rallied more than 10% to 1,343 points this week as investors anticipated the multi-billion ringgit stimulus package by the government.
Economy hit by worst quarterly contraction in a decade due to virus outbreak
Bloomberg: Tencent Holdings Ltd. delivered disappointing earnings and warned about a difficult advertising environment in 2020, voicing caution about how China’s first economic contraction in decades might affect its sprawling businesses.
SINGAPORE: Malaysia’s travel restriction is the latest threat to a Singapore economy already reeling from the coronavirus outbreak.
GEORGE TOWN: The electronic manufacturing sector in Penang is the hardest hit by the coronavirus (Covid-19), as many of the test equipment and chip producers here face a serious shortage of raw materials, an unprecedented situation that has disrupted production.